Alta Realty Group
Alicia Hernandez, Alta Realty GroupPhone: (909) 680-1305
Email: RealtorAliciaH@gmail.com
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listing
1 of 27
CommercialFor Sale
$6,800,000
4106 Palmwood Drive
Los Angeles, CA 90008
Listed by: Josh Cohen from Keller Williams South Bay, josh@cohengroupla.com
MLS: Datashare California Regional
24,211Sq Ft
Est. Mortgage
$35,200/mo

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 experiencin

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Information courtesy of Keller Williams South Bay is subject to verification and is not guaranteed.
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