4112 Palmwood Drive,  Los Angeles CA, 90008 (Residential Income)

7,050 sqft
Status: Sold
MLS#: SB15149153
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Last Updated: 12/7/2016 5:43 PM
Description for 4112 Palmwood Drive Los Angeles, CA 90008
We are pleased to present 4112-4114 Palmwood Drive, a 10 unit apartment complex in Baldwin Village neighborhood of Los Angeles, California. The subject property comprises ten one bedroom, one bathroom units. The property features on-site parking and laundry for the tenant’s convenience. All units are individually metered for gas and electricity. The local neighborhood is a historically strong rental market ideally positioned for continued and future gentrification due to its close proximity to other desirable areas such as West Los Angeles, Culver City, and Mid-Wilshire. The Baldwin Village neighborhood is experiencing a tremendous amount of redevelopment, as highlighted by three prominent examples: the Crenshaw/MLK subway station is slated to open in 2019 just two blocks east of the subject; the Kaiser Permanente Outpatient Medical Facility - Baldwin Hills MOB is currently under construction on Santa Rosalia Drive immediately east of the subject street; the Baldwin Hills Crenshaw Plaza, located a few blocks from the subject is at this point slated to be redeveloped by 2020 with a new Macy's as its anchor, a retail village and a variety of mixed-use buildings, all in an open, pedestrian-friendly paseo layout.
Price
Sold Price:
$1,120,000
Sold Date:09/23/2015
Los Angeles
7,050 (approx)
SB15149153
Closed
Description
We are pleased to present 4112-4114 Palmwood Drive, a 10 unit apartment complex in Baldwin Village neighborhood of Los Angeles, California. The subject property comprises ten one bedroom, one bathroom units. The property features on-site parking and laundry for the tenant’s convenience. All units are individually metered for gas and electricity. The local neighborhood is a historically strong rental market ideally positioned for continued and future gentrification due to its close proximity to other desirable areas such as West Los Angeles, Culver City, and Mid-Wilshire. The Baldwin Village neighborhood is experiencing a tremendous amount of redevelopment, as highlighted by three prominent examples: the Crenshaw/MLK subway station is slated to open in 2019 just two blocks east of the subject; the Kaiser Permanente Outpatient Medical Facility - Baldwin Hills MOB is currently under construction on Santa Rosalia Drive immediately east of the subject street; the Baldwin Hills Crenshaw Plaza, located a few blocks from the subject is at this point slated to be redeveloped by 2020 with a new Macy's as its anchor, a retail village and a variety of mixed-use buildings, all in an open, pedestrian-friendly paseo layout.
Listing Information
Property Type: Cluster, Other
0.19 Acres 8,087 sq.ft. 7,050 (approx)
$158.87 1954
Public Water Service
Sewer at Street
10 Total
Neighborhood
Room Information
Exterior / Lot Features
10 Parking Spaces
None
No Pool
Urban
Financial Considerations
5032009011
$118,848 Income ,$50,268Expense
Listing Price History

Los Angeles Real Estate

Los Angeles is located in California. Los Angeles, California 90008 has a population of 3,804,503.

The median household income in Los Angeles, California 90008 is $49,745. The median household income for the surrounding county is $56,241 compared to the national median of $53,046. The median age of people living in Los Angeles 90008 is 34.1 years.

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Courtesy: Keller Williams Beach Cities Josh Cohen
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