10810 Palms Blvd, Los Angeles, Los Angeles County, CA, 90034 Los Angeles CA US

USD 15,495,000

For Sale MLS: 23-243037

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Property Details

Bedrooms

Bathrooms

Neighborhood

Palms

Property Type

MultiFamily

Description

Extremely well-maintained 25-unit building has oversized units with stunning contemporary interiors, polished concrete floors & modern condo-quality designer finishes. Wonderful open floorplans, gourmet kitchens, custom countertops, designer cabinetry, stainless steel appliances, washer & dryer in every unit, and most have large balconies. On-site fitness center, rooftop lounge with views, beautiful landscaping, electronic phone-activated entry system, pre-wired for broadband and networking. Solar power for house electric. RUBS for gas, water, sewer, trash and recycling. RUBS is grandfathered in for this building. MAJOR UPSIDE POTENTIAL FOR RAISING CAP RATE. Rents have not been raised in approximately three and a half years. 40% of the building is currently eligible for 10% rent increases which will raise the Cap Rate. This building is NOT rent controlled, so rents can be raised more than 10%. Seller owns all appliances, including washer/dryers, microwaves, range/ovens, dishwashers and refrigerators. Beautiful, clean building, convenient location. True pride of ownership. Find out more about this property. Request details here

Location

Address

10810 Palms Boulevard, Los Angeles, California 90034, United States

City

Los Angeles

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