4136 Rosewood Avenue, Los Angeles, CA 90004
Description
Maher Commercial Realty is pleased to present this rare opportunity to purchase an RTI permit-ready 16-unit 100% market-rate development site in a hip East Hollywood location. The proposed property benefits from an excellent mix of eight 3-bedroom units, four 2-bedroom units, and four one bedroom units with a generous FAR of 33,635 square feet. There are 27 anticipated parking spaces for this proposed four-story project. Only one other RTI site has sold in this submarket since January, 2022, and only one of a handful of 100% market-rate RTI projects to come “for sale” in Los Angeles in the past year.
Great location adjacent to trendy Silverlake, Hollywood, and Rampart Village with easy access to the 101 Freeway and Western Avenue and two blocks north of the Vermont/Beverly Metro Station. Surrounded by shopping and dining including Sqirl, Jollibee, Melody and Taqueria El Charrito.
Renderings are for marketing purposes only and do not reflect the exact final finished product.
Property Features:
- Sale Price: $1,460,000
- Land Area Sq.Ft.: ±9,901
- Price/Sq.Ft. Land: $147/Sq.Ft.
- Building Code Floor Area Sq.Ft.: ±33,635
- Zoning Code Floor Area Sq.Ft.: ±18,662
- Net Rentable Sq.Ft.: ±15,160
- Unit Count: 16
- Average Unit Size: ±947 Sq.Ft.
- Unit Mix: Eight 3-Bed, Four 2-Bed, Four 1-Bed
- Bedroom Count: 36
- Parking: 27 Cars/18 Bikes
- Zoning: R4-1
- Specific Plan:Vermont/Western Station Neighborhood Area Plan, Subarea A
- Transit Oriented Communities: Tier 3
- Qualified Opportunity Zone: Yes
- APN: 5520-017-018
- Notes: Entitled without TOC density bonus, all units are market rate
Address
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Address 4136 Rosewood Ave, Los Angeles, CA 90004, USA
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Country United States
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Postal code/ZIP 90004
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Contact
Jeremy Shore
Property Agent
Jeremy Shore is an experienced professional with over 10 years of working across all aspects of commercial real estate brokerage, management and investment. Since joining Maher Commercial Realty in 2018, Mr. Shore has completed over $70,000,000 in transaction volume, between signed leases and closed sales. On the sales front, Mr. Shore is arranging development, investment, and owner-user transactions across retail, industrial, multifamily, and office product types in the greater Los Angeles area. Mr. Shore dives deep into properties he analyses to find the 'highest and best use' to maximize revenue and valuation for his clients, which include prominent family offices and institutional investment firms. On the leasing side of the business, Mr. Shore has represented owners and tenants of food and beverage spaces, industrial warehouses, general retail and office space. With deep contract knowledge and careful diligence, Mr. Shore strives to complete transactions where at the end of the day, both landlord and tenant are satisfied and can look forward to the start of a years' long relationship. Mr. Shore enjoys the feeling of shaping a neighborhood and providing a home for entrepreneurs to flourish. Mr. Shore takes pride in having a role in improving the communities in which he operates, whether by adding housing to combat Los Angeles' affordability crisis or making a neighborhood more desirable by placing a cafe which becomes a gathering place for locals. In his spare time, Mr. Shore enjoys staying active with cycling, tennis, skiing, and hiking with his wife and dog. BRE#02020539