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    10031 Palms Blvd Los Angeles, CA 90034

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    For Sale
    $7,500,000

    Transit-oriented development opportunity near Metro Expo Line Station in Palms.

    Property size:
    16,000 SF

    Property Features for 10031 Palms Blvd

    General Information

    Size
    16,000 SF

    Source: Duncan Lemmon Agent Duncan Lemmon

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mixed-Use Multifamily Development Opportunity

    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.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.4044
    Latitude
    34.02877

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    FAQs

    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.
    (310) 899-2733
    Request Owner's contact information
    10031 Palms Blvd Los Angeles, CA 90034
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    Los Angeles, CA 90034
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    10031 Palms Blvd Los Angeles, CA 90034
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