10603 Palms Boulevard, Palms, CA 90034

About this property

HUGE PRICE IMPROVEMENT!! Ocean Palisades Property is proud to present an exceptional investment opportunity in the heart of West Los Angeles boasting an impressive cap rate of 4.48%. This property offers a rare chance for owner-users to capitalize on its advantageous features, including a separate house within the premises. Extensive remodeling has been undertaken, resulting in a meticulously updated property that is sure to impress. Comprising the main residence, a 3-bedroom, 1-bath house, with the added bonus of a non-conforming bedroom along with a separate structure housing four units, each consisting of 2 bedrooms and 1.5 bathrooms. The units have been thoughtfully equipped with amenities, including window air conditioning, individual hot water heaters, new windows, and stylishly designed kitchens featuring new cabinets, quartz countertops, and mosaic backsplashes. Additionally, the units showcase the allure of new hardwood/laminate floors, stackable washer dryers, energy-efficient stainless steel appliances, and private patios. These lavish units also boast elegantly tiled bathrooms, exceptionally spacious closets, and the convenience of 10 parking spaces, further enhancing their desirability. This prime property in West Los Angeles offers an impressive cap rate alongside an opportunity for owner-users to capitalize on its alluring features. ADU opportunity!!

Listing description from the May 2024 sale, as reported to CRMLS.

Sale history

$2,360,000

Sold May 2024 · listed $2,500,000, orig. $2,900,000, on market January 2023 · MLS #SB23022201 · Source: CRMLS

Listing Agent: Yoko Shishido · Listing Office: Ocean Palisades Realty, Inc. · Contact: 310-910-3553 · Bought with: Yewmeng Lee · GLOBAL HOMES NETWORK

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