Armacost Palms — Sale in Los Angeles, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Los Angeles, CA 90025

Investment Figures

Cap rate
4.20%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to offer for sale Armacost Palms, a 13-unit apartment community located at 1218 Armacost Avenue in the heart of West Los Angeles. This two-story, 6,511-square-foot building sits on a generous 10,479-square-foot lot, offering strong density and future flexibility. The property features a unit mix of twelve one-bedroom/one-bath and one two-bedroom/one-bath apartments, with upgraded electrical systems, separate gas and electric meters for each unit, on-site laundry, and 12 parking spaces. Well-maintained landscaping enhances the property’s curb appeal and tenant experience. Armacost Palms is ideally positioned just blocks from Sawtelle Japantown — one of LA’s most popular dining and cultural destinations — and minutes from UCLA, Westwood Village, and the shopping and employment centers of Century City, Brentwood, and Santa Monica. Residents enjoy walkable access to restaurants, cafes, grocery stores, and daily conveniences along Wilshire Boulevard and Bundy Drive. Armacost Palms presents a compelling opportunity to acquire a well-maintained, income-producing asset in a supply-constrained West LA submarket. Individually metered utilities, upgraded infrastructure, and enduring neighborhood demand position this property for durable cash flow and long-term appreciation. PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT THE LISTING TEAM FOR DETAILS. Investment Highlights: • Highly desirable West Los Angeles neighborhood with strong rental demand and proximity to Santa Monica, Brentwood, and Century City • Blocks from Sawtelle Japantown's renowned dining and shopping scene, and a short commute to UCLA and Westwood Village — two of the Westside's strongest tenant demand drivers • Upgraded electrical systems and separately metered gas and electric reduce owner operating expenses and simplify utility management • Quality landscaping and solid curb appeal enhance tenant retention and overall property presentation • The property features 1

Market Context

This multifamily in Los Angeles, CA is listed for sale. It is offered at an approximate 4.2% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 100 days. Compare it against other multifamily listings for sale in Los Angeles, CA — view the full market.

As of Q1 2026, the Greater Los Angeles multifamily market showed average asking rents near $2333.00/unit/mo, and cap rates around 5.0%. Source: multiple brokerage reports, Q1 2026.

Its 4.2% asking cap rate is below the Greater Los Angeles multifamily market average of about 5.0%, reflecting premium pricing relative to comparable assets.

Multifamily market FAQ

What is the typical cap rate for multifamily in Greater Los Angeles?
About 5.0% as of Q1 2026, per multiple brokerage reports.

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