Homes for sale - 4505 Santa Rosalia DR, Los Angeles, CA 90008

REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your advisor will contact you to discuss available opportunities.

In-PersonVirtual Tour

Thu

Jul

Fri

Jul

Sat

Jul

Chris Jones

chris@jonesrealtygroupsd.com +1(619) 405-9847

$ 2,550,000

Est. payment | -/mo

15 Beds

16 Baths

14,006 SqFt

Save

$ 2,550,000

Est. payment | -/mo

Save

15 Beds

16 Baths

14,006 SqFt

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 14,006 sqft

Price per Sqft $182

MLS Listing ID 25562373

Bedrooms 15

HOA Y/N No

Year Built 1958

Lot Size 0.367 Acres

Property Description

The Camellia House Apartments is a 13-unit apartment building plus one (1) non-conforming unit located at 4505 Santa Rosalia Drive in the prime Baldwin Village neighborhood of Los Angeles. Built in 1958, the property sits on a 15,991 square foot LAR3-zoned lot and features a unit mix of (11) one-bedroom/one-bath units, (2) two-bedroom/two-bath units, and (1) non-conforming one-bedroom/one-bath unit. The building spans 14,066 square feet with oversized floor plans averaging approximately 1,000 square feet well above submarket averages. A beautifully re-surfaced pool and patio area anchor the lush courtyard, creating a desirable and peaceful environment for residents.Camellia House offers investors a strong value-add and income opportunity, with four (4) vacant units plus one (1) vacant non-conforming unit ready for lease-up. The property has undergone just under $120,000 in recent capital improvements in the past 60 days, including the full interior renovation of three (3) units, extensive landscaping work, a full resurfacing with epoxy flooring for five stairwells, the main entry & courtyard, and more. The building includes gated parking for 10 vehicles(7) tuck-under and (3) garage spots along with a shared laundry room generating additional income. The main electric panel has been updated, and utilities are separately metered for gas and electricity. Notably, five of the units are currently occupied by Section 8 or VASH tenants, making this a fantastic Section 8 investment opportunity. One-bedroom units at the property are currently achieving as much as $2,230/month, with current voucher limits for the 90008 zip code at $2,172 for 1BRs and $2,748 for 2BRs. The required soft-story retrofit work has not yet been completed. Offered at an extremely attractive basis of just $182 per square foot and 8.33 GRM, Camellia House presents a rare opportunity to acquire scale, cash flow, and upside in one of South LA's most dynamic and evolving neighborhoods.

Location

State CA

County Los Angeles

Area Phht - Park Hills Heights

Zoning LAR3

Interior

Heating Wall Furnace

Cooling Central Air

Fireplace No

Laundry Common Area

Exterior

Parking Features Covered, Garage

Garage Spaces 3.0

Garage Description 3.0

Pool In Ground

Total Parking Spaces 10

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5030012006

Special Listing Condition Standard

Listed by Jake Glaser Lyon Stahl Investment Real Estate, Inc.

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(619) 405-9847

chris@jonesrealtygroupsd.com

San Diego, USA

4505 Santa Rosalia DR Los Angeles, CA 90008