
Listed by Principle Quality Investments
$28,000,000
62-unit w/34.89% Upside
Details
APN 4313011026
Property Type Multifamily
Sub Type Apartment Building
Square Footage 57,810
Net Rentable (SqFt) 57,810
Units 62
Cap Rate 4.24%
Pro-Forma Cap Rate 6.45%
Price per SqFt $484
Broker Co-Op Yes
Class B
Year Built 1977
Buildings 1
Stories 2
Acreage 1.134
Zoning Assessor
Investment Type Value Add
62-unit_34.89% Upside_Attractive Price Per Sq.Ft.
Marketing description
Chateau De Paix presents a compelling 62-unit multifamily investment opportunity located at 9848 Tabor Street in the highly desirable Palms neighborhood of West Los Angeles. Built in 1977, the property consists of approximately 57,810 square feet of building area situated on over 1-ACRE of land (49,413 sq.ft.), offering investors both strong in-place income and future redevelopment potential. The property features an attractive unit mix with each unit containing private balconies, and large spacious floorplans in a supply-constrained market. The asset offers a significant value-add opportunity with approximately +-34.89% rental upside potential, allowing investors to increase revenue through interior renovations and operational improvements. Residents benefit from attractive community amenities including a pool, spa, private balconies, EV charging stations, and on-site laundry facilities, enhancing tenant satisfaction and retention. The asset is located in a prime West Los Angeles location with convenient access to Culver City, Santa Monica, and Downtown Los Angeles, placing residents near major employment centers, entertainment, and retail corridors.
Investment highlights
Attractive price per foot ($484) in a supply-constrained West Los Angeles submarket
Strong unit mix with spacious 1,000+ sq.ft. 2-beds & 737 sq.ft. 1-beds units, supporting consistent renter demand (34.89% Rental Upside)
Desirable amenities including private balconies, electric car charging stations, pool, spa, and on-site laundry facilities.
Prime Palms location with convenient access to major Westside employment centers and regional transportation.
Solid construction and value-add potential through interior and common-area renovations.
Listing Contacts

Listed by Principle Quality Investments
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