10810 Palms Boulevard, Los Angeles, CA 90034

About this property

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.

Listing description from the March 2023 sale, as reported to CRMLS.

Sale history

$10,500,000

Sold March 2023 · listed $12,945,000, orig. $15,495,000, on market February 2023 · MLS #23243037 · Source: CRMLS

Listing Agent: James Muske · Listing Office: Coldwell Banker Realty · Contact: 310-777-6200 · Bought with: Iman Eshaghyan · Coldwell Banker Realty

$10,750,000

Sold July 2014 · listed $10,895,000, on market April 2014 · MLS #14752077 · Source: CRMLS

Listing Agent: Gary Fox · Listing Office: Miller & Desatnik Realty Co. · Contact: 310-202-9166 · Bought with: James Muske · Coldwell Banker Residential Br

$1,650,000

Sold August 2012 · on market April 2012 · MLS #12597847 · Source: CRMLS

Listing Agent: Mike Hassan · Listing Office: Coldwell Banker-BH North · Contact: 310-777-6200 · Bought with: Subscriber Non · Non-Participant Office

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