4106 Palmwood Drive, Los Angeles, CA 90008
  • MLS#: SB25048947 ( Apartment )
  • Street Address: 4106 Palmwood Drive
  • Viewed: 7
  • Price: $6,800,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1954
  • Bldg sqft: 0
  • Days On Market: 52
  • Additional Information
  • County: LOS ANGELES
  • City: Los Angeles
  • Zipcode: 90008
  • Provided by: Keller Williams South Bay
  • Contact: Josh Josh
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    We are pleased to present our latest multifamily investment opportunity, The Palmwood Collection. This cluster of mutlifamily properties is in Baldwin Village, located at 4106, 4112, and 4142 Palmwood Drive. 34 units in total, this investment is priced at a blended 7.12% Cap Rate and 9.27 GRM, with projected rental upside of about 18% for a new owner. In addition, there are RTI permits to add four ADU's in some of the existing garage space, allowing a Buyer to continue adding value above. The buildings are on separate parcels, providing a future owner the ability to sell individually to help avoid ULA Tax (Buyer to verify). Acquiring three properties all within walking distance on the same street affords an investor the ability to cut down on operational overhead, bolstering NOI. The units are comprised of: (1) 3 bed unit, (31) 1 bed units, and (2) Studio units, many of which have attractive kitchen and bathroom finishes. Most of the units are rented to established Section 8 tenants. The Palmwood Collection is surrounded by terrific amenities, allowing tenants to accomplish most errands and daily tasks on foot, cutting down on the need for parking. Transit options are also exceptional, with terrific access to bus stops and metro rail lines. The Baldwin Village area is experiencing a resurgence of investment activity, in addition to nearby Culver City and West Adams. Spurred by many transit oriented developments, there are north of $5B in recent nearby developments that will transform the area for years to come.
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Features
Additional Parcels Description
  1. 5032010005
  2. 5032009011
Building Area Total
  1. 24211.00
Commoninterest
  1. Community Apartment
Common Walls
  1. 2+ Common Walls
Country
  1. US
Electric Expense
  1. 0.00
Entry Location
  1. Front
Fuel Expense
  1. 0.00
Garage Spaces
  1. 14.00
Insurance Expense
  1. 0.00
Laundry Features
  1. Common Area
Lot Features
  1. Level with Street
Netoperatingincome
  1. 484289.00
Number Of Separate Electric Meters
  1. 37
Number Of Separate Gas Meters
  1. 37
Otherexpense
  1. 232241.00
Otherexpensedescription
  1. Contact
Otherincomedescription
  1. Contact for more inc/exp info
Parcel Number
  1. 5032009010
Pool Features
  1. None
Professionalmanagementexpense
  1. 0.00
Property Type
  1. Apartment
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 433512398:CRM
Totalexpenses
  1. 232241.00
Trash Expense
  1. 0.00
Water Sewer Expense
  1. 0.00
Water Source
  1. Public
Year Built
  1. 1954
Year Built Source
  1. Public Records