$2,199,000

4015 Palmwood Dr Los Angeles, CA 90008

Baldwin Hills Neighborhood

Estimated payment $13,778/month

15 Beds
14 Baths
9,146 Sq Ft
$240 Price per Sq Ft

Highlights

  • Gated Parking
  • Cul-De-Sac
  • Level Lot
  • No HOA
  • 5 Attached Carport Spaces

About This Home

I'm pleased to offer this prime 10 unit investment opportunity with strong growth potential in desirable Baldwin Village. Tremendous upside awaits as two units will be delivered vacant at COE. The owner currently lives in one unit and is the manager. He is leaving at the close of escrow. A professional owner/investor can start this investment off on the right foot from the close of escrow and turn it into a cash cow. There is upside rental potential as well which supports CAP rate closer to 9%. Located in Baldwin Village with close proximity to the nations first Costco-anchored mixed use development. The area is seeing lots of transformative redevelopment including the $700M Baldwin Hills Crenshaw Plaza. These projects are anticipated to bring in lots of jobs and revitalize the surrounding area. This asset features an attractive unit mix. Some units have been updated recently. The exterior of the property was painted recently. Gated parking. Units are separately metered for gas and electric. Tenants are not aware property is being sold. Please don't walk onto the property.

Listing Agent

Andrew Loeffler

Re/Max Premier Prop SanMarino Brokerage Phone: 951-741-0002 License #01193598 Listed on: 12/01/2025

Re/Max Premier Prop SanMarino

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1956

Lot Details

  • 8,103 Sq Ft Lot
  • Two or More Common Walls
  • Cul-De-Sac
  • Level Lot

Home Design

  • Apartment
  • Entry on the 1st floor

Interior Spaces

  • 9,146 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 15 Bedrooms
  • 14 Bathrooms

Parking

  • 5 Parking Spaces
  • 5 Attached Carport Spaces
  • Parking Available
  • Gated Parking
  • Assigned Parking

Utilities

  • Septic Type Unknown

Listing and Financial Details

  • Tax Lot 28
  • Tax Tract Number 19205
  • Assessor Parcel Number 5032008023
  • $1,452 per year additional tax assessments
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • 10 Units

Building Details

  • 8 Leased Units
  • Rent Control
  • 11 Separate Electric Meters
  • 11 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $600
  • Gardener Expense $1,200
  • Insurance Expense $30,000
  • Maintenance Expense $2,400
  • New Taxes Expense $27,487
  • Operating Expense $73,087
  • Gross Income $189,360
  • Net Operating Income $116,273

Property Details

Home Type

Multi-Family

Year Built

Built in 1956

Lot Details

0

Listing Details

  • CapRate: 5.28
  • Property Attached: Yes
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 5032008023
  • Year Built: 1956
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 240.43

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 5.00
  • Parking: Yes
  • Parking Features: Assigned, Attached Carport, Gated
  • Total Parking Spaces: 5.00

Utilities

  • Laundry: No
  • Sewer: Unknown

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Cul-De-Sac, Level with Street, Lot 6500-9999, Level
  • Lot Size Sq Ft: 8103.00
  • Lot Size Acres: 0.1860

Rental Info

  • Tenant Pays: Electricity, Gas, Telephone

Multi Family

  • Electric Expense: 600.00
  • Gross Income: 189360.00
  • Gross Multiplier: 11.61
  • Gross Operating Income: 189360.00
  • Gross Scheduled Income: 189360.00
  • Insurance Expense: 30000.00
  • Lot Size Area: 8103.0000 Square Feet
  • Maintenance Expense: 2400.00
  • Net Operating Income: 116273.00
  • Number Of Separate Electric Meters: 11
  • Number Of Separate Gas Meters: 11
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 8
  • Number Of Units Total: 10
  • Operating Expense: 73087.00
  • Rent Control: Yes
  • Total Expenses: 73087.00

Tax Info

  • New Taxes Expense: 27487.00
  • Tax Lot: 28
  • Tax Tract Number: 19205
  • TaxOtherAnnualAssessmentAmount: 1452.00

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

Property History

Date Event Price List to Sale Price per Sq Ft
12/01/2025 12/01/25 For Sale $2,199,000 -- $240 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR25266100

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Los Angeles 90008 Baldwin Hills

4015 Palmwood Dr, Los Angeles, CA

For Sale

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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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Andrew Loeffler
Listing Agent
Andrew Loeffler
Section Image
Re/Max Premier Prop SanMarino
(951) 741-0002