We are pleased to present 4112-4114 Palmwood Drive, a 10 unit apartment complex in Baldwin Village neighborhood of Los Angeles, California. The subject property comprises ten one bedroom, one bathroom units. The property features on-site parking and laundry for the tenant's convenience. All units are individually metered for gas and electricity. The local neighborhood is a historically strong rental market ideally positioned for continued and future gentrification due to its close proximity to other desirable areas such as West Los Angeles, Culver City, and Mid-Wilshire. The Baldwin Village neighborhood is experiencing a tremendous amount of redevelopment, as highlighted by three prominent examples: the Crenshaw/MLK subway station is slated to open in 2019 just two blocks east of the subject; the Kaiser Permanente Outpatient Medical Facility - Baldwin Hills MOB is currently under construction on Santa Rosalia Drive immediately east of the subject street; the Baldwin Hills Crenshaw Plaza, located a few blocks from the subject is at this point slated to be redeveloped by 2020 with a new Macy's as its anchor, a retail village and a variety of mixed-use buildings, all in an open, pedestrian-friendly paseo layout.
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