2911 S Palm Grove Avenue, Los Angeles, CA 90016
- $1,225,000
- 9
- BD
- 5
- BA
- 3,960
- SqFt
Listing courtesy of Listing Agent: Aaron Jacobson (aaron@lyonstahl.com) from Listing Office: Lyon Stahl Investment Real Estate, Inc..
- List Price
- $1,225,000
- Status
- ACTIVE
- Days on Market
- 16
- MLS#
- SB26187308
- Subtype
- Residential
- Year Built
- 1930
- Bedrooms
- 9
- Bathrooms
- 5
- Full Baths
- 5
- Living Area
- 3,960
- Lot Size
- 5,199
- Acres
- 0.12
- MLS Area Major
- Mid Los Angeles (C16)
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.
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Additional Information
- Interior Features
- All Bedrooms Up, All Bedrooms Down, Bedroom on Main Level, Main Level Primary
- Stories
- Two Levels
- Levels
- Two
- Pool Type
- None
- Garage Spaces
- 1
- School District
- Los Angeles Unified
- View
- None
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Based on information from California Regional Multiple Listing Service, Inc. as of . 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. 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, 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.