$2,079,000

Estimated payment $11,980/month

Total Views 184
8 Beds
8 Baths
3,408 Sq Ft
$610 Price per Sq Ft

Highlights

  • Balcony
  • Intercom
  • Ceiling Fan
  • Venice High School Rated A
  • Card or Code Access
  • 1 Car Garage

About This Home

Very well-maintained, very well-located 4-unit investment, in the heart of West LA's Palms submarket. Townhouse-style, 2-story, 2 Bed/1.5Bath units above an on-grade concrete parking structure. Units are almost 900 sq. ft. each. All units have a dedicated, separate, large storage room, as well. On-site laundry facilities and a communal patio area in the rear. Intercom entry and electronically-accessed parking. All units have 2 parking spaces. Roof is newer. An above average rental option that will command a top-of-the-market rent - especially with some updating as units turnover. Long-term, local ownership has not been aggressive, admittedly. Current rents are $2,100-$2,400 each - proforma rents of over $3,000 each could be within reach. 33% unrealized upside. The units' spacious, split layouts are ideal for a work-at-home renter or families.

Listing Agent

Brice W. Head, MBA

CBRE, Inc. License #01330706 Listed on: 08/09/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,823

Year Built

  • Built in 1987

Lot Details

  • 4,599 Sq Ft Lot
  • Lot Dimensions are 40x112

Parking

  • 1 Car Garage

Interior Spaces

  • 3,408 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Intercom

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Additional Features

  • Balcony
  • Heating System Mounted To A Wall or Window

Community Details

  • 4 Units
  • Card or Code Access

Listing and Financial Details

  • Assessor Parcel Number 4254-023-008

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,823

Year Built

Built in 1987

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Advertising Remarks: Very well-maintained, very well-located 4-unit investment, in the heart of West LA's Palms submarket. Townhouse-style, 2-story, 2 Bed/1.5Bath units above an on-grade concrete parking structure. Units are almost 900 sq. ft. each. All units have a dedicated, separate, large storage room, as well. On-site laundry facilities and a communal patio area in the rear. Intercom entry and electronically-accessed parking. All units have 2 parking spaces. Roof is newer. An above average rental option that will command a top-of-the-market rent - especially with some updating as units turnover. Long-term, local ownership has not been aggressive, admittedly. Current rents are $2,100-$2,400 each - proforma rents of over $3,000 each could be within reach. 33% unrealized upside. The units' spacious, split layouts are ideal for a work-at-home renter or families.
  • Living Area: 3408
  • Lot Acreage: 0.1056
  • Lot Dimensions: 40x112
  • Stories: 1
  • Year Built: 1987
  • Number Of Photos: 7
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 8
  • Total Bathrooms: 8.00
  • Equipment: Intercom, Ceiling Fan
  • Price Per S Q F T: 610.04

Exterior Features

  • Other Features: Balcony
  • Other Structures: None

Garage/Parking

  • Other Spaces: 4
  • Covered Parking: 4
  • Parking Garage: Private Garage
  • Total Parking: 1

Utilities

  • Cooling: Ceiling Fan
  • Heating: Wall
  • Security: Card/Code Access

Lot Info

  • Assessed Improvement Percent: 70.94
  • Assessed Improvement Value: 432792
  • Assessed Land Percent: 29.06
  • Assessed Land Value: 177251
  • Total Assessed Value: 610043
  • Assessor Parcel Number: 4254-023-008
  • Lot Size Area: 4599

Rental Info

  • Total Actual Rent: 110400.00

Multi Family

  • Unit Type: 2106
  • Gross Rent Multiplier: 18.80
  • Number Of Units: 4
  • Total Annual Expense: 43615
  • Type Of Units: 4
  • Vacancy Rate: 0

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $7,823 $622,243 $180,796 $441,447
2024 $7,823 $610,043 $177,251 $432,792
2023 $7,681 $598,082 $173,776 $424,306
2022 $7,339 $586,356 $170,369 $415,987
2021 $7,232 $574,860 $167,029 $407,831
2019 $7,023 $557,812 $162,076 $395,736
2018 $6,926 $546,876 $158,899 $387,977
2016 $6,599 $525,642 $152,730 $372,912
2015 $6,506 $517,747 $150,436 $367,311
2014 $6,552 $507,606 $147,490 $360,116
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/09/2025 08/09/25 For Sale $2,079,000 -- $610 / Sq Ft
Source: The MLS

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- Equity Title Company
Grant Deed $397,500 Equity Title Company
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $700,000 New Conventional
Closed $700,000 New Conventional
Closed $641,650 Unknown
Closed $350,000 No Value Available
Closed $318,000 No Value Available
Source: Public Records

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Source: The MLS

MLS Number: 25578369

The MLS

APN: 4254-023-008