Well maintained 12 Unit Apartment Building is desirable area of Palms, close to Expo line, freeway, transportation, and schools. 4 1 BR units, 8 2Br Units. Currently low rents with huge upside potential. Most apartments have been updated. Approx 10,228 Sq Ft building. Approx 11,987 Sq Ft Lot. 12 Covered Parking spaces. Laundry Room provides regular income. Buyer to assume cost of Soft Story Retrofit. Seller reserves the right to effect a 1031 exchange at no cost to Buyer.
Multi-familyProperty Type
1958Year Built
0.28 acresLot Size
$342Price/Sq.Ft.
12 car garageParking
Listed by Terry Ballentine•DRE #00588883
•310-351-9743 (agent)
•terryballentine1@gmail.com (agent)
Bought with Dominick Faraone•DRE #01925895• Miller & Desatnik Realty Co.
Well maintained 12 Unit Apartment Building is desirable area of Palms, close to Expo line, freeway, transportation, and schools. 4 1 BR units, 8 2Br Units. Currently low rents with huge upside potential. Most apartments have been updated. Approx 10,228 Sq Ft building. Approx 11,987 Sq Ft Lot. 12 Covered Parking spaces. Laundry Room provides regular income. Buyer to assume cost of Soft Story Retrofit. Seller reserves the right to effect a 1031 exchange at no cost to Buyer.
SDMLS #301729439
Jan 18, 2018
Sold
$3,500,000
$342/sq ft
Oct 18, 2017
Listed
$3,695,000
$361/sq ft
Well maintained 12 Unit Apartment Building is desirable area of Palms, close to Expo line, freeway, transportation, and schools. 4 1 BR units, 8 2Br Units. Currently low rents with huge upside potential. Most apartments have been updated. Approx 10,228 Sq Ft building. Approx 11,987 Sq Ft Lot. 12 Covered Parking spaces. Laundry Room provides regular income. Buyer to assume cost of Soft Story Retrofit. Seller reserves the right to effect a 1031 exchange at no cost to Buyer.
Well maintained 12 Unit Apartment Building is desirable area of Palms, close to Expo line, freeway, transportation, and schools. 4 1 BR units, 8 2Br Units. Currently low rents with huge upside potential. Most apartments have been updated. Approx 10,228 Sq Ft building. Approx 11,987 Sq Ft Lot. 12 Covered Parking spaces. Laundry Room provides regular income. Buyer to assume cost of Soft Story Retrofit. Seller reserves the right to effect a 1031 exchange at no cost to Buyer.
Public Records
May 13, 1994
Sold
$730,000
$71/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$49,160 (+1.2%)
$2,847,961 + $1,139,182
$3,987,143
2024
$48,570 (+1.9%)
$2,847,961 + $1,139,182
$3,987,143
2023
$47,643 (+4.9%)
$2,792,119 + $1,116,846
$3,908,965
2022
$45,406 (+1.3%)
$2,737,372 + $1,094,948
$3,832,320
2021
$44,825 (−1.0%)
$2,680,504 + $1,072,201
$3,752,705
2020
$45,278 (+4.1%)
$2,627,946 + $1,051,178
$3,679,124
2019
$43,500 (+202.8%)
$2,601,000 + $1,040,400
$3,641,400
2018
$14,364 (+2.4%)
$2,550,000 + $1,020,000
$3,570,000
2017
$14,031 (+3.1%)
$641,454 + $427,631
$1,069,085
2016
$13,614 (+1.4%)
$641,454 + $427,631
$1,069,085
2015
$13,429 (−0.9%)
$628,877 + $419,247
$1,048,124
2014
$13,549 (−1.3%)
$607,298 + $404,861
$1,012,159
2012
$13,723 (+2.8%)
$604,554 + $403,032
$1,007,586
2011
$13,344 (−1.0%)
$592,700 + $395,130
$987,830
2010
$13,482 (+3.7%)
$581,079 + $387,383
$968,462
2009
$13,001 (+4.2%)
$576,737 + $384,488
$961,225
2008
$12,482
$578,108 + $385,402
$963,510
Tax history for 10832 Charnock Rd
Year
Property tax
Land + Additions
Assessment*
2025
$49,160 (+1.2%)
$2,847,961 + $1,139,182
$3,987,143
2024
$48,570 (+1.9%)
$2,847,961 + $1,139,182
$3,987,143
2023
$47,643 (+4.9%)
$2,792,119 + $1,116,846
$3,908,965
2022
$45,406 (+1.3%)
$2,737,372 + $1,094,948
$3,832,320
2021
$44,825 (−1.0%)
$2,680,504 + $1,072,201
$3,752,705
2020
$45,278 (+4.1%)
$2,627,946 + $1,051,178
$3,679,124
2019
$43,500 (+202.8%)
$2,601,000 + $1,040,400
$3,641,400
2018
$14,364 (+2.4%)
$2,550,000 + $1,020,000
$3,570,000
2017
$14,031 (+3.1%)
$641,454 + $427,631
$1,069,085
2016
$13,614 (+1.4%)
$641,454 + $427,631
$1,069,085
2015
$13,429 (−0.9%)
$628,877 + $419,247
$1,048,124
2014
$13,549 (−1.3%)
$607,298 + $404,861
$1,012,159
2012
$13,723 (+2.8%)
$604,554 + $403,032
$1,007,586
2011
$13,344 (−1.0%)
$592,700 + $395,130
$987,830
2010
$13,482 (+3.7%)
$581,079 + $387,383
$968,462
2009
$13,001 (+4.2%)
$576,737 + $384,488
$961,225
2008
$12,482
$578,108 + $385,402
$963,510
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Beds
20
Baths
12
Stories
—
Lot width
—
Lot depth
—
Lot size
0.28 Acres
Year renovated
1958
Sq. Ft.
