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10810 Palms Blvd, Los Angeles, CA 90034
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10810 Palms Blvd Los Angeles, CA 90034

$10,500,000 Sold Price as of 03/31/2023
  • 24 Beds
  • 25 Baths
  • 25,524 Sq.Ft.
Sold
$10,500,000 Sold Price as of 03/31/2023 Refinance Your Mortgage
Map preview of 10810 Palms Blvd, Los Angeles, CA 90034

Property Overview: 10810 Palms Blvd Los Angeles, CA has 24 bedrooms, 25 bathrooms, 25,524 living square feet and 14,637 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 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.

Listed by James Muske | BRE #00758095 | Coldwell Banker Realty
Last checked: 9 minutes ago | Last updated: September 22nd, 2023 | Source CRMLS | DOM: 27

Home details

Lot Sq. Ft
14,637
HOA Dues
$0/mo
Year built
2013
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
23243037
City
Los Angeles
County
Los Angeles
Time on Site
456 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 25
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 24
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,187
  • Total Rent: $52,510
  • Pro Forma/Market Rent: $52,510
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $550
  • Total Rent: $6,600
  • Pro Forma/Market Rent: $6,600
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.14%
  • Gross Rent Multiplier: 18.25
  • Gross Scheduled Income: --
  • Net Operating Income: $535,143
  • Gross Operating Income: $709,320
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 10810 Palms Blvd

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Washer Included, Dryer Included
Kitchen Information
  • Has Appliances
  • Dishwasher, Disposal, Microwave, Built-In, Oven, Range
Interior Features
  • Security Features: Card/Code Access
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 25
  • Has Parking
  • Parking Features: Controlled Entrance, Private, Assigned
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Has View
  • View: City Lights
  • Total # of Units: 25
  • Parcel Number: 4252037042
  • Architectural Style: Contemporary
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Other
Location / Neighborhood
Location Information
  • Directions: Between Overland and Sepulveda
View more facts & features

Local Los Angeles Agent

Sale History for 10810 Palms Blvd

Last leased for $3,095 on September 22nd, 2023

  • September, 2023

  • Sep 22, 2023

    Date

    Leased

    CRMLS: 23310505

    $3,095

    Price

  • Sep 12, 2023

    Date

    Active

    CRMLS: 23310505

    $3,095

    Price

  • Listing provided courtesy of CRMLS

    Palms Blue is a beautiful modern 1 bedroom + 1 bath units in a new, quiet building centrally located in Palms, located near West LA, Culver City, Century City, Westwood, UCLA, and Beverly Hills with easy access to Santa Monica, Venice, Playa Vista and El Segundo. Sony Studios and 20th Century Fox Studios are minutes away. New Expo Line Palms Station is a short walk from the building. Polished concrete floors with a designer kitchen and bathroom. The kitchen has stone countertops and stainless steel appliances. The building has a gym and rooftop deck for tenants' communal use. Building and parking garage are controlled access. Stacked washer/dryer is included in the unit.

  • September, 2023

  • Sep 12, 2023

    Date

    Leased

    CRMLS: 23299713

    $2,895

    Price

  • Aug 10, 2023

    Date

    Active

    CRMLS: 23299713

    $3,095

    Price

  • Listing provided courtesy of CRMLS

    Palms Blue is a beautiful modern 1 bedroom + 1 bath units in a new, quiet building centrally located in Palms, located near West LA, Culver City, Century City, Westwood, UCLA, and Beverly Hills with easy access to Santa Monica, Venice, Playa Vista and El Segundo. Sony Studios and 20th Century Fox Studios are minutes away. New Expo Line Palms Station is a short walk from the building. Polished concrete floors with a designer kitchen and bathroom. The kitchen has stone countertops and stainless steel appliances. The building has a gym and rooftop deck for tenants' communal use. Building and parking garage are controlled access. Stacked washer/dryer is included in the unit.

