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JUST REDUCED TO $1,995,000 10809 Palms Blvd 4 Unit Apartment Building $2,784,860 CAD ($696,215 CAD/Unit) Los Angeles, CA 90034
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.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$154,110
|
$32.49
|
| Other Income |
$1,675
|
$0.35
|
| Vacancy Loss |
$4,623
|
$0.97
|
| Effective Gross Income |
$151,161
|
$31.86
|
| Taxes |
$35,229
|
$7.43
|
| Operating Expenses |
$24,172
|
$5.10
|
| Total Expenses |
$59,401
|
$12.52
|
| Net Operating Income |
$91,761
|
$19.34
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $154,110 |
| Annual Per SF | $32.49 |
| Other Income (CAD) | |
|---|---|
| Annual | $1,675 |
| Annual Per SF | $0.35 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $4,623 |
| Annual Per SF | $0.97 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $151,161 |
| Annual Per SF | $31.86 |
| Taxes (CAD) | |
|---|---|
| Annual | $35,229 |
| Annual Per SF | $7.43 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $24,172 |
| Annual Per SF | $5.10 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $59,401 |
| Annual Per SF | $12.52 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $91,761 |
| Annual Per SF | $19.34 |
PROPERTY FACTS
| Price | $2,784,860 CAD | Lot Size | 0.11 AC |
| Price Per Unit | $696,215 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 | $2,784,860 CAD |
| Price Per Unit | $696,215 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)
PROPERTY TAXES
| Parcel Number | 4254-023-008 | Total Assessment | $870,213 CAD (2025) |
| Land Assessment | $252,845 CAD (2025) | Annual Taxes | $35,229 CAD ($7.43 CAD/SF) |
| Improvements Assessment | $617,368 CAD (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
4254-023-008
Land Assessment
$252,845 CAD (2025)
Improvements Assessment
$617,368 CAD (2025)
Total Assessment
$870,213 CAD (2025)
Annual Taxes
$35,229 CAD ($7.43 CAD/SF)
Tax Year
2024
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JUST REDUCED TO $1,995,000 | 10809 Palms Blvd
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