Palms 90232

Investment Overview

Units:

Sqft:

Purchase Price:

Sale Price:

Hold Time:

6,441

$2,015,000

$3,900,000

26 Months

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Deal Story

This property, located within walking distance of Sony Studios, was purchased as a 7-unit apartment building. After reviewing previous building permits while undergoing renovations at the property, TGG found that it could legally be converted back to 8 units. This was done alongside getting permits to build an ADU. Once the units were renovated with modern finishes, the units were leased out the new units, which allowed for a strategic exit from the asset.