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$ 9,400,000
Est. payment | /mo
25,050 SqFt
$ 9,400,000
Est. payment | /mo
25,050 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 25,050 sqft
Price per Sqft $375
MLS Listing ID CL26687311
HOA Y/N No
Year Built 1948
Lot Size 0.948 Acres
Acres 0.9476
Property Sub-Type Other
Property Description
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 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.
Location
State CA
County Los Angeles
Zoning LAR3
Interior
Heating Wall Furnace
Fireplace No
Laundry Common Area, Laundry Room
Building
Water Other
New Construction No
Others
Tax ID 4252003006
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Listed by Daniel John Cavanaugh • Cavanaugh Realtors
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