Mixed-Use Multifamily Development
For Sale
$7,500,000
10031 Palms Blvd, Los Angeles, CA 90034
Transit-oriented development opportunity near Metro Expo Line Station in Palms.
Property Size16,000 SF
Price / SF$468.75
Days on Market270
Property Features for 10031 Palms Blvd
General Information
Standard status
Active
Size
16,000 SF
Class
B
Property subtype
Office
Building Details
Building Size
16,000 SF
Listing Agency:
(310) 899-2733
Listed By:
Duncan Lemmon
Source:
Lee-associates
Added: Nov 26, 2025
Changed: Aug 22
Last Checked: Aug 22 at 5:14AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Duncan Lemmon
Investment Insights
Based on property information with market context.
This mixed-use multifamily development opportunity is located directly across from the Metro Expo Line Station in Palms, providing convenient access to Westwood/Rancho and Culver City stations, as well as employment, businesses, restaurants, and entertainment options. The property consists of approximately 31,000 square feet (0.71 acres) of land zoned MU(EC). Currently, there is a 2-story, 18-unit apartment building on the premises, which is 50% occupied and provides some in-place income. The site allows for development with a Floor Area Ratio (FAR) from 2 to 3.6, with a minimum unit size of 350 square feet and a commercial component. Situated within the Exposition Corridor Transit Neighborhood Specific Plan, developers can submit architectural designs conforming to the specific plan and receive administrative clearance to proceed directly to construction drawings. This Transit Priority development opportunity is located in the heart of West Los Angeles, with convenient access to the 10 and 405 Freeways, LAX, Downtown, and Beach Cities. The existing apartment building comprises approximately 16,000 square feet and was built in the 1950s.
Key Highlights
- Transit‑Oriented Development Opportunity: Located directly across from the Metro Expo Line Station for easy access to amenities.
- High Development Potential: Zoned MU(EC) with a FAR of 2 to 3.6, allowing for mixed‑use multifamily development.
- Streamlined Approval Process: Located within the Exposition Corridor Transit Neighborhood Specific Plan, enabling administrative clearance.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,082
Businesses Nearby
Explore this area
Business Placement
Demographics for 90034, CA
57,152
Population
29,262
Households
2
Avg Household Size
35
Median Age
64%
College-Educated
92%
High-School Grad
3.1 sq mi
ZIP Area
18,436
Density / Sq Mi
$103,082
Median Household Income
$62,891
Median Earnings
$2,180
Median Rent
$1,395,000
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Transit-oriented development opportunity near Metro Expo Line Station in Palms.
Where is this commercial land located?
The property is located at 10031 Palms Blvd Los Angeles, CA.
What is the asking price?
The asking price for this property is $7,500,000.
What are key features of this property?
This property features: Transit‑Oriented Development Opportunity: Located directly across from the Metro Expo Line Station for easy access to amenities.; High Development Potential: Zoned MU(EC) with a FAR of 2 to 3.6, allowing for mixed‑use multifamily development.; Streamlined Approval Process: Located within the Exposition Corridor Transit Neighborhood Specific Plan, enabling administrative clearance.
