Palms

Los Angeles, CA

Neighborhood Market Analysis

Q3 2025 Report
$1,290,000 (May 2025)
Median Home Price
83 (Very Walkable)
Walkability Score
Public schools are rated average to above average; Palms Middle is well-regarded for its magnet programs.
School Rating

Location Overview

Neighborhood Boundaries

Roughly bounded by the I-10 Freeway to the north, National Blvd to the south, Overland Ave to the west, and Robertson Blvd to the east. Adjacent to Culver City, Mar Vista, and Cheviot Hills.

Zip Codes

90034

Market Data Summary

Price Range$900,000 – $2,200,000+ (condos to single-family homes)
Price per Sq Ft$867 (May 2025)
Inventory LevelsLow but rising; sales volume down 50% MoM in June 2025, indicating constrained supply[3].

Property Characteristics

Home Types & Architecture

Home Types

CondominiumsTownhomesSingle-family homesSmall multi-family buildings

Architectural Styles

Mid-century modernContemporarySpanish RevivalTraditional California bungalows

Property Details

Typical Lot SizesSmall to medium (2,000–6,000 sq ft for SFRs; condos/townhomes smaller)
Home Age Range1920s–2020s; mix of older and new construction
Construction QualityGenerally good; many buildings renovated or newly built, but some older stock may need updates.

Community Profile

Demographics & Lifestyle

Demographics

Diverse, with a mix of young professionals, families, and long-term residents. High proportion of renters and international residents.

Community Vibe

Urban-suburban blend; lively, walkable, and eclectic. Known for its diversity and creative energy.

Typical Residents

  • Young professionals
  • Families with children
  • Students
  • Long-term residents

Family Friendly

Moderately family-friendly; more so in single-family pockets. Good access to parks and schools.

Amenities & Lifestyle

Parks & Recreation

  • Palms Park
  • Woodbine Park
  • Culver City Park (nearby)

Dining Options

  • International cuisine (Indian, Thai, Mexican, Japanese)
  • Trendy cafes
  • Casual eateries

Shopping Centers

  • Palms Center
  • Westfield Culver City (nearby)
  • Local strip malls

Local Businesses

  • Coffee shops
  • Boutique fitness studios
  • Ethnic restaurants
  • Grocery stores (Trader Joe’s, Vons)
  • Pharmacies

Education & Schools

Public schools are rated average to above average; Palms Middle is well-regarded for its magnet programs.
Overall School Rating

Elementary Schools

  • Palms Elementary
  • Charnock Road Elementary

Middle Schools

  • Palms Middle School

High Schools

  • Alexander Hamilton High School

Private Schools

  • Culver City Christian School (nearby)
  • Echo Horizon School (nearby)

Transportation & Accessibility

Transit & Roads

Public Transit

  • Metro E Line (Palms Station)
  • Multiple bus lines (Culver CityBus, Metro)

Major Roads

  • I-10 Freeway
  • Venice Blvd
  • National Blvd
  • Overland Ave

Commute & Walkability

Commute Times15–30 min to Downtown LA, 10 min to Santa Monica/Culver City, 20–40 min to LAX (traffic dependent)
WalkabilityVery walkable; most errands can be accomplished on foot.
ParkingStreet parking can be challenging, especially near multi-family buildings; some homes/condos have dedicated parking.

Marketing Intelligence

Target Buyer Types

  • Tech/media professionals
  • Young families
  • Investors
  • First-time buyers

Key Selling Points

  • Walkable urban lifestyle
  • Access to Metro and major job centers
  • Diverse dining and shopping
  • Strong rental demand

Pricing Considerations

Price competitively; buyers expect value for updated homes. Overpricing leads to longer days on market.

Common Objections & Response Strategies

Objection: Older building stock may need repairs.

Response Strategy:

Highlight recent renovations, inspection reports, and potential for value-add improvements.

Objection: Street parking is difficult.

Response Strategy:

Emphasize units with dedicated parking or proximity to transit; suggest permit parking options.

Objection: Noise from Metro or major roads.

Response Strategy:

Show quieter interior units, double-pane windows, and quieter residential pockets.

Objection: School ratings are average.

Response Strategy:

Point out magnet programs, private school options, and proximity to higher-rated schools in adjacent areas.

Investment Insights

Investment Potential

Appreciation Potential

Moderate to strong; proximity to Culver City tech/media jobs and transit boosts long-term value.

Rental Demand

Very high; popular with young professionals, students, and tech workers. Low vacancy rates.

Buyer Competition

High for well-priced homes; most sell above asking and quickly.

Best For

  • Investors seeking rental income
  • First-time buyers
  • Young professionals
  • Families wanting urban amenities

Potential Concerns

  • Rising insurance costs
  • Older building maintenance
  • Street parking limitations

Professional Recommendations

1

Emphasize Palms’ walkability, transit, and urban lifestyle in marketing materials.

2

Leverage video tours and social media to reach tech-savvy buyers.

3

Highlight recent sales above asking to demonstrate demand.

4

Educate buyers on the competitive market—prepare for quick offers and limited contingencies.

5

Network with local businesses and community groups to build hyperlocal expertise.

Competitive Analysis

Comparable Markets

  • Mar Vista
  • Culver City
  • West LA
  • Cheviot Hills

Market Positioning

Palms is positioned as an affordable, walkable, and transit-rich alternative to pricier Westside neighborhoods.

Competitive Advantages

  • Lower entry price than Culver City/Cheviot Hills
  • Superior transit access vs. Mar Vista
  • More diverse housing stock than West LA

Price Comparison

Median home price is lower than Culver City ($1.5M+) and Cheviot Hills ($2M+), but higher than West LA and Mar Vista condos.

Investment Metrics

3.5%–4.2% (multi-family)
Cap Rates
3.2%–3.8% gross
Rental Yields
~22–25 (reflects strong rental demand but high prices)
Price-to-Rent
Neutral to slightly positive for well-leveraged properties; best for long-term appreciation and rent growth.
Cash Flow
3%–5% annually, barring major economic shifts.
Appreciation

Buyer Journey Insights

First-Time Buyers

Palms offers a rare entry point to the Westside with condos/townhomes under $1M. Walkability and transit appeal to younger buyers.

Move-Up Buyers

Attractive for those seeking more space or a single-family home while staying close to urban amenities.

Downsizers

Condo/townhome options with low maintenance and walkable lifestyle are appealing.

Investors

High rental demand and low vacancy make Palms a strong choice for buy-and-hold investors.

Relocators

Proximity to tech/media jobs and easy access to transit/freeways make Palms a top pick for newcomers to LA.

This neighborhood analysis was generated using hyperlocal data and AI intelligence.

Neighborhood conditions change - consult with local real estate professionals for the most current information.

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