See all 22 photos
22 photos
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by Woody Stahl • Lyon Stahl Investment Real Est
$4,200,000
Est. payment /mo
13,210 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Commercial/Residential
Listing Status Active
Purchase Type For Sale
Square Footage 13,210 sqft
Price per Sqft $317
MLS Listing ID PW-26197968
Year Built 1961
Lot Size 0.367 Acres
Property Sub-Type Commercial/Residential
Source California Regional Multiple Listing Service (CRMLS)
Property Description
This family-owned and operated multifamily property presents an attractive long-term ownership opportunity, having been held by the same ownership group for the past 37 years. Located in a desirable pocket of Palms, the property offers new ownership a strong value-add opportunity, with approximately 51% remaining rental upside that can be captured through interior renovations and the repositioning of existing units.
The property benefits from a highly desirable location providing residents with convenient access to employment centers, retail, dining, and entertainment throughout Palms, Culver City, Mar Vista, and surrounding Westside markets. The property's location and strong rental demand provide a solid foundation for both immediate income growth and long-term appreciation.
New ownership may also have the potential to convert existing carports into attached Accessory Dwelling Units (ADUs) under California's favorable ADU regulations, providing an additional avenue for future value creation. Buyer to independently verify the feasibility, permitting requirements, and applicability of any ADU conversion.
Ideally situated near major transportation corridors, the property is located just minutes from the 10 and 405 Freeways, providing residents with convenient access throughout Los Angeles and to major employment centers across the Westside and greater Los Angeles area. The combination of long-term ownership history, significant rental upside, potential ADU upside, and a highly accessible Palms location makes this an attractive opportunity for investors seeking a well-located value-add multifamily asset.
The property benefits from a highly desirable location providing residents with convenient access to employment centers, retail, dining, and entertainment throughout Palms, Culver City, Mar Vista, and surrounding Westside markets. The property's location and strong rental demand provide a solid foundation for both immediate income growth and long-term appreciation.
New ownership may also have the potential to convert existing carports into attached Accessory Dwelling Units (ADUs) under California's favorable ADU regulations, providing an additional avenue for future value creation. Buyer to independently verify the feasibility, permitting requirements, and applicability of any ADU conversion.
Ideally situated near major transportation corridors, the property is located just minutes from the 10 and 405 Freeways, providing residents with convenient access throughout Los Angeles and to major employment centers across the Westside and greater Los Angeles area. The combination of long-term ownership history, significant rental upside, potential ADU upside, and a highly accessible Palms location makes this an attractive opportunity for investors seeking a well-located value-add multifamily asset.
Location
State CA
County Los Angeles
Area C13 - Palms - Mar Vista
Interior
Laundry Common Area
Exterior
Pool Private
Community Features Biking, Sidewalks
Building
Lot Description 16-20 Units/Acre
Sewer Public Sewer
Read Less Info
Nearby Locations
GET MORE INFORMATION
John R Thompson
Broker/Owner License ID: 01200900
Broker/Owner License ID: 01200900