Property Detail

Description

A rare 7 unit building in the heart of Palms, this special property offers a strong unit mix of one 4-bedroom/2.5-bath, two 3-bedroom/2-bath units, three 2-bedroom/1.5-bath units, and one studio/1-bath - 3 UNITS delivered VACANT. Thoughtfully built to maximize the layout, desirability, unit mix, patio space and privacy in a highly coveted and robust rental market moments from downtown, freeways and the Westside. Three units are delivered vacant (the 4-bedroom, a 3-bedroom, and a 2-bedroom), providing an investor the flexibility to renovate to their own vision and achieve market rents right away. Three units have been fully renovated, one partially renovated, and several units feature in-unit laundry. Every unit has a large balcony or patio which extends the living space. Coin-operated laundry on site provides additional income. Off-street parking for up to 9 cars is a rare find in this part of the Westside and potential for ADU(s). Separately metered for gas and electric and seismic soft story retrofit work has been completed. Palms is one of the Westside's most convenient neighborhoods, moments from Culver City, Mar Vista, and Century City, with easy access to the 10 and 405 freeways and the Metro E Line. Strong tenant demand and a central location make this a compelling opportunity to acquire a scaled, income-producing asset in a highly sought-after submarket. Special financing available with 35% down for qualified buyers.