Palms Apartment Building Sales
Explore 4 closed transactions totaling $5.39M in Palms. Data from the LAAA Team at Marcus & Millichap.
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Transactions
$5.39M
Total Volume
3.03%
Avg Cap Rate
$318,500
Avg $/Unit
6
Avg Units
2012
Since
Cap rate, price per unit and unit count are averaged across apartment sales only: 2 of these 4 closed transactions are apartment sales.
LAAA Team Track Record Since 2012
Palms Multifamily Market Overview
Palms is the Westside's most accessible entry point between Culver City and West LA with Expo Line transit. Across 4 transactions totaling $5.4M, the 2 apartment sales average a 3.03% cap rate at $319,000 per unit across 11 units. LA RSO applies.
Market Snapshot
Source: CoStar | Greater Culver City Multifamily | 2026 Q1Rents by Unit Type
Investment Activity (Trailing 12 Mo)
Palms Market Area
LAAA Team Closings in Palms
4 transactions by Glen Scher, Filip Niculete & the LAAA Team
2011 Chariton St
Los Angeles • 2020
$2,112,000Units
6Cap
3.39%$/Unit
$352,000
8733 Venice Blvd
Los Angeles • 2020
$930,000Cap
2.06%
3146 S Halm Ave
Los Angeles • 2019
$1,425,000Units
5Cap
2.68%$/Unit
$285,000
2370 South Robertson Boulevard
Los Angeles • 2014
$925,000Cap
7.06%
Source: LAAA Team Closed Transactions
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