Property listed by Marcus & Millichap, Sean Rosenzweig 310-909-5500
$4,299,000
We are pleased to offer for sale Armacost Palms, a 13-unit apartment community located at 1218 Armacost Avenue in the heart of West Los Angeles. This two-story, 6,511-square-foot building sits on a generous 10,479-square-foot lot, offering strong density and future flexibility. The property features a unit mix of twelve one-bedroom/one-bath… Read More and one two-bedroom/one-bath apartments, with upgraded electrical systems, separate gas and electric meters for each unit, on-site laundry, and 12 parking spaces. Well-maintained landscaping enhances the property's curb appeal and tenant experience. Armacost Palms is ideally positioned just blocks from Sawtelle Japantown - one of LA's most popular dining and cultural destinations - and minutes from UCLA, Westwood Village, and the shopping and employment centers of Century City, Brentwood, and Santa Monica. Residents enjoy walkable access to restaurants, cafes, grocery stores, and daily conveniences along Wilshire Boulevard and Bundy Drive. Armacost Palms presents a compelling opportunity to acquire a well-maintained, income-producing asset in a supply-constrained West LA submarket. Individually metered utilities, upgraded infrastructure, and enduring neighborhood demand position this property for durable cash flow and long-term appreciation. PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT THE LISTING TEAM FOR DETAILS. Read Less
Listing Snapshot
Days Online
8
Last Updated
Beds
14
Square Ft.
6,511
Lot Size
0.24 Acres
Year Built
1956
MLS Number
26663683
Additional Details
Building
Built in 1956, Living area: 6511.0, 1 building, 2 stories, Levels: Two
Income
Gross Income: $314,615, Net Operating Income: $180,596
Lot
0.2406 acres
Parking
12 total parking spaces, Covered
Taxes
Parcel Number: 4263007080, Zoning: LAR3
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Based on information from California Regional Multiple Listing Service, Inc. as of 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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