The property at 4001 Palmyra Road is comprised of 8,106 SF of land with a building size of 7,396 SF. The property features a unit mix of three 2 Bedrooms/1 Bath unit and seven 1 Bedroom/1 Bath units averaging over 740 SF each. The building enjoys incredibly low expenses by being individually metered for gas and electric. There is ample parking with street parking at the front of the building, along with secure car port parking spaces located at the rear of the property. This property offers an astute investor strong immediate cash flow. With over 15% rental upside, as one can easily achieve market cash-on-cash over 6%.This property is located in the heart of Baldwin Hills, just a few blocks from the Baldwin Hills Crenshaw Mall and redevelopment retail corridor, newly developed Kaiser Hospital, and just minutes from the Kenneth Hahn State Park. Mall owners (Capri Capital) are envisioning a bold remake of the existing neighborhood that would add two million square feet of new retail and hotel space, plus offices, condos, and apartments on nearly every spare inch of the mall.
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Data Provided by:
California Regional Multiple Listing Service