Active

4106 Palmwood DR

LOS ANGELES CA, 90008

$6,800,000


$280.86 per sqft

Active

4 Beds

4 Baths

24,211 sqft

Multi-family

Built in 1954

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 investment activity, 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.

SB25048947MR

MLS ID

March 5, 2025

Listed

March 6, 2025

Updated

Interior Features

Total Stories

2


Bedrooms

4


Total Bathrooms

4


Laundry Description

Laundry Area


Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

0.62 Acres


Sewer

Public Sewer

Other Property Details

Area Name

Park Hills Heights


Garage

Yes


Garage Spaces

14


Parking Total

14


View

No


County

Los Angeles


Water Source

Public


Pool Features

None

Listed by Josh Cohen with Keller Williams South Bay
Listing Contact: 310-480-2130 

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Pam Lumpkin Team shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2025 Combined L.A./Westside MLS. All rights reserved.

Data last updated 3/6/2025

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