Log In/Sign Up
Your email has been sent.
JUST REDUCED TO $1,995,000 10809 Palms Blvd 4 Unit Apartment Building $1,995,000 ($498,750/Unit) Los Angeles, CA 90034
INVESTMENT HIGHLIGHTS
- First time on market in over 25 years.
- HUGE 2-story, townhouse-style units.
- On-grade parking structure, 8 spots.
- Extremely well-maintained.
- All units have their own, separate storage room, as well.
- Proforma rents 35+% higher. Good upside.
EXECUTIVE SUMMARY
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 over $3,250 each could be within reach. 33% unrealized upside. The units' spacious, split layouts are ideal for a work-at-home renter or families.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$110,400
|
$23.27
|
| Other Income |
$1,200
|
$0.25
|
| Vacancy Loss |
$3,312
|
$0.70
|
| Effective Gross Income |
$108,288
|
$22.83
|
| Taxes |
$25,237
|
$5.32
|
| Operating Expenses |
$17,316
|
$3.65
|
| Total Expenses |
$42,553
|
$8.97
|
| Net Operating Income |
$65,735
|
$13.86
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $110,400 |
| Annual Per SF | $23.27 |
| Other Income | |
|---|---|
| Annual | $1,200 |
| Annual Per SF | $0.25 |
| Vacancy Loss | |
|---|---|
| Annual | $3,312 |
| Annual Per SF | $0.70 |
| Effective Gross Income | |
|---|---|
| Annual | $108,288 |
| Annual Per SF | $22.83 |
| Taxes | |
|---|---|
| Annual | $25,237 |
| Annual Per SF | $5.32 |
| Operating Expenses | |
|---|---|
| Annual | $17,316 |
| Annual Per SF | $3.65 |
| Total Expenses | |
|---|---|
| Annual | $42,553 |
| Annual Per SF | $8.97 |
| Net Operating Income | |
|---|---|
| Annual | $65,735 |
| Annual Per SF | $13.86 |
PROPERTY FACTS
| Price | $1,995,000 | Lot Size | 0.11 AC |
| Price Per Unit | $498,750 | Building Size | 4,744 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1987 |
| Property Subtype | Apartment | Parking Ratio | 1.69/1,000 SF |
| Building Class | C | ||
| Zoning | LAR3 | ||
| Price | $1,995,000 |
| Price Per Unit | $498,750 |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 4,744 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1987 |
| Parking Ratio | 1.69/1,000 SF |
| Zoning | LAR3 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1.5 | 4 | - | 900 |
1 1
Walk Score®
Very Walkable (83)
Bike Score®
Very Bikeable (77)
PROPERTY TAXES
| Parcel Number | 4254-023-008 | Total Assessment | $622,243 (2025) |
| Land Assessment | $180,796 (2025) | Annual Taxes | $25,237 ($5.32/SF) |
| Improvements Assessment | $441,447 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
4254-023-008
Land Assessment
$180,796 (2025)
Improvements Assessment
$441,447 (2025)
Total Assessment
$622,243 (2025)
Annual Taxes
$25,237 ($5.32/SF)
Tax Year
2024
1 of 8
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
JUST REDUCED TO $1,995,000 | 10809 Palms Blvd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.