Palms 16 Units No Rent Control with Massive Upside
Taksa Investment Group is pleased to present 3353 Shelby Drive, an excellent opportunity to acquire an extremely well located property in Palms, directly adjacent to Cheviot Hills. The property was built in 1984 by the current owner and is NOT subject to rent control, allowing for significant and immediate rental upside.
The property boasts a great unit mix consisting of 4 large one bedroom one bath units, 4 one bedroom 1 ¼ bath units with lofts and private sundecks, 4 two bedroom two bath units, and 4 three bedroom 2 bath units. Built around a common courtyard, all units have terrific floor plans that offer an abundance of natural light.
Many units feature fireplaces, large kitchens, walk in closets, and upgraded interiors. Other property features include copper plumbing, a common laundry room and gated parking with 32 parking spaces. Each unit, including the 1 bedroom units, comes with 2 parking spaces. The property is ideally located just two blocks away from the Metro Expo Line that runs from Downtown Los Angeles to the Santa Monica beach. Additionally, the property is surrounded by mostly single family residences on a quiet street.
On Shelby Drive, surrounded by single family homes and only to blocks away from the Expo Metro.
