Investment Overview

This exceptional 1984-built multifamily property in Palms offers a rare non-RSO advantage, giving investors the freedom to adjust rents to market rates and execute value-add renovations without strict regulatory caps. Situated in a high-demand submarket where roughly 92% of residents rent, the asset draws affluent professionals and tech talent drawn to nearby Culver City and Silicon Beach, backed by a 1-mile average household income of $135,488 and a highly educated local workforce. The building features six spacious one-bedroom units with cathedral ceilings and private balconies, complemented by low-maintenance operational efficiencies including separate metering, individual water heaters, and ample on-site parking with seven garage and two surface spaces.