Multifamily
Armacost Palms
1218 Armacost Ave, Los Angeles, CA 90025
Listing Price: $4,299,000
Investment Overview
Marcus & Millichap is 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 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.
Armacost Palms
Investment Highlights
- Highly desirable West Los Angeles neighborhood with strong rental demand and proximity to Santa Monica, Brentwood, and Century City
- Blocks from Sawtelle Japantown's renowned dining and shopping scene, and a short commute to UCLA and Westwood Village — two of the Westside's strongest tenant demand drivers
- Upgraded electrical systems and separately metered gas and electric reduce owner operating expenses and simplify utility management
- Quality landscaping and solid curb appeal enhance tenant retention and overall property presentation
- The property features 12 on-site parking spaces and a shared laundry facility, covering the key amenities renters prioritize
- First time on the market in over 24 years
Exclusively Listed By
Financing By
Listing Price: $4,299,000
Investment Highlights
- Highly desirable West Los Angeles neighborhood with strong rental demand and proximity to Santa Monica, Brentwood, and Century City
- Blocks from Sawtelle Japantown's renowned dining and shopping scene, and a short commute to UCLA and Westwood Village — two of the Westside's strongest tenant demand drivers
- Upgraded electrical systems and separately metered gas and electric reduce owner operating expenses and simplify utility management
- Quality landscaping and solid curb appeal enhance tenant retention and overall property presentation
- The property features 12 on-site parking spaces and a shared laundry facility, covering the key amenities renters prioritize
- First time on the market in over 24 years
Investment Overview
Marcus & Millichap is 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 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.
Exclusively Listed By
Financing By
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