2911 S Palm Grove AVE, Los Angeles, CA 90016
2911 S Palm Grove AVE, Los Angeles, CA 90016
2911 S Palm Grove AVE, Los Angeles, CA 90016
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$1,225,000
Est. payment /mo
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9 Beds
5 Baths
3,960 SqFt
New

2911 S Palm Grove AVE Los Angeles, CA 90016

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Brent Cate

Brent Cate

+1(559) 304-6188

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Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,960 sqft

Price per Sqft $309

MLS Listing ID SB26187308

Bedrooms 9

Full Baths 5

HOA Y/N No

Year Built 1930

Lot Size 5,201 Sqft

Property Sub-Type Triplex

Property Description

2911 S Palm Grove Ae offers a rare opportunity to purchase a triplex in a strong picket of West Adams, with 2 of 3 units delivered VACANT. The property features a great mix of units, consisting of (1) Vacant 3 bed/1 Bath measuring at 1,100 Square Feet, (1) Vacant 4 bed/3 Bath measuring at 1,950 Square Feet, and (1) occupied 2 Bed/1 Bath measuring at just under 1,000 Square Feet. An owner-user can take advantage of the vacant units by occupying one unit while generating rental income from the remaining units, making the property an attractive opportunity for both investors and
owner-occupants. Once fully rented, the property is expected to operate at a 6.06% cap Rate, collecting $8,884 in total scheduled rent, based on market rents. Additionally, the property may offer the potential to construct ADUs (Buyer to Verify), creating further long-term value-add
opportunity. The property is conveniently located in West Adams, in close proximity to Culver City, USC, Downtown Los Angeles, and major transportation corridors including the I-10 Freeway and Metro Expo Line.

Location

State CA

County Los Angeles

Area C16 - Mid Los Angeles

Rooms

Main Level Bedrooms 9

Interior

Interior Features All Bedrooms Up, All Bedrooms Down, Bedroom on Main Level, Main Level Primary

Cooling None

Fireplaces Type None

Fireplace No

Laundry None

Exterior

Garage Spaces 1.0

Garage Description 1.0

Pool None

Community Features Curbs, Suburban, Sidewalks, Urban

View Y/N No

View None

Total Parking Spaces 1

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Dwelling Type Triplex

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Schools

School District Los Angeles Unified

Others

Senior Community No

Tax ID 5057026028

Acceptable Financing Cash, Cash to New Loan, Conventional, Contract

Listing Terms Cash, Cash to New Loan, Conventional, Contract

Special Listing Condition Standard

Lease Land No

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Aaron Jacobson Lyon Stahl Investment Real Estate, Inc. 310-729-1559, DRE #02100737

NEARBY SCHOOL & BUSINESS

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Brent Cate

Brent Cate

License ID: 01482878

+1(559) 304-6188

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2911 S Palm Grove AVE

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