4015 Palmwood Dr - Apartments FOR SALE


Los Angeles, CA 90008- Crenshaw
$2,199,000 USD
951-741-0002
4015 Palmwood Dr, Los Angeles, CA for Sale
$2,199,000 USD
Apartments - FOR SALE
1/13
null | 5.29% Cap Rate

4015 Palmwood Dr
Los Angeles, CA 90008
Crenshaw


HIGHLIGHTS

  • Major redevelopment in the area bringing jobs and people which revitalize the neighborhood creating stronger community. Great investment opportunity.

OVERVIEW

This prime 10 unit investment opportunity with strong growth potential in desirable Baldwin Village. Tremendous upside awaits as two units will be delivered vacant at COE. The owner currently lives in one unit and is the manager. He is leaving at the close of escrow. A professional owner/investor can start this investment off on the right foot from the close of escrow and turn it into a cash cow. There is upside rental potential as well which supports CAP rate closer to 9%. Located in Baldwin Village with close proximity to the nations first Costco-anchored mixed use development. The area is seeing lots of transformative redevelopment including the $700M Baldwin Hills Crenshaw Plaza. These projects are anticipated to bring in lots of jobs and revitalize the surrounding area. This asset features an attractive unit mix. Some units have been updated recently. The exterior of the property was painted recently. Gated parking. Units are separately metered for gas and electric. Tenants are not aware property is being sold. Please don't walk onto the property!

FOR SALE DETAILS

PRICE

$2,199,000 USD

PRICE/SF

$240 USD /SF

# OF UNITS

10

PRICE/UNIT

$219,900

CAP RATE

5.29%

% LEASED

80%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1956

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,127 SF

ZONING

LAR3

APN/PARCEL ID

5032-008-023

ASK ABOUT THIS PROPERTY

Andrew LoefflerReMax Premier PropertiesMore Info
951-741-0002

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Andrew LoefflerReMax Premier PropertiesMore Info
951-741-0002

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