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13-Units in Prime West LA 1218 Armacost Ave 13 Unit Apartment Building $5,848,016 CAD ($449,847 CAD/Unit) 4.20% Cap Rate Los Angeles, CA 90025
Investment Highlights
- Highly desirable West Los Angeles neighborhood with strong rental demand and proximity to Santa Monica, Brentwood, and Century City
- Upgraded electrical systems and separately metered gas and electric reduce owner operating expenses and simplify utility management
- The property features 12 on-site parking spaces and a shared laundry facility, covering the key amenities renters prioritize
- Blocks from Sawtelle Japantown and minutes to UCLA and Westwood Village — two of the Westside's strongest tenant demand drivers
- Quality landscaping and solid curb appeal enhance tenant retention and overall property presentation
- First time on the market in over 24 years
Executive Summary
The SR Group of Marcus & Millichap, as the exclusive listing agent, is pleased to offer for sale Armacost Palms, a 13-unit apartment community located at 1218 Armacost Avenue in the heart of West Los Angeles. This two-story, 6,511-square-foot building sits on a generous 10,479-square-foot lot, offering strong density and future flexibility.
The property features a unit mix of twelve one-bedroom/one-bath and one two-bedroom/one-bath apartments, with upgraded electrical systems, separate gas and electric meters for each unit, on-site laundry, and 12 parking spaces. Well-maintained landscaping enhances the property’s curb appeal and tenant experience.
Armacost Palms is ideally positioned just blocks from Sawtelle Japantown — one of LA’s most popular dining and cultural destinations — and minutes from UCLA, Westwood Village, and the shopping and employment centers of Century City, Brentwood, and Santa Monica. Residents enjoy walkable access to restaurants, cafes, grocery stores, and daily conveniences along Wilshire Boulevard and Bundy Drive.
Armacost Palms presents a compelling opportunity to acquire a well-maintained, income-producing asset in a supply-constrained West LA submarket. Individually metered utilities, upgraded infrastructure, and enduring neighborhood demand position this property for durable cash flow and long-term appreciation.
PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT THE LISTING TEAM FOR DETAILS.
The property features a unit mix of twelve one-bedroom/one-bath and one two-bedroom/one-bath apartments, with upgraded electrical systems, separate gas and electric meters for each unit, on-site laundry, and 12 parking spaces. Well-maintained landscaping enhances the property’s curb appeal and tenant experience.
Armacost Palms is ideally positioned just blocks from Sawtelle Japantown — one of LA’s most popular dining and cultural destinations — and minutes from UCLA, Westwood Village, and the shopping and employment centers of Century City, Brentwood, and Santa Monica. Residents enjoy walkable access to restaurants, cafes, grocery stores, and daily conveniences along Wilshire Boulevard and Bundy Drive.
Armacost Palms presents a compelling opportunity to acquire a well-maintained, income-producing asset in a supply-constrained West LA submarket. Individually metered utilities, upgraded infrastructure, and enduring neighborhood demand position this property for durable cash flow and long-term appreciation.
PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT THE LISTING TEAM FOR DETAILS.
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Property Facts
| Price | $5,848,016 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $449,847 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.24 AC |
| Cap Rate | 4.20% | Building Size | 6,511 SF |
| Gross Rent Multiplier | 13.66 | Average Occupancy | 100% |
| No. Units | 13 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1956 |
| Property Subtype | Apartment | Parking Ratio | 1.84/1,000 SF |
| Zoning | LAR3 | ||
| Price | $5,848,016 CAD |
| Price Per Unit | $449,847 CAD |
| Sale Type | Investment |
| Cap Rate | 4.20% |
| Gross Rent Multiplier | 13.66 |
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.24 AC |
| Building Size | 6,511 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1956 |
| Parking Ratio | 1.84/1,000 SF |
| Zoning | LAR3 |
Amenities
Unit Amenities
- Storage Space
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 12 | - | - |
| 2+1 | 1 | - | - |
1 1
Walk Score®
Very Walkable (89)
Bike Score®
Very Bikeable (74)
Property Taxes
| Parcel Number | 4263-007-080 | Improvements Assessment | $884,215 CAD |
| Land Assessment | $2,009,594 CAD | Total Assessment | $2,893,809 CAD |
Property Taxes
Parcel Number
4263-007-080
Land Assessment
$2,009,594 CAD
Improvements Assessment
$884,215 CAD
Total Assessment
$2,893,809 CAD
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13-Units in Prime West LA | 1218 Armacost Ave
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