Multifamily Property for Sale in Los Angeles, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Los Angeles, CA 90034

Description

10594 National Blvd is an 8-unit apartment building in the Palms neighborhood of West Los Angeles. Built in 1953, the property comprises 7,151 square feet and features a gated courtyard-style community with a desirable mix of four one-bedroom/one-bath units and four two-bedroom/one-bath units. Recent upgrades include a new roof in 2024 and exterior painting. The average in-place rent is approximately $1,717/month for one-bedrooms and $2,066/month for two-bedrooms. Comparable one-bedroom units in the submarket rent for approximately $2,500, while two-bedrooms achieve approximately $2,750 — representing a clear upside opportunity for a new owner through natural tenant turnover and modest unit upgrades. The property sits on an oversized 10,167 square foot lot zoned LAR3, with secure entry, on-site laundry, and a surface parking lot with rear alley access featuring five covered and five uncovered spaces. The lot presents a strong ADU opportunity for a new owner to explore (Buyer to verify). The location offers tenants excellent access to Culver City, Century City, Santa Monica, and UCLA, as well as nearby shopping, dining, and transit. The central Westside location demands premium rents in one of Los Angeles' most supply-constrained neighborhoods. Investment Highlights: • 8 Units – (4) 1-bed/1-bath and (4) 2-bed/1-bath, averaging 894 sf • Large Lot – 10,167 sf zoned LAR3 providing ADU potential or future redevelopment (Buyer to verify) • Ample Parking – rear alley access surface lot featuring five covered and five uncovered spaces • Walk Score = 86 - 'Very Walkable - Most errands can be accomplished on foot' with dining, shopping, and transit nearby • Prime Westside Location – minutes to Culver City, Century City, Santa Monica, and UCLA

Market Context

This multifamily in Los Angeles, CA is listed for sale. It is offered at an approximate 5.2% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 54 days. Compare it against other multifamily listings for sale in Los Angeles, CA — <a href="/search/sale/multifamily/california/los-angeles">view the full market</a>.

As of Q1 2026, the Greater Los Angeles multifamily market showed average asking rents near $2333.00/unit/mo, and cap rates around 5.0%. Source: Consensus Q1 2026 market report.

Its 5.2% asking cap rate is above the Greater Los Angeles multifamily market average of about 5.0%, implying a higher yield (and typically more risk or upside) than comparable assets.

Multifamily market FAQ

What is the typical cap rate for multifamily in Greater Los Angeles?
About 5.0% as of Q1 2026, per Consensus.

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