2911 S Palm Grove Avenue, Los Angeles, CA 90016
2911 S Palm Grove Avenue, Los Angeles, CA 90016
2911 S Palm Grove Avenue, Los Angeles, CA 90016
31
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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 Avenue Los Angeles, CA 90016

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Tracy Giordano

Tracy Giordano

+1(619) 987-5498

UPDATED:

Key Details

Property Type Single Family Home

Sub Type All Other Attached

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

Year Built 1930

Lot Size 5,199 Sqft

Property Sub-Type All Other Attached

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

Direction south of West Adams Blvd and north of West Jefferson Blvd

Interior

Fireplace No

Exterior

Garage Spaces 1.0

View Y/N Yes

Water Access Desc Public

Total Parking Spaces 1

Building

Story 2

Sewer Public Sewer

Water Public

Level or Stories 2

Others

Senior Community No

Tax ID 5057026028

Acceptable Financing Cash, Conventional, Land Contract, Cash To New Loan, Lease Option

Listing Terms Cash, Conventional, Land Contract, Cash To New Loan, Lease Option

Special Listing Condition Standard

MLS Router / San Diego MLS
Listed by Aaron Jacobson, DRE#02100737 Lyon Stahl Investment Real Estate, Inc. 

NEARBY SCHOOL & BUSINESS

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Tracy Giordano

Tracy Giordano

Agent License ID: 02052571

+1(619) 987-5498

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2911 S Palm Grove Avenue

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