4505 Santa Rosalia Dr, Los Angeles, CA 90008
13-Unit + (1) Non-Conforming in Baldwin Village
$2,550,000
Property Highlights
13-unit property in a prime pocket of Baldwin Village (plus 1 non-conforming unit)
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 are vacant (plus vacant non-conforming unit)
Main electric panel has been updated
Property has seen just under $120K of recent capital improvements in past 60 days
Opportunity to legalize the non-conforming unit and add ADUs to the parking area (Buyer to verify)
Soft-story retrofit work has not yet been completed
The Opportunity
The Glaser Group is pleased to present the Camellia House Apartments, 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. Located within walking distance to the Metro K Line, the Baldwin Hills Crenshaw Plaza redevelopment, and numerous retail and transit amenities, the property is ideally positioned for long-term tenant demand and rent growth. With oversized units, strong Section 8 income, and clear paths to enhance value through additional renovations, leasing, and potential ADU expansion (buyer to verify), Camellia House is a compelling investment for both seasoned and new multifamily buyers.
Exclusively Listed By:
Jake Glaser
(310) 230-5157
jake@lyonstahl.com
Spencer Chan
(310) 259-2181
spencer@lyonstahl.com
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