Listed by James Muske with Coldwell Banker Realty

10810 Palms Boulevard

Los Angeles, CA, 90034

$12,945,000

$507 per ft²
$12,945,000
$507 per ft²
Active
Active
 - For Sale
beds
24 Beds
baths
25 Baths
carpenters-square
25,524 ft²
property_type
Multi-family
calendar
Built 2013
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.
MLS® ID:
23243037
Listed:
2/17/23
Updated:
3/30/23
RE/MAX Estate Properties
Cecily Lee
Office: (310) 990-4857Email: cecilyalee@outlook.com

Interior Features

Kitchen Appliances
Built-In, Dishwasher, Disposal, Microwave, Oven, Range, Dryer, Washer
Total Bedrooms
24
Total Bathrooms
25
Cooling
Central Air
Heating
Central

Exterior/Building Features

Lot Size
0.34 acres lot
Exterior Features
Rooftop
Architectural Style
Contemporary
Sewer
Other

Other Property Details

Area Name
C13 - Palms - Mar Vista
Garage
No
Parking
Assigned, Controlled Entrance, Private
Parking Total
25.0
View
Y
County
Los Angeles
Pool
No
Total Stories
4
Zoning
LAR3
Buyer Agency Compensation
1.500

Property History

Date
Event
Price
Value
3/6/23
Pending
-
-
3/14/23
Price Change
$12,945,000
-16%
3/14/23
Active
-
-

Listing Contact:  

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/30/23. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

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Data last updated on 3/30/23 at 7:26 AM UTC

RE/MAX Estate Properties
Cecily Lee
Office: (310) 990-4857Email: cecilyalee@outlook.com
Contact