$ 4,000,000
4106 Palmwood Drive Los Angeles, CA 90008
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Listed by Josh Cohen • Keller Williams South Bay
$ 4,000,000
Est. payment /mo
New
4106 Palmwood Drive Los Angeles, CA 90008
14,108 SqFt
UPDATED:
11/16/2024 03:53 AM
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 14,108 sqft
Price per Sqft $283
MLS Listing ID SB-24135620
Year Built 1954
Lot Size 0.371 Acres
Property Description
4106 & 4112 Palmwood Drive is located in Baldwin Village, is a twenty-unit property priced at a current 6.19% Cap Rate and 9.98 GRM, with projected rental upside of about 19% for a new owner! The buildings are on two separate parcels, providing a future owner the ability to sell individually to help avoid ULA Tax. The units are comprised of all One Bedroom units, which are very large and average over 700 square feet each! There are also RTI permits for four new ADUs in part of the existing garage space! The property 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.
Location
State CA
County Los Angeles
Zoning LAR3
Interior
Laundry Common Area
Exterior
Garage Gated
Garage Spaces 12.0
Pool None
Community Features Curbs
Building
Lot Description Level with Street
Sewer Public Sewer