4106 Palmwood Drive, Los Angeles, CA 90008 - Berkshire Hathaway HomeServices California Properties

4106 Palmwood Drive, Los Angeles, CA 90008

$6,800,000 Approx. USD 0 beds, 0 baths

Listing Agent


Josh Cohen | josh@cohengroupla.com
Lic#: 01346713
Broker: Courtesy of Keller Williams South Bay

Agent Remarks

We are pleased to present our latest multifamily investment opportunity, The Palmwood Collection. This cluster of mutlifamily properties is in Baldwin Village, located at 4106, 4112, and 4142 Palmwood Drive. 34 units in total, this investment is priced at a blended 7.12% Cap Rate and 9.27 GRM, with projected rental upside of about 18% for a new owner. In addition, there are RTI permits to add four ADU's in some of the existing garage space, allowing a Buyer to continue adding value above. The buildings are on separate parcels, providing a future owner the ability to sell individually to help avoid ULA Tax (Buyer to verify). Acquiring three properties all within walking distance on the same street affords an investor the ability to cut down on operational overhead, bolstering NOI. The units are comprised of: (1) 3 bed unit, (31) 1 bed units, and (2) Studio units, many of which have attractive kitchen and bathroom finishes. Most of the units are rented to established Section 8 tenants. The Palmwood Collection is surrounded by terrific amenities, allowing tenants to accomplish most errands and daily tasks on foot, cutting down on the need for parking. Transit options are also exceptional, with terrific access to bus stops and metro rail lines. The Baldwin Village area is experiencing a resurgence of investment activity, in addition to nearby Culver City and West Adams. Spurred by many transit- oriented developments, there are north of $5B in recent nearby developments that will transform the area for years to come.

Listing Details

Property type: Apartment (Multi-Family)
Status: Active
MLS# SB25048947
Price: $6,800,000
Beds: 0
Baths: 0
Built in 1954
0.62 acres
Lot size: 0.6241
County: Los Angeles
Lot description: Street Level
MLS area: 699 - Not Defined

Last Updated: 3/6/2025

 Days On Market (DOM): 68

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This listing belongs to the 699 - Not Defined MLS area

Lat/Long: 34.013524, -118.344118.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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