Rare opportunity to acquire a 42-unit apartment community in the highly desirable Palms area. The property is comprised of low-rise buildings featuring primarily studio and one-bedroom units, supported by a stable tenant base with many long-term residents. Situated on approximately 41,275 Sq Ft across two separate APNs, the asset offers… Read More over 350 Ft of frontage along Sepulveda Blvd, providing strong visibility and long-term positioning. Units are separately metered for gas and electricity, helping to reduce operating expenses. Additional income is generated through three on-site laundry rooms. The property includes approximately 45 parking spaces consisting of open, garage, and carport parking. A central courtyard with a swimming pool enhances tenant appeal and livability. Ideally located near major retail amenities including Trader Joe's, CVS, and the upcoming Whole Foods Market. Read Less
Property listed by Cavanaugh Realtors, Daniel John Cavanaugh 310-837-7161
Listing Snapshot
Days Online
2
Last Updated
Beds
36
Square Ft.
25,050
Lot Size
0.95 Acres
Year Built
1948
MLS Number
26687311
Additional Details
Appliances & Equipment
Disposal, Refrigerator
Building
Built in 1948, Living area: 25050.0, 3 buildings, 2 stories, Levels: Two
Disclosures
SellerDisclosure
Heating
WallFurnace
Income
Gross Income: $855,046, Net Operating Income: $454,136
Laundry
CommonArea, LaundryRoom
Lot
0.9476 acres
Parking
45 total parking spaces, Assigned, Covered, Uncovered
Pool
InGround, Permits, Private
Roof
Composition
Taxes
Parcel Number: 4252003006, Zoning: LAR3
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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