NOT LISTED FOR SALE

Los Angeles, CA 90008

Baldwin Hills Neighborhood
44 Beds
44 Baths
18,344 Sq Ft
0.57 Acres

Last Sold April 09, 2021

Last sale price $8,150,000 $444 Per Sq Ft

92 Days on Market

Highlights

  • In Ground Pool
  • Contemporary Architecture
  • Resident Manager or Management On Site
  • 0.57 Acre Lot
  • Skylights
  • Ceiling Fan

About This Home

As of April 2021

$220,000 Price Reduction. Offering Memorandum available in documents. Originally built in 1962, and renovated in 2020, the Palms on August are located at 5005 August Street in the Baldwin Village neighborhood, adjacent to the Culver City submarket. Consisting of 44 units, the apartment complex totals 18,344 square feet of building area on a 24,615 square foot corner lot with alley access. Current ownership has spent $1.4 million renovating and rebranding the property inside and out resulting in a best-in-class asset highlighting the 1960s modernism design. The refreshed styling is highlighted with a new paint scheme, new signage, new windows and new landscaping.

Last Agent to Sell the Property

Steffan Braunlich

Berkadia License #01859098 Listed on: 11/15/2020

Last Buyer's Agent

Jon Swire

The Agency License #01336277

The Agency

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962 | Remodeled

Lot Details

  • 0.57 Acre Lot
  • Lot Dimensions are 181x135
  • South Facing Home
  • Gated Home

Home Design

  • Contemporary Architecture

Interior Spaces

  • 18,344 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Skylights

Kitchen

  • Oven or Range
  • Microwave

Bedrooms and Bathrooms

  • 44 Bedrooms
  • 44 Bathrooms

Home Security

  • Security Lights
  • Fire Sprinkler System

Parking

  • 37 Car Garage
  • Auto Driveway Gate
  • Assigned Parking

Pool

  • In Ground Pool
  • Fence Around Pool

Utilities

  • Heating System Mounted To A Wall or Window

Community Details

  • 44 Units
  • Laundry Facilities
  • Resident Manager or Management On Site

Listing and Financial Details

  • Assessor Parcel Number 5030-001-016

Property Details

Home Type

Multi-Family

Year Built

Built in 1962 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: Contemporary
  • Living Area: 18344
  • Lot Acreage: 0.5651
  • Lot Dimensions: 181x135
  • Property Condition: Updated/Remodeled
  • Stories: 2
  • Year Built: 1962
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 44
  • Laundry: Community
  • Total Bathrooms: 44.00
  • Equipment: Ceiling Fan, Microwave, Refrigerator, Range/Oven
  • Price Per S Q F T: 462.00
  • Windows: Skylights

Exterior Features

  • Direction Faces: South
  • Other Structures: None
  • Pool Description: Fenced
  • Pool: Yes

Garage/Parking

  • Parking Garage: Private Garage, Assigned, Driveway Gate
  • Total Parking: 37

Utilities

  • Heating: Wall
  • Security: Exterior Security Lights, Fire and Smoke Detection System, Gated, Resident Manager

Lot Info

  • Assessed Improvement Percent: 49.18
  • Assessed Improvement Value: 810025
  • Assessed Land Percent: 50.82
  • Assessed Land Value: 836958
  • Total Assessed Value: 1646983
  • Assessor Parcel Number: 5030-001-016
  • Lot Size Area: 24615

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 12.81
  • Number Of Units: 44
  • Type Of Units: Apartments
  • Vacancy Allow Percent: 3.00

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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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
04/09/2021 04/09/21 Sold $8,150,000 -3.8% $444 / Sq Ft
02/15/2021 02/15/21 Pending -- -- --
01/12/2021 01/12/21 Price Changed $8,475,000 -2.5% $462 / Sq Ft
11/15/2020 11/15/20 For Sale $8,695,000 -- $474 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Steffan Braunlich

    Seller's Agent in 2021

    Steffan Braunlich

    Berkadia

    (310) 209-3209

    1 in this area

    19 Total Sales

    Steffan Braunlich
    Section Image
  • Jon Swire

    Buyer's Agent in 2021

    Jon Swire

    The Agency

    (310) 948-2631

    2 in this area

    34 Total Sales

    Jon Swire
    Section Image
See All Agents

Source: The MLS

MLS Number: 20-661286

The MLS
California Los Angeles County Los Angeles 90008

Baldwin Hills

Not Listed for Sale

MultiFamily

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