Rare opportunity to acquire a 42-unit apartment community in the highly desirable Palms area. The property is comprised of low-rise buildings featuring primarily studio and one-bedroom units, supported by a stable tenant base with many long-term residents. Situated on approximately 41,275 Sq Ft across two separate APNs, the asset offers over 350 Ft of frontage along Sepulveda Blvd, providing strong visibility and long-term positioning. Units are separately metered for gas and electricity, helping to reduce operating expenses. Additional income is generated through three on-site laundry rooms. The property includes approximately 45 parking spaces consisting of open, garage, and carport parking. A central courtyard with a swimming pool enhances tenant appeal and livability. Ideally located near major retail amenities including Trader Joe's, CVS, and the upcoming Whole Foods Market.
Property details
Bedrooms
36
Bathrooms
42
Square feet
25,050
Year built
1948
Property type
Residential Income
Lot size
41,279 sqft
Location
3585 S Sepulveda Boulevard • Los Angeles, CA 90034
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3538 Greenfield Avenue: Sold $1,449,000 · 3 bd · 2 ba · 1,249 sqft · Aug 2026 · 0.3 mi United Real Estate Professionals | DRE #01878686 Buyer's agent: Juliet Shoham, Beverly & Company Luxury Properties | DRE #01820725
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