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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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$1,250,000
Est. payment /mo
5,201 Sqft Lot
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UPDATED:

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID SB26115015

HOA Y/N No

Year Built 1930

Lot Size 5,201 Sqft

Property Sub-Type Apartment

Property Description

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 5.85% 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

Interior

Fireplace No

Laundry Inside

Exterior

Pool None

Community Features Curbs, Suburban, Sidewalks, Urban

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 5057026028

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

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

Special Listing Condition Standard

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Listed by Aaron Jacobson Lyon Stahl Investment Real Estate, Inc. 310-729-1559, DRE #02100737

NEARBY SCHOOL & BUSINESS

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