3535 S Sepulveda Blvd
Los Angeles, CA 90034

Marcus & Millichap, as the exclusive listing agent, is pleased to offer for sale a five-unit apartment community located at 3535 South Sepulveda Boulevard. Positioned just south of Palms Boulevard and north of Westminster Avenue, the property is located in a prime location within the Palms submarket of Los Angeles. The offering represents a unique buying opportunity to increase rents by approximately 69 percent through implementing a thorough interior and exterior renovation program. Built in 1953 and consisting of one two-story building totaling 4,378 square feet, the property is situated on a 6,404 square foot parcel. The property consists of a unit mix of two one-bedroom/one-bathroom units and three two-bedroom/one-bathroom units. The property features spacious floor plans with parking for every unit, on-site laundry facility, separate water heaters for each unit and is individually metered for electric and gas. Due to its 1953 construction, the property is subject to Los Angeles rent control statutes. Considered one of the more desirable submarkets on the Westside of Los Angeles, the Palms area has experienced a tremendous development boom over the past decade. The property is located near numerous trendy restaurants and bars in Downtown Culver City, retail shopping and entertainment options. The property is also close to the 10 and 405 Freeways, Santa Monica/Culver City Bus Lines, and the Palms Metro Station.