Seller's Agent in 2021
Steffan Braunlich
Berkadia
(310) 209-3209
1 in this area
19 Total Sales
44
Beds
44
Baths
18,344
Sq Ft
0.57
Acres
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.
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
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Home Values in the Area
Average Home Value in this Area
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
| 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 | $107,435 | $8,821,821 | $7,057,457 | $1,764,364 |
| 2024 | $107,435 | $8,648,845 | $6,919,076 | $1,729,769 |
| 2023 | $105,379 | $8,479,260 | $6,783,408 | $1,695,852 |
| 2022 | $100,546 | $8,313,000 | $6,650,400 | $1,662,600 |
| 2021 | $63,480 | $5,102,318 | $4,041,440 | $1,060,878 |
| 2020 | $64,110 | $5,063,200 | $4,000,000 | $1,063,200 |
| 2019 | $23,625 | $1,726,719 | $870,770 | $855,949 |
| 2018 | $23,223 | $1,693,122 | $853,697 | $839,425 |
| 2016 | $22,012 | $1,614,691 | $820,548 | $794,143 |
| 2015 | $21,727 | $1,590,438 | $808,223 | $782,215 |
| 2014 | $22,098 | $1,559,285 | $792,392 | $766,893 |
Source: Public Records
Agents Affiliated with this Home
-
Steffan Braunlich
-
Jon Swire
Buyer's Agent in 2021
Jon Swire
The Agency
(310) 948-2631
2 in this area
34 Total Sales
Source: The MLS
MLS Number: 20-661286
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© 2026 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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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