4505 Santa Rosalia Dr, Los Angeles, CA 90008

May 1

Written By Jake Glaser

13-Unit + (1) Non-Conforming in Baldwin Village

Sold: $2,400,000

Property Highlights

13-unit property in a prime pocket of Baldwin Village (plus 1 non-conforming unit)
4 competitive offers generated within the first week of marketing
Closed with zero contingencies from Day 1 of escrow at an 8.39% Cap Rate through a competitive bidding process
Unit mix is comprised of (11) 1BR/1BA units, (2) 2BR/2BA unit, and (1) non-conforming 1 BR/1BA unit
Units average a spacious 1,000 SF across a 0.37 acre lot
Property has a beautiful pool centered in the courtyard
Gated parking for 10 cars: (7) tuck-under and (3) garage spots
Shared laundry room brings in additional income
Separately metered for gas and electricity
4/13 of the units were vacant at closing (plus vacant non-conforming unit)
Property saw just under $120K of recent capital improvements prior to listing
Opportunity to legalize the non-conforming unit and add ADUs to the parking area
Soft-story retrofit work has not yet been completed

The Deal Story

The Glaser Group is proud to announce the successful closing of 4505 Santa Rosalia Drive in Los Angeles, CA—a 13-unit multifamily community (plus 1 non-conforming unit) located in the heart of Baldwin Village. This marks our 21st closing so far in 2025.

The property sold for $2,400,000 in a fully non-contingent escrow, equating to $184,615 per unit and $171.36 per square foot, at an 8.39% Cap Rate and 7.84 GRM. This asset offers a diverse mix of (11) one-bed/one-bath units, (2) two-bed/two-bath units, and (1) non-conforming unit, with gated parking and income-producing laundry. Recent $120,000+ improvements included three full unit renovations, new landscaping, epoxy stairwell resurfacing, and entry/courtyard upgrades—positioning the property for continued value creation despite the pending soft-story retrofit.

The Sellers, who originally held the loan and acquired the property at auction after foreclosure, entrusted The Glaser Group to lead a thoughtful sale strategy. After interviewing multiple top brokerages, they selected us based on our proven track record in the area, strategic listing approach, and clear communication in overcoming the property’s unique challenges.

The Buyer, a seasoned local investor with a strong presence in Baldwin Village, saw the opportunity to enhance the property’s performance and strengthen their portfolio in this high-demand submarket.

Within the first week of marketing, The Glaser Group generated 4 competitive offers through a targeted bidding process, ultimately securing a deal with zero contingencies and a quick closing.

In today’s competitive market, precision and execution matter. The Glaser Group continues to deliver results that align with client goals and unlock value at every stage of the deal. If you're interested in selling a similar property or exploring a 1031 exchange, please contact us at (310) 230-5157.