2820 S Sepulveda Blvd - Apartments FOR SALE


Los Angeles, CA 90064- Palms
$4,500,000 USD
310-622-1990
2820 S Sepulveda Blvd, Los Angeles, CA for Sale
$4,500,000 USD
Apartments - FOR SALE
1/13
null | 5.51% Cap Rate

2820 S Sepulveda Blvd
Los Angeles, CA 90064
Palms


OVERVIEW

• 21-unit courtyard-style property situated on a large 0.25-acre lot in West Los Angeles, just minutes from the major employment and lifestyle hubs of Culver City, Beverly Hills, Century City, and Westwood • First time on the market in 24 years, offering investors the rare chance to acquire a historically very well-occupied asset with upside • Competitively priced below replacement cost at $214,286 per unit, offering investors a 5.51% in-place cap rate to be an 8.95% pro forma cap rate • Residents benefit from a center courtyard style layout, 21 on-site parking spaces, and a community laundry room • Recent capital improvements include newly upgraded electrical panels in 2025 and a completed soft story retrofit • Opportunity for an astute investor to increase rental income through the development of an Accessory Dwelling Unit (ADU) • Ideally located near the intersection of the I-10 and I-405 freeways, providing residents with convenient access to all of Greater Los Angeles and within 10 minutes of Westside attractions, including the Culver Steps, Penmar Golf Course, and Little Osaka • Located within three miles of the world-renowned University of California, Los Angeles (UCLA), which enrolls over 48,000 students and employs nearly 4,000 full-time faculty, fueling strong off-campus rental demand in the submarket

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/SF

$417 USD /SF

# OF UNITS

21

PRICE/UNIT

$214,286

CAP RATE

5.51%

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1958

PARKING SPACES

21

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,860 SF

ZONING

LAR3

APN/PARCEL ID

4251-003-019

ASK ABOUT THIS PROPERTY

Kitty WallaceColliersMore Info
310-622-1990

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Kitty WallaceColliersMore Info
310-622-1990

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