10,228
Year built
1958
Style
Multi-Family (5+ Unit)
County
Los Angeles County
APN
4252027030
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 28, 2026.
Property details
Parking
Garage
Carport, Garage
# of Garage Spaces: 12
Parking
# of Parking Spaces (Total): 12
# of Covered Parking Spaces: 12
Interior
Laundry Information
Community Laundry
Equipment
Range/Oven, Refrigerator
Heating & Cooling
No Cooling
Wall Gas Heat
Water Heater Features: Gas
Multi-Unit Income
Actual Annual Gross Rent: $194,340
Laundry Income: $2,650
Gross Income: 188510
Gross Scheduled Income: $194,340
Gross Operating Income: $194,340
Net Operating Income: $158,870
Monthly Gross Income: $16,195
Multi-Unit Expenses
Trash Expense: $2,318
Licenses Expense: $1,550
Gas Expense: $2,295
Insurance Expense: $2,848
Water Expense: $6,476
Maintenance Expense: $11,044
Total Annual Expense: $35,470
Tax Expense: $46,000
Multi-Unit Other Financial Information
Rent Control: 100
Cap Rate: 0.04
Gross Rent Multiplier: 19
Vacancy Rate: 3
Vacancy Allow %: 3
Scheduled Actual: Actual
Multi-Unit Information
Owner Pays: Water
Tenant Pays: Electric, Gas
Unit Type Type: 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12
Type Of Units: Apartments
# of Buildings: 1
# of Refrigerators: 12
# of Ranges: 12
Has Water Heaters: True
Unit 1 Information
# of Beds: 2
# of Baths: 1.00
Rent: $1,600
Projected Rent: $2,300
Actual Rent: $1,600
# of Units: 1
Unit 2 Information
# of Beds: 2
# of Baths: 1.00
Rent: $1,000
Projected Rent: $2,300
Actual Rent: $1,000
# of Units: 1
Unit 3 Information
# of Beds: 2
# of Baths: 1.00
Rent: $1,036
Projected Rent: $2,300
Actual Rent: $1,036
# of Units: 1
Unit 4 Information
# of Beds: 2
# of Baths: 1.00
Rent: $1,575
Projected Rent: $2,300
Actual Rent: $1,575
# of Units: 1
Unit 5 Information
# of Beds: 1
# of Baths: 1.00
Rent: $1,124
Projected Rent: $1,800
Actual Rent: $1,124
# of Units: 1
Unit 6 Information
# of Beds: 2
# of Baths: 1.00
Rent: $1,591
Projected Rent: $2,300
Actual Rent: $1,591
# of Units: 1
Unit 7 Information
# of Beds: 2
# of Baths: 1.00
Rent: $1,592
Projected Rent: $2,300
Actual Rent: $1,592
# of Units: 1
Unit 8 Information
# of Beds: 1
# of Baths: 1.00
Rent: $1,129
Projected Rent: $1,800
Actual Rent: $1,129
# of Units: 1
Unit 9 Information
# of Beds: 1
# of Baths: 1.00
Rent: $898
Projected Rent: $1,800
Actual Rent: $898
# of Units: 1
Unit 10 Information
# of Beds: 2
# of Baths: 1.00
Rent: $1,700
Projected Rent: $2,300
Actual Rent: $1,700
# of Units: 1
Unit 11 Information
# of Beds: 2
# of Baths: 1.00
Rent: $1,350
Projected Rent: $2,300
Actual Rent: $1,350
# of Units: 1
Unit 12 Information
# of Beds: 1
# of Baths: 1.00
Rent: $1,400
Projected Rent: $1,800
Actual Rent: $1,400
# of Units: 1
Exterior
Building Information
Total Floors: 2
Two Level
ADA Compliance: False
Faces North
Construction MVO: Frame and Stucco
Exterior Features
Roof: Composition
Other Structural Features: Balcony
Property Information
Land Lease Type: Fee
Property Type: Residential Income
Lot Information
Lot Size (Sq. Ft.): 11,988
Lot Size Dimensions: 85 x 141
Zoning: LAR3-1
Lot Description: Lot Shape-Rectangular
Property Features
Alley: False
Financial
Assessment Information
Assessed Land Value: $628,877
Assessed Land %: 60
Assessed Improvement Value: $419,247
Assessed Improvement %: 40.00
Assessor Parcel Number: 4252-027-030
Tax Information
No Mello-Roos Tax
Private Transfer Taxes: False
Lease Information
Tenant Pays: Electric, Gas
Financial Information
Listing Terms: Cash, Cash To New Loan
Utilities
Utility Information
Water: District/Public
Water District: LADWP
Location
Community Information
# of Units in Complex (Total): 12
School Information
School District: Los Angeles Unified
Location Information
Directions: North of Venice Blvd, South of Palms Blvd, East of Sepulveda, West of Overland
Cross Streets: Westwood Blvd
Public facts
Beds: 20
Baths: 12.0
Sq. Ft.: 10,228
Stories: —
Lot Size: 0.28 acres
Style: Multi-Family (5+ Unit)
Year Built: 1958
Year Renovated: 1958
County: Los Angeles County
APN: 4252027030
Home facts updated by county records on Aug 28, 2026
Other
Documents & Disclosures
Disclosures: As Is, Rent Control
Listing Information
Possession: Tenant Rights
Listing Terms: Cash, Cash To New Loan
Around this home
Schools
Charnock Road Elementary School
Public K-5 • Assigned • 0.4mi
6/10
Palms Middle School
Public 6-8 • Assigned • 0.3mi
5/10
Venice Senior High School
Public 9-12 • Assigned • 2.5mi
8/10
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Lifestyle
Provided by Walk Score and Local Logic
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