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4125 Palmyra Rd
Los Angeles, CA 90008
Multifamily Property For Sale
·
18 Units
Property Facts
| No. Units | 18 | Lot Size | 0.36 AC |
| Property Type | Multifamily | Building Size | 15,790 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1957 |
| Building Class | C | Parking Ratio | 0.76/1,000 SF |
| Zoning | LAR3 - Limited Density Multiple Residence | ||
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.36 AC |
| Building Size | 15,790 SF |
| No. Stories | 2 |
| Year Built | 1957 |
| Parking Ratio | 0.76/1,000 SF |
| Zoning | LAR3 - Limited Density Multiple Residence |
Amenities
Unit Amenities
- Heating
About 4125 PALMYRA RD , LOS ANGELES, CA 90008
THIS PROPERTY IS CURRENTLY UNDER CONTRACT. The Cohen Group is pleased to present its latest listing, 4125 Palmyra Road, an eighteen unit apartment building located in Los Angeles, California. Boasting potential rental upside of 48% +/-, this is a terrific opportunity for both new or seasoned apartment investors. Built in 1957, 4125 Palmyra Road sits on an large 15,599 square foot lot and has 15,790 in rentable square feet. The building has also recently finished it’s soft-story retrofit compliance work. Current management has made it a point to take good care of this asset; the plumbing was upgraded to copper piping in 2012, and the two boilers were replaced in 2015 and 2017. The building was also recently repainted. Each unit is also individually metered for gas and electricity. In today's competitive rental market, 4125 Palmyra Road is a rare find for both investors and tenants alike.The unit mix consists of one 2 bed/ 1.75 bath unit, six 2 bed/ 1.5 bath units, three 2 bed/1 bath units, and eight 1 bed/1 bath units. A select few of the units have been rehabbed as they turn over, giving the units a modern, contemporary feel that is extremely popular in today's rental market. Renovations may include new tiling and vanities in bathrooms, modern kitchen cabinetry, and attractive vaulted ceilings. Several units even have their own private balconies. The building also features a quaint private courtyard with a fountain and lush vegetation. There is on site, secured parking for tenants and the building also provides on-site laundry facilities.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 7 | $1,244 | - |
| 2+1 | 3 | $1,249 | - |
| 1+1 | 8 | $1,123 | - |
Property Taxes
| Parcel Number | 5032-007-017 | Improvements Assessment | $1,379,570 |
| Land Assessment | $2,918,322 | Total Assessment | $4,297,892 |
Property Taxes
