MAJOR VALUE-ADD OPPORTUNITY
With a total of 78 units built in 1930, 410 N. Rossmore provides a compelling opportunity for an investor to acquire an asset with significant value-add potential, with over 110% upside over in-place gross rents. The Property will be delivered with 19 vacant units, which will allow an investor to immediately begin to implement a value-add program.
With an average income of $125,750 (38% higher than the City of LA) and over 50% of residents holding a college degree (57% more than the City of LA), Hancock Park is hands down one of the most prestigious neighborhoods in all of Los Angeles.
RARE BUYING OPPORTUNITY
There are 19 apartment buildings that are 50+ units in Hancock Park. Of those properties, only three have transacted in the past five years, making 410 N. Rossmore an extremely rare opportunity to acquire an asset of this size in the prestigious Hancock Park neighborhood.
PRESTIGIOUS HANCOCK PARK LOCATION
Hancock Park is one of the most prestigious neighborhoods in Southern California. The neighborhoods central location, historic and new world charm, beautiful single-family homes, and strong demographics make Hancock Park one of the most desirable places to live in all of Los Angeles. The Property is located on Rossmore Avenue, one of the main thoroughfares in Hancock Park, which features some of Los Angeles' most architecturally renowned buildings.