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JUST REDUCED TO $1,995,000 10809 Palms Blvd 4 Unit Apartment Building $2,748,571 CAD ($687,143 CAD/Unit) Los Angeles, CA 90034

Apartment Buildings California Los Angeles 10809 Palms Blvd, Los Angeles, CA 90034

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INVESTMENT HIGHLIGHTS

  • First time on market in over 25 years.
  • HUGE 2-story, townhouse-style units.
  • On-grade parking structure, 8 spots.
  • Extremely well-maintained.
  • All units have their own, separate storage room, as well.
  • Proforma rents 35+% higher. Good upside.

EXECUTIVE SUMMARY

Very well-maintained, very well-located 4-unit investment, in the heart of West LA's Palms submarket.  Townhouse-style, 2-story, 2 Bed/1.5 Bath units above an on-grade concrete parking structure. Units are almost 900 sq. ft. each.  All units have a dedicated, separate, large storage room, as well.  On-site laundry facilities and a communal patio area in the rear.  Intercom entry and electronically-accessed parking.  All units have 2 parking spaces.  Roof is newer. An above average rental option that will command a top-of-the-market rent - especially with some updating as units turnover.  Long-term, local ownership has not been aggressive, admittedly.  Current rents are $2,100-$2,400 each - proforma rents of over $3,250 each could be within reach.  33% unrealized upside. The units' spacious, split layouts are ideal for a work-at-home renter or families.

ATTACHMENTS

10809 Palms Blvd Offering Memorandum (Sep 2025) - Loopnet

FINANCIAL SUMMARY (ACTUAL - 2024)

ANNUAL (CAD) ANNUAL PER SF (CAD)
Gross Rental Income $152,101 $32.06
Other Income $1,653 $0.35
Vacancy Loss $4,563 $0.96
Effective Gross Income $149,192 $31.45
Taxes $34,770 $7.33
Operating Expenses $23,857 $5.03
Total Expenses $58,627 $12.36
Net Operating Income $90,565 $19.09

FINANCIAL SUMMARY (ACTUAL - 2024)

Gross Rental Income (CAD)
Annual $152,101
Annual Per SF $32.06
Other Income (CAD)
Annual $1,653
Annual Per SF $0.35
Vacancy Loss (CAD)
Annual $4,563
Annual Per SF $0.96
Effective Gross Income (CAD)
Annual $149,192
Annual Per SF $31.45
Taxes (CAD)
Annual $34,770
Annual Per SF $7.33
Operating Expenses (CAD)
Annual $23,857
Annual Per SF $5.03
Total Expenses (CAD)
Annual $58,627
Annual Per SF $12.36
Net Operating Income (CAD)
Annual $90,565
Annual Per SF $19.09

PROPERTY FACTS

Price $2,748,571 CAD Lot Size 0.11 AC
Price Per Unit $687,143 CAD Building Size 4,744 SF
Sale Type Investment Average Occupancy 100%
No. Units 4 No. Stories 2
Property Type Multifamily Year Built 1987
Property Subtype Apartment Parking Ratio 1.69/1,000 SF
Building Class C
Zoning LAR3
Price $2,748,571 CAD
Price Per Unit $687,143 CAD
Sale Type Investment
No. Units 4
Property Type Multifamily
Property Subtype Apartment
Building Class C
Lot Size 0.11 AC
Building Size 4,744 SF
Average Occupancy 100%
No. Stories 2
Year Built 1987
Parking Ratio 1.69/1,000 SF
Zoning LAR3

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
2+1.5 4 - 900
1 1
Walk Score®
Very Walkable (83)
Bike Score®
Very Bikeable (77)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number 4254-023-008 Total Assessment $857,283 CAD (2025)
Land Assessment $249,088 CAD (2025) Annual Taxes $34,770 CAD ($7.33 CAD/SF)
Improvements Assessment $608,195 CAD (2025) Tax Year 2024

PROPERTY TAXES

Parcel Number
4254-023-008
Land Assessment
$249,088 CAD (2025)
Improvements Assessment
$608,195 CAD (2025)
Total Assessment
$857,283 CAD (2025)
Annual Taxes
$34,770 CAD ($7.33 CAD/SF)
Tax Year
2024
(310) 344-8218

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Contact the broker for more information about this property

CONTACT

  • Listing ID: 37244087

  • Date on Market: 2025-08-12

  • Last Updated:

  • Address: 10809 Palms Blvd, Los Angeles, CA 90034

The Palms Multifamily Property at 10809 Palms Blvd, Los Angeles, CA 90034 is currently available. Contact CBRE for more information.

MULTIFAMILY PROPERTIES IN NEARBY NEIGHBORHOODS

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JUST REDUCED TO $1,995,000 | 10809 Palms Blvd
(310) 344-8218 x

JUST REDUCED TO $1,995,000 | 10809 Palms Blvd

Brice W. Head, MBA
(310) 344-8218

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