4106 Palmwood Drive

Los Angeles, CA 90008

$6,800,000
Price
4
Beds
36
Baths
24,211 Sq. Ft.
$281 / Sq. Ft.
24,211
Sq. Ft.
$281
per Sq. Ft.

Description

We are pleased to present our latest multifamily investment opportunity, The Palmwood Collection. This cluster of mutlifamily properties is in Baldwin Village, located at 4106, 4112, and 4142 Palmwood Drive. 34 units in total, this investment is priced at a blended 7.12% Cap Rate and 9.27 GRM, with projected rental upside of about 18% for a new owner. In addition, there are RTI permits to add four ADU's in some of the existing garage space, allowing a Buyer to continue adding value above. The buildings...We are pleased to present our latest multifamily investment opportunity, The Palmwood Collection. This cluster of mutlifamily properties is in Baldwin Village, located at 4106, 4112, and 4142 Palmwood Drive. 34 units in total, this investment is priced at a blended 7.12% Cap Rate and 9.27 GRM, with projected rental upside of about 18% for a new owner. In addition, there are RTI permits to add four ADU's in some of the existing garage space, allowing a Buyer to continue adding value above. The buildings are on separate parcels, providing a future owner the ability to sell individually to help avoid ULA Tax (Buyer to verify). Acquiring three properties all within walking distance on the same street affords an investor the ability to cut down on operational overhead, bolstering NOI. The units are comprised of: (1) 3 bed unit, (31) 1 bed units, and (2) Studio units, many of which have attractive kitchen and bathroom finishes. Most of the units are rented to established Section 8 tenants. The Palmwood Collection is surrounded by terrific amenities, allowing tenants to accomplish most errands and daily tasks on foot, cutting down on the need for parking. Transit options are also exceptional, with terrific access to bus stops and metro rail lines. The Baldwin Village area is experiencing a resurgence of investment
activity, in addition to nearby Culver City and West Adams. Spurred by many transit- oriented developments, there are north of $5B in recent nearby developments that will transform the area for years to come.
  1. Listed by Josh Cohen • DRE #01346713 • Brokerage DRE #01854035 • Keller Williams South Bay • 310-480-2130

Property Details for 4106 Palmwood Drive

Parking Spaces Total
14
Private Pool
No
Total Units
34.0
Building Type
Attached
Lot Size Source
Public Records
Living Area
24211
Assessor Parcel Number
5032-009-010
Property Attached YN
true
LISTING UPDATED: 03/05/2025 08:27 AM

Property Details for 4106 Palmwood Drive

StatusActive
MLS #SB25048947
Days on Market15
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1954
CountyLos Angeles County

Building Information for 4106 Palmwood Drive

Building/Complex4106 Palmwood DrFloor-Stories2Residences-Pet Policy-Pet Policy Details-Year Built1954Building Size-

Property Information for 4106 Palmwood Drive

Income / Expense / Tax Details
Income Details
  • Gross Income: $733,697
  • Gross Scheduled Income: $733,697
  • Net Operating Income: $484,289
  • Other Income Description: Contact for more inc/exp info
  • Gross Multiplier: 9.27
  • Cap Rate: 7.12
Expense Details
  • Operating Expense: $232,241
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $0
  • Professional Management Expense: $0
  • Other Expense: $232,241
  • Other Expense Description: Contact
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $232,241
Tax / Assessment Info
  • Tax Tract Number: 19205
  • CFD/Mello-Roos Fee: $5,203
  • Tax Lot: 10
Community / Development
Community / Development
  • Community Features: Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Common Area
Exterior Features
  • Entry Location: Front
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Additional Parcels Description: 5032010005, 5032009011
  • Lot Features: Level with Street
  • Number Of Units: 34
  • Land Lease: No
  • Land Lease Type: Fee
  • Topography: Level
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 14
  • Parking Garage Spaces: 14
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 30
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $52,187
  • Unit Type Total Rent: $52,187
  • Unit Type Pro Forma: 63050
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $5,600
  • Unit Type Total Rent: $5,600
  • Unit Type Pro Forma: 6000
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $3,354
  • Unit Type Total Rent: $3,354
  • Unit Type Pro Forma: 3390
  • Unit Type Type: 3
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 3
  • Number Of Separate Electric Meters: 37
  • Number Of Separate Gas Meters: 37
  • Number Of Separate Water Meters: 3

Property History for 4106 Palmwood Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 4106 Palmwood Drive

Taxable ValueLand$928,467Additions$348,173Total$1,276,640
Tax Record2024$16,604 ($1,384 / month)
Home Facts
Total Finished SqFt7,054 SqFtAbove Grade Finished SqFt7,054 SqFtLot Size8,085 SqFtStyleMulti-Family Res (5+ Units)Year Built1954ZoningLAR3CountyLOS ANGELESAPN5032-009-010

Schools near 4106 Palmwood Drive

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Charter - 5 to 8
Public - 9 to 12
Public - K to 12
Rating
School
Distance
Hillcrest Drive Elementary School
PublicK to 5

Stella Middle Charter Academy
Charter5 to 8

Susan Miller Dorsey Senior High School
Public9 to 12

Marlton School
PublicK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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4106 Palmwood Drive is a multi-family home for sale in Los Angeles, CA 90008. This property was listed for sale on March 5, 2025 by Keller Williams South Bay, it's currently listed at $6,800,000. It has been on the market for a total of 15 days and was last sold on September 18, 2015. This listing's school district is Los Angeles Unified School District. Nearby schools include Hillcrest Drive Elementary School, Stella Middle Charter Academy and Susan Miller Dorsey Senior High School. 4106 Palmwood Drive is a 4-bed, 36-bath, 24,211 sqft multi-family home built in 1954.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams South Bay, Josh Cohen, DRE #01346713

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.