Request More Info
Schedule a Showing
Share
Print
|
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 investmentactivity, 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.
Property Type(s):
Residential Income
| Last Updated | 3/5/2025 | Year Built | 1954 |
|---|---|---|---|
| Community | Not Defined | Garage Spaces | 14.0 |
| County | Los Angeles |
Additional Details
| AREA | Not Defined |
|---|---|
| GARAGE | Yes |
| LOT | 0.62 acre(s) |
| LOT DESCRIPTION | Street Level |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| WATER | Public |
Location
Contact us about this Property
| / | |
| We respect your online privacy and will never spam you. By submitting this form with your telephone number you are consenting for Carie Webber to contact you even if your name is on a Federal or State "Do not call List". | |
Listed with Keller Williams South Bay
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This IDX solution is (c) Diverse Solutions 2025.
Twitter
Facebook
Email