Active
4106 Palmwood DR
LOS ANGELES CA, 90008
$6,800,000
$280.86 per sqft
Active
4 Beds
4 Baths
24,211 sqft
Multi-family
Built in 1954
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.
SB25048947MR
MLSⓇ ID
March 5, 2025
Listed
March 6, 2025
Updated
Interior Features
Total Stories
2
Bedrooms
4
Total Bathrooms
4
Laundry Description
Laundry Area
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.62 Acres
Sewer
Public Sewer
Other Property Details
Area Name
Park Hills Heights
Garage
Yes
Garage Spaces
14
Parking Total
14
View
No
County
Los Angeles
Water Source
Public
Pool Features
None
Listed by Josh Cohen with Keller Williams South Bay
Listing Contact: 310-480-2130
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©2025 Combined L.A./Westside MLS. All rights reserved.
Data last updated 3/6/2025