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4015 Palmwood DriveLos Angeles, CA 90008

For Sale

$2,199,000

Smart Buyer Rebate $21,990

I'm pleased to offer this prime 10 unit investment opportunity with strong growth potential in desirable Baldwin Village. Tremendous upside awaits as two units will be delivered vacant at COE. The owner currently lives in one unit and is the manager. He is leaving at the close of escrow. A professional owner/investor can start this investment off on the right foot from the close of escrow and turn it into a cash cow. There is upside rental potential as well which supports CAP rate closer to 9%. Located in Baldwin Village with close proximity to the nations first Costco-anchored mixed use development. The area is seeing lots of transformative redevelopment including the $700M Baldwin Hills Crenshaw Plaza. These projects are anticipated to bring in lots of jobs and revitalize the surrounding area. This asset features an attractive unit mix. Some units have been updated recently. The exterior of the property was painted recently. Gated parking. Units are separately metered for gas and electric. Tenants are not aware property is being sold. Please don't walk onto the property.

Listed by Andrew Loeffler

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License #01193598

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Re/Max Premier Prop SanMarino

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951-741-0002

Last updated December 03, 2025

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Source: CRMLS #AR25266100

Listing Facts

  • TypeMulti-family
  • NeighborhoodCrenshaw
  • Days on Prevu10

Amenities

  • Parking

Location

Mortgage Calculator

Listing History

12/01/2025
Listed by Re/Max Premier Prop SanMarino
$2,199,000

Property Details for 4015 Palmwood Drive

Association

Amenities

  • Community Features: Sidewalks

Exterior

Construction

  • Number Of Units Total: 10
  • Property Attached: Yes
  • Stories Total: 2
  • Year Built: 1956
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Entry Location: 1

Measurements

  • Building Area Total: 9,146
  • Building Area Units: Square Feet
  • Lot Features: Cul-De-Sac, Level, Street Level
  • Lot Size Acres: 0.18
  • Lot Size Area: 8,103
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 8,103
  • Lot Size Units: Square Feet

Financial

Residential Income

  • Cap Rate: 5.28
  • Gross Income: $189,360.00
  • Operating Expense: $73,087.00

Taxes

  • Parcel Number: 5032008023

Other

Location

  • Tax Lot: 28

Parking

Parking

  • Carport Spaces: 5
  • Carport: Yes
  • Parking Features: Attached Carport, Assigned, Gated
  • Parking Total: 5

Utilities

Equipment

  • Water Source: See Remarks

Frequently Asked Questions

How many bedrooms does this multi-family home have?

There is bedrooms in this multi-family home at 4015 Palmwood Drive.

Does this multi-family home have parking?

Yes, there are 5 parking spaces available for 4015 Palmwood Drive.

How does 4015 Palmwood Drive compare to other multi-family homes in Crenshaw?

This multi-family home is listed 62% below the average price for multi-family homes in Crenshaw and has been on the market for 79 less days than the typical home in this area.

4015 Palmwood Drive is a -bedroom multi-family home for sale in Los Angeles CA 90008. On Prevu for 10 days at $2,199,000. This home is located in Crenshaw. The median listing price for multi-family homes in this area is $1,360,000. Property amenities include parking. View other multi-family home listings in Los Angeles.

Based on information from California Regional Multiple Listing Service, Inc. and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.