31
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$1,225,000
Est. payment /mo
9 Beds
5 Baths
3,960 SqFt
Active
2911 S Palm Grove Avenue Los Angeles, CA 90016
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Key Details
Property Type Condo
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, Lease Option, Cash To New Loan
Listing Terms Cash, Conventional, Land Contract, Lease Option, Cash To New Loan
Special Listing Condition Standard
Listed by Aaron Jacobson, DRE#02100737 Lyon Stahl Investment Real Estate, Inc.
Co-listed byBrandon Maghen • Lyon Stahl Investment Real Estate, Inc.
Co-listed byBrandon Maghen • Lyon Stahl Investment Real Estate, Inc.
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