$3,200,000
$3,325,000
3.8%For more information regarding the value of a property, please contact us for a free consultation.
16 Beds
14 Baths
9,198 SqFt
SOLD DATE : 08/18/2023
Key Details
Sold Price $3,200,000
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
Square Footage 9,198 sqft
Price per Sqft $347
MLS Listing ID 23289303
Sold Date 08/18/23
Bedrooms 16
HOA Y/N No
Year Built 1970
Lot Size 7,400 Sqft
Property Description
10930 Palms Blvd. is a 10 unit multi-family property in a prime Palms location on the corner of Palms Blvd. & Veteran Ave. The subject property which was constructed in 1970 is located adjacent to Culver City, north of Venice Blvd. and west of Overland. The property has an excellent unit mix of (2) studio, (2) 1 BR + 1 Bath, (2) 2 BR + 1 Bath & (4) 2 BR + 2 bath units. The property is a quintessential value-add opportunity with the current rents well below market. This ALL ELECTRIC property is a large two story building of approximately 9,188 SqFt. The size of the lot is approximately 7,407 SqFt and is zoned LAR3. The soft story work for the tucked under parking has already been completed. This large 10 unit multi-family asset will pay long-term dividends to any savvy multi-family investor.
Location
State CA
County Los Angeles
Area C13 - Palms - Mar Vista
Zoning LAR3
Interior
Heating Radiant
Fireplace No
Appliance Dishwasher
Exterior
Parking Features Driveway Down Slope From Street
Total Parking Spaces 14
Building
Story 2
New Construction No
Others
Senior Community No
Tax ID 4252017034
Special Listing Condition Standard
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Bought with Errol Spiro Miller & Desatnik Realty Co.
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