10809 Palms Blvd - Apartments FOR SALE


Los Angeles, CA 90034- Palms
$2,079,000 USD
310-344-8218
10809 Palms Blvd, Los Angeles, CA for Sale
$2,079,000 USD
Apartments - FOR SALE
1/7
null | Request Cap Rate

10809 Palms Blvd
Los Angeles, CA 90034
Palms


HIGHLIGHTS

  • First time on market in over 25 years.
  • Extremely well-maintained.
  • HUGE 2-story, townhouse-style units.
  • All units have their own, separate storage room, as well.
  • On-grade parking structure, 8 spots.
  • Proforma rents 30% higher. Good upside.

OVERVIEW

Very well-maintained, very well-located 4-unit investment, in the heart of West LA's Palms submarket.  Townhouse-style, 2-story, 2 Bed/1.5 Bath units above an on-grade concrete parking structure. Units are almost 900 sq. ft. each.  All units have a dedicated, separate, large storage room, as well.  On-site laundry facilities and a communal patio area in the rear.  Intercom entry and electronically-accessed parking.  All units have 2 parking spaces.  Roof is newer. An above average rental option that will command a top-of-the-market rent - especially with some updating as units turnover.  Long-term, local ownership has not been aggressive, admittedly.  Current rents are $2,100-$2,400 each - proforma rents of $3,000 each could be within reach.  33% unrealized upside. The units' spacious, split layouts are ideal for a work-at-home renter or families.

FOR SALE DETAILS

PRICE

$2,079,000 USD

PRICE/SF

$438 USD /SF

# OF UNITS

4

PRICE/UNIT

$519,750

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1987-Blt. “Beauty”. NO rent control.

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1987

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,922 SF

ZONING

LAR3

APN/PARCEL ID

4254-023-008

ASK ABOUT THIS PROPERTY

310-344-8218

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310-344-8218

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