10810 Palms Boulevard

Los Angeles, CA 90034

$10,500,000
Last Sold Price
24
Beds
25
Baths
25,524 Sq. Ft.
$411 / Sq. Ft.
25,524
Sq. Ft.
$411
per Sq. Ft.

Description

Extremely well-maintained 25-unit building has oversized units with stunning contemporary interiors, polished concrete floors & modern condo-quality designer finishes. Wonderful open floorplans, gourmet kitchens, custom countertops, designer cabinetry, stainless steel appliances, washer & dryer in every unit, and most have large balconies. On-site fitness center, rooftop lounge with views, beautiful landscaping, electronic phone-activated entry system, pre-wired for broadband and networking. Solar...Extremely well-maintained 25-unit building has oversized units with stunning contemporary interiors, polished concrete floors & modern condo-quality designer finishes. Wonderful open floorplans, gourmet kitchens, custom countertops, designer cabinetry, stainless steel appliances, washer & dryer in every unit, and most have large balconies. On-site fitness center, rooftop lounge with views, beautiful landscaping, electronic phone-activated entry system, pre-wired for broadband and networking. Solar power for house electric. RUBS for gas, water, sewer, trash and recycling. RUBS is grandfathered in for this building. Major upside potential for raising cap rate. Rents have not been raised in approximately three and a half years. 40% of the building is currently eligible for 10% rent increases which will raise the Cap Rate. This building is NOT rent controlled, so rents can be raised more than 10%. Seller owns all appliances, including washer/dryers, microwaves, range/ovens, dishwashers and refrigerators. Beautiful, clean building, convenient location. True pride of ownership.
  1. Listed by James Muske • DRE #00758095 • Brokerage DRE #01464847 • Coldwell Banker Realty

Property Details for 10810 Palms Boulevard

Zoning
LAR3
Style
Contemporary
Parcel Number
4252037042
Total Units
25.0
Living Area
25524
Source Living Area
Appraiser
Area
Palms - Mar Vista (C13)
Vacancy Rate
0

Location

Listing Courtesy of Coldwell Banker Realty, James Muske, DRE #00758095

Sold By Coldwell Banker Realty, Iman Eshaghyan, DRE #01494608; Coldwell Banker Realty, Mina Eshaghyan, DRE #02002883

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LISTING UPDATED: 04/03/2023 09:59 AM

Property Details for 10810 Palms Boulevard

StatusSold
MLS #23-243037
Days on Market27
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built2013
Lot Size0.34 AC / 14,637 SF
CountyLos Angeles County

Location

Listing Courtesy of Coldwell Banker Realty, James Muske, DRE #00758095

Sold By Coldwell Banker Realty, Iman Eshaghyan, DRE #01494608; Coldwell Banker Realty, Mina Eshaghyan, DRE #02002883

Add your commute

Building Information for 10810 Palms Boulevard

Stories4Residences-Year Built2013Building Size-Lot Size0.34 AC / 14,637 SF

Payment Calculator

$69,960 per month

30 year fixed, 7.25% Interest

Principal and Interest

$57,303

Property Taxes

$12,657

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 10810 Palms Boulevard

Community / Development
Community / Development
  • Number Of Units: 25
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 4
  • Number Of Buildings: 1
  • Type Of Units: Apartment
  • View: Yes
  • View Description: City
  • View: City Lights
  • Security Features: Card/Code Access
  • Sewer: In Street
  • Building Permit: Yes
Contract Info
Contract Info
  • Probate: No
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $709,320
  • Net Operating Income: $535,143.00
  • Gross Income: $709,320
  • Cap Rate: 4.14%
  • Gross Rent Multiplier: $18.25
  • Actual Gross Annual Income: $709,320
  • Owner Pays: Gardener
  • Total Annual Expense: 174177
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.336
  • Lot Size Square Feet: 14637
Parking Details
Parking Details
  • Parking Garage: Controlled Entrance, Private, Assigned
  • Total Parking: 25
  • Parking Features: Controlled Entrance, Private, Assigned
Interior Features
Interior Features
  • Cooling: Central Air
  • Cooling Type: Central
  • Heating: Central
  • Heating Type: Central
  • Flooring: Other
  • Equipment: Built-Ins, Dishwasher, Garbage Disposal, Microwave, Range/Oven, Washer, Dryer
  • Interior Features: Built-Ins
  • Cooking Appliances: Microwave, Built-Ins, Oven, Range
  • Laundry: In Unit
Exterior Features
Exterior Features
  • Patio Features: Roof Top Deck
  • Entry Location: Main Level
  • New Construction: No
  • Other Structural Features: Balcony, Sliding Glass Doors, Custom Built
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 02-18-2023
  • Rent Control: No
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,187.00
  • Unit Actual Rent: $52,510.00
  • Unit Projected Rent: $52,510.00
  • Like Units: 24
Unit 2 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $550.00
  • Unit Actual Rent: $6,600.00
  • Unit Projected Rent: $6,600.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Percent: 34.88
  • Assessed Land Percent: 65.12

Property History for 10810 Palms Boulevard

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 10810 Palms Boulevard

Taxable ValueLand$8,086,267Additions$4,331,925Total$12,418,192
Tax Record2023$151,884 ($12,657 / month)
Home Facts
Total Finished SqFt25,360 SqFtAbove Grade Finished SqFt25,360 SqFtLot Size14,637 SqFtStyleMulti-Family Res (5+ Units)Year Built2013ZoningLAR3CountyLOS ANGELESAPN4252-037-042

Schools near 10810 Palms Boulevard

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - 6 to 12
Rating
School
Distance
Charnock Road Elementary School
PublicK to 5

Palms Middle School
Public6 to 8

Venice Senior High School
Public9 to 12

Magnolia Science Academy 4 School
Charter6 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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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. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Coldwell Banker Realty, James Muske, DRE #00758095

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.