$ 5,800,000
-
$5,800,000
Price -
3
Bed -
4
Bath -
13,324
SqFt -
0.28
Acre
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About the Listing CLW-X75151 - CLW-X92444
We are pleased to present a twenty-three (23) unit apartment building located at 3340 Overland Ave in Los Angeles, California. The subject property is located in a prime Palms location, right along Overland Ave and north of Palms Blvd. Located in the heart of Palms, this 23-unit multifamily property offers a compelling combination of existing income, rental upside, and future development potential. The unit mix comprises two (2) studios, twenty (20) one-bedroom units, and one (1) two-bedroom unit, with approximately 40% potential rental upside. Situated on a large 18,199-square-foot double lot, the property may offer opportunities for ADUs, including conversion of tuck-under parking, or ground-up development on the adjacent lot, subject to approvals. Improvements include a completed soft-story retrofit and a 2004 copper re-pipe. Residents benefit from on-site laundry, a rear pool, and parking. The location provides convenient access to the Palms Metro E Line, the 10 and 405 freeways, Culver City, and nearby retail and dining. With approximately 40% potential rental upside, an 18,199-square foot double lot, and possible ADU or development opportunities, the property offers multiple paths to add value in a prime Palms location. ***PLEASE NOTE: Property is part of a 9-building portfolio. Building may be sold individually or as a portfolio.
Listing Highlights for 3340 Overland Ave
Interior Details
- Bedrooms: 3
- Bathrooms: 4 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces:
- Floor:
- Basement:
- Other:
- Water:
Exterior Details
- Lot Description: No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 0
- Zoning: LAC2
- Roof:
- Others: 2+ Total Units,Has ADU
- Sewer:
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 4314020033
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Listing Location
Questions About..
3340 Overland Ave Los Angeles, CA 90034
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