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    5005 August St

    Los Angeles, CA 90008
    • $8,695,000
    • STATUS: Active
    • ON SITE: 11 days
    • ID#: 20-661286
    UPDATED: 18 min ago
    $8,695,000
    • 44
      BEDS
    • 0.57
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 18,344
      SQFT
    • $474
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1962
    County:

    School Ratings & Info

    Description

    Originally built in 1962, and renovated in 2020, the Palms on August are located at 5005 August Street in the Baldwin Village neighborhood, adjacent to the Culver City submarket. Consisting of 44 units, the apartment complex totals 18,344 square feet of building area on a 24,615 square foot corner lot with alley access. Current ownership has spent $1.4 million renovating and rebranding the property inside and out resulting in a best-in-class asset highlighting the 1960s modernism design. The refreshed styling is highlighted with a new paint scheme, new signage, new windows and new landscaping.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-12-01T12:42:46.157. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.trulinerealty.com/homes/112056115
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    5005 August St Los Angeles, CA 90008

    • Price: $8,695,000
    • Status: Active
    • Updated: 18 min ago
    • ID#: 20-661286
    44
    Beds
    0
    Baths
    0
    ½ Baths
    0.57
    Acres
    18,344
    SQFT
    $474
    $/SQFT
    1962
    Built
    Neighborhood:
    Park Hills Heights
    County:
    Los Angeles
    Area:
    Park Hills Heights
    Property Description
    Originally built in 1962, and renovated in 2020, the Palms on August are located at 5005 August Street in the Baldwin Village neighborhood, adjacent to the Culver City submarket. Consisting of 44 units, the apartment complex totals 18,344 square feet of building area on a 24,615 square foot corner lot with alley access. Current ownership has spent $1.4 million renovating and rebranding the property inside and out resulting in a best-in-class asset highlighting the 1960s modernism design. The refreshed styling is highlighted with a new paint scheme, new signage, new windows and new landscaping.
    Exterior Features

    Direction Faces South Lot Size Area 24615 Other Structures None Parking Garage Private GarageAssignedDriveway Gate Pool Description Fenced Pool YN Yes Style Contemporary Total Parking 37

    Interior Features

    Baths Total 44.00 Cooling None Equipment Ceiling FanMicrowaveRefrigeratorRange/Oven Heating Wall Laundry Community Windows Skylights

    Property Features

    Assessed Total Value 1646983 Gross Income 675984 Gross Operating Income 665904 Like Units1 11 Like Units2 30 Like Units3 3 Net Operating Income 435174.00 Number Of Buildings 1 Number Of Units 44 Property Condition Updated/Remodeled Sale Type Standard Security Features Exterior Security LightsFire And Smoke Detection SystemGatedResident Manager Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Source Lot Size Dimensions Vendor Enhanced Total Annual Expense 230730 Type Of Units Apartments Year Built Source Vendor Enhanced Zoning Lar3

    Listing provided courtesy of Steffan Braunlich DRE#01859098 of Berkadia.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-12-01T12:42:46.157. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    TruLine Realty
    8644 Wilshire Blvd. Suite 204
    Beverly Hills CA, 90211