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

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$1,225,000
114 Days On Site

2911 S Palm Grove Avenue
Los Angeles, CA 90016

For Sale|Apartment|Active Under Contract
0
Beds
0
Total Baths
3,960
SqFt
$309
/SqFt
1930
Built
County:
Los Angeles
Listed by Aaron Jacobson of Lyon Stahl Investment Real Estate, Inc. aaron@lyonstahl.com
Call Now: 951-203-4426
Is this the listing for you? We can help make it yours.
951-203-4426
2911 S Palm Grove Avenue2911 S Palm Grove Avenue2911 S Palm Grove Avenue2911 S Palm Grove Avenue
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Monthly Payment (Est.)

$5,589
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Ideal Owner User Opportunity! 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 unoccupied. 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 one of the 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.

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Listing Snapshot
Price 
$1,225,000
Days On Site 
114 Days
Bedrooms 
N/A
Inside Area (SqFt) 
3,960 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.1194 Acres
Year Built 
1930
MLS® Number 
SB26115015
Status 
Active Under Contract
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
2 days agoStatus changed to Active Under Contract
2 days agoListing updated with changes from the MLS®
a month agoPrice changed to $1,225,000
4 months agoListing first seen on site
General Features
Acres 
0.1194
Land Lease 
No
Number Of Stories 
2
Property Sub Type 
Apartment
Sewer 
Public Sewer
Special Circumstances 
Standard
SqFt Total 
3960
Water Source 
Public
Interior Features
Laundry Features 
Inside
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Exterior Features
Pool Features 
None
Community Features
Community Features 
CurbsSuburbanSidewalks
MLS Area 
C16 - Mid Los Angeles
Financing Terms Available 
CashConventionalContractFHA
Building Access 
Front


This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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