Prime Larchmont Village 5026 Rosewood Ave 22 Unit Apartment Building $15,006,140 CAD ($682,097 CAD/Unit) 5% Cap Rate Los Angeles, CA 90004

5026 Rosewood Avenue is a 2017-built, podium-style, 22-unit multifamily asset situated at the southern edge of Larchmont Village near East Hollywood and Melrose Hill. Constructed with Type V-A wood framing over a concrete podium and full fire-sprinkler coverage, the four-story, elevator-served property delivers modern systems, contemporary curb appeal, and true turnkey operations. With 31,506 square feet of building area on roughly 13,500 square feet of land, the asset offers the scale and efficiency sought by long-term and yield-oriented investors.

The unit mix emphasizes larger layouts, including fifteen two-bedroom units and six three-bedroom residences, for a total of fifty bedrooms across twenty-two units. Interiors feature quartz countertops, stainless steel appliances, vinyl plank flooring, in-unit washer and dryers, NEST thermostats, deep soaking tubs, walk-in closets, and private balconies in most units. These finishes position the property competitively against newer central Los Angeles inventory and support strong retention and premium rent levels.

The building is exempt from the Los Angeles Rent Stabilization Ordinance and governed solely by AB 1482, allowing full market rent resets at natural vacancy. A modest density bonus results in only two Very Low Income units, minimizing regulatory constraints.

A full subterranean garage provides approximately forty tandem stalls, effectively offering two or more spaces per unit, along with EV charging stations. Controlled access, intercom entry, trash chutes, bicycle storage, an on-site manager’s unit, central HVAC, and dual-pane windows contribute to low near-term capital needs and simplified management.

The walkable location provides convenient access to Larchmont Village retail, major employment centers, and the Vermont and Beverly Red Line station, while nearby Melrose Hill continues to attract new investment. Although school and crime metrics vary relative to westside benchmarks, the property’s modern construction, amenities, and larger floor plans capture spillover demand from higher-priced neighborhoods.

Overall, 5026 Rosewood Avenue offers investors a turnkey podium asset with contemporary design, efficient operations, and measured rent growth potential. Its non-RSO status, family-oriented unit mix, substantial parking and EV infrastructure, and central Los Angeles setting support a long-term strategy centered on durable cash flow and steady appreciation.