$9,400,000
About this home
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.
Facts & features
- Bedrooms
- 36
- Bathrooms
- 0 full, 0 half
- Living area
- 25,050 sq ft
- Appliances
- Disposal, Refrigerator
- Heating
- Wall Furnace
- Laundry
- Common Area, Laundry Room
- Levels
- Two
- Lot size
- 0.948 acres (41,279 sq ft)
- Pool
- In Ground, Permits, Private
- Year built
- 1948
- Parking
- Assigned, Covered, Uncovered
- Parking spaces
- 45
- Area
- C 13 - Palms - Mar Vista
- County
- Los Angeles
- Status
- Active
- Property type
- Residential Income
- Days on market
- 91
- Listed
- 2026-04-08
- Original price
- $9,995,000
- Parcel #
- 4252003006
- MLS #
- 26687311