  • August, 2023

  • Aug 10, 2023

    Date

    Leased

    CRMLS: 23276039

    $2,995

    Price

  • Jun 1, 2023

    Date

    Active

    CRMLS: 23276039

    $3,295

    Price

  • Listing provided courtesy of CRMLS

    Palms Blue is a beautiful modern 1 bedroom + 1 bath units in a new, quiet building centrally located in Palms, located near West LA, Culver City, Century City, Westwood, UCLA, and Beverly Hills with easy access to Santa Monica, Venice, Playa Vista and El Segundo. Sony Studios and 20th Century Fox Studios are minutes away. New Expo Line Palms Station is a short walk from the building. Polished concrete floors with a designer kitchen and bathroom. The kitchen has stone countertops and stainless steel appliances. The building has a gym and rooftop deck for tenants' communal use. Building and parking garage are controlled access. Stacked washer/dryer is included in the unit.

  • June, 2023

  • Jun 1, 2023

    Date

    Leased

    CRMLS: 23269423

    $2,950

    Price

  • May 11, 2023

    Date

    Active

    CRMLS: 23269423

    $2,950

    Price

  • Listing provided courtesy of CRMLS

    Palms Blue is a beautiful modern 1 bedroom + 1 bath units in a new, quiet building centrally located in Palms, located near West LA, Culver City, Century City, Westwood, UCLA, and Beverly Hills with easy access to Santa Monica, Venice, Playa Vista and El Segundo. Sony Studios and 20th Century Fox Studios are minutes away. New Expo Line Palms Station is a short walk from the building. Polished concrete floors with a designer kitchen and bathroom. The kitchen has stone countertops and stainless steel appliances. The building has a gym and rooftop deck for tenants' communal use. Building and parking garage are controlled access. Stacked washer/dryer is included in the unit.

  • March, 2023

  • Mar 31, 2023

    Date

    Sold

    CRMLS: 23243037

    $10,500,000

    Price

  • Feb 18, 2023

    Date

    Active

    CRMLS: 23243037

    $15,495,000

    Price

  • February, 2023

  • Feb 17, 2023

    Date

    Active

    CRMLS: 23242497

    $15,495,000

    Price

  • Listing provided courtesy of CRMLS

    Extremely well-maintained 25-unit building has oversized units with stunning contemporary interiors, polished concrete floors & modern condo-quality designer finishes. Wonderful open floor plans, 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. 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 building, convenient location. True pride of ownership.

  • July, 2014

  • Jul 11, 2014

    Date

    Sold (Public Records)

    Public Records

    $10,750,107

    Price

  • August, 2012

  • Aug 14, 2012

    Date

    Sold (Public Records)

    Public Records

    $1,650,016

    Price

Show More

Tax History for 10810 Palms Blvd

Assessed Value (2020): $11,813,592
Year Land Value Improved Value Assessed Value
2020 $7,692,573 $4,121,019 $11,813,592

Home Value Compared to the Market

This property vs the competition

10810 Palms Blvd sold on March 31, 2023 for 987.82% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $507.17 per/sqft which puts the price per square foot 32.83% lower than the current median sale per square foot for the city of Los Angeles.

About 10810 Palms Blvd

Detailed summary of property

10810 Palms Blvd is a multi family that recently sold in Los Angeles, CA 90034. This multi family property offered 24 bedrooms, 25 bathrooms, roughly 25,524 living square feet, and sits on an approximately 14,637 square foot lot. 10810 Palms Blvd was first listed on ArdentRealEstateGroup.com on February 19, 2023. The homeowner sold the property for $10,500,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 987.82% higher than the current median priced home. Local homes that are currently for sale include 1728 N Sierra Bonita Ave, 9821 Acacia Ave and 2550 College Pl. While the average home in Los Angeles, CA is selling in 92 days, 10810 Palms Blvd has a days on market of 27 days. There are currently 3712 homes for sale in the Los Angeles real estate market and 2493 of them are single family homes while 1120 of them are condos and 93 are townhomes. For more information on this home for sale at 10810 Palms Blvd Los Angeles, CA 90034 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 10810 Palms Blvd

Public county record property details
Beds
15
Baths
3
Year built
2013
Sq. Ft.
25,360
Lot Size
14,636
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
50-52
APN
4252-037-042

The source for these homes facts are from public records.

90034 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,899,000
Median List Price/Sq.Ft.
$925
Median Sold Price
$2,079,000
Median Sold Price/Sq.Ft.
$899
Total Inventory
42
Median Sale to List Price %
100%
Avg Days on Market
27
Loan Type
Conventional (0%), FHA (0%), VA (5.88%), Cash (5.88%), Other (11.76%)

Thinking of Selling?

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(714) 706-1823

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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