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4015 Palmwood Dr 10 Unit Apartment Building $2,199,000 ($219,900/Unit) 5.29% Cap Rate Los Angeles, CA 90008
INVESTMENT HIGHLIGHTS
- Major redevelopment in the area bringing jobs and people which revitalize the neighborhood creating stronger community. Great investment opportunity.
EXECUTIVE SUMMARY
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!
DATA ROOM Click Here to Access
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$189,360
|
$20.70
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$189,360
|
$20.70
|
| Taxes |
$27,487
|
$3.01
|
| Operating Expenses |
$45,600
|
$4.99
|
| Total Expenses |
$73,087
|
$7.99
|
| Net Operating Income |
$116,273
|
$12.71
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $189,360 |
| Annual Per SF | $20.70 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $189,360 |
| Annual Per SF | $20.70 |
| Taxes | |
|---|---|
| Annual | $27,487 |
| Annual Per SF | $3.01 |
| Operating Expenses | |
|---|---|
| Annual | $45,600 |
| Annual Per SF | $4.99 |
| Total Expenses | |
|---|---|
| Annual | $73,087 |
| Annual Per SF | $7.99 |
| Net Operating Income | |
|---|---|
| Annual | $116,273 |
| Annual Per SF | $12.71 |
PROPERTY FACTS
| Price | $2,199,000 | Building Class | C |
| Price Per Unit | $219,900 | Lot Size | 0.19 AC |
| Sale Type | Investment | Building Size | 9,146 SF |
| Cap Rate | 5.29% | Average Occupancy | 80% |
| Gross Rent Multiplier | 11.61 | No. Stories | 2 |
| No. Units | 10 | Year Built | 1956 |
| Property Type | Multifamily | Parking Ratio | 0.55/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | LAR3 | ||
| Price | $2,199,000 |
| Price Per Unit | $219,900 |
| Sale Type | Investment |
| Cap Rate | 5.29% |
| Gross Rent Multiplier | 11.61 |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 9,146 SF |
| Average Occupancy | 80% |
| No. Stories | 2 |
| Year Built | 1956 |
| Parking Ratio | 0.55/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | LAR3 |
AMENITIES
UNIT AMENITIES
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Trash Pickup - Curbside
- Bicycle Storage
- Public Transportation
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 5 | - | - |
| 2+1.5 | 4 | - | - |
| 2+1 | 1 | - | - |
1 1
Walk Score®
Very Walkable (75)
PROPERTY TAXES
| Parcel Number | 5032-008-023 | Total Assessment | $195,338 |
| Land Assessment | $39,193 | Annual Taxes | $27,487 ($3.01/SF) |
| Improvements Assessment | $156,145 | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
5032-008-023
Land Assessment
$39,193
Improvements Assessment
$156,145
Total Assessment
$195,338
Annual Taxes
$27,487 ($3.01/SF)
Tax Year
2025
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4015 Palmwood Dr
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