10920 National Blvd - Apartments FOR SALE


Los Angeles, CA 90064- Palms
$4,500,000 USD
310-202-9166
10920 National Blvd, Los Angeles, CA for Sale
$4,500,000 USD
Apartments - FOR SALE
1/15
null | 4.6% Cap Rate

10920 National Blvd
Los Angeles, CA 90064
Palms


HIGHLIGHTS

  • 13 Units in Prime West LA - Corner of National Blvd and Veteran Ave.
  • Large courtyard style building that is on a corner lot
  • Desirable unit mix of (9) 1 BR + 1 Bath, (2) 2 Br + 2 bath, (1) studio and (1) 3 BR + 2 Bath unit
  • Property has received several key improvements including: updated electrical system and tasteful renovations to most units
  • 3 BR + 2 Bah is a large spacious unit that has its own balcony. Good for a potential owner-occupier
  • Desirable rental location, adjacent to Culver and Century City. Close to both the 405 and 10 freeways

OVERVIEW

Caroline Schneider of Miller and Desatnik Realty Corp is pleased to present 10290 National Blvd a distinguished 13-unit multifamily investment opportunity situated on a prominent corner lot in the coveted neighborhood of West Los Angeles. This is the first time the property has been on the market in over 30 years!! This exceptional offering features a well-balanced unit mix comprising nine spacious 1-bedroom/1-bathroom residences, two generous 2-bedroom/2-bathroom apartments, one efficient studio, and one expansive 3-bedroom/2-bathroom unit. The 3 BR is a large penthouse that could potentially attract an owner-occupier. Though currently generating strong rental income, the property presents significant upside potential through strategic rent optimization, creating a value-add opportunity for multi-family investors. The elegant courtyard-style building encompasses approximately 9,112 square feet of living space on an expansive 10,440-square-foot corner parcel. Residences are thoughtfully arranged around a central courtyard garden, complemented by secured gated entry, convenient on-site laundry facilities, and ample garage parking. Building is in impeccable condition and has benefitted from several key improvements which include: completion of the required seismic retrofit, balcony inspection, updated electrical system (panels and breakers), replacement of most windows and tasteful modern renovations to the majority of the units. Strategically positioned in prime West Los Angeles, tenants enjoy easy access to Culver City, Venice, Century City, and both the 10 and 405 freeways

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/SF

$494 USD /SF

# OF UNITS

13

PRICE/UNIT

$346,154

CAP RATE

4.6%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1962

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,440 SF

ZONING

R3-1, Los Angeles

APN/PARCEL ID

4254-005-024

ASK ABOUT THIS PROPERTY

Carolyn SchneiderMiller & Desatnik Realty Corp.More Info
310-202-9166

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Carolyn SchneiderMiller & Desatnik Realty Corp.More Info
310-202-9166

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.