$1,225,000
2911 S Palm Grove Avenue
Los Angeles, CA 90016
9
Beds
5
Baths
3,960
Square feet
1930
Built
Listing narrative
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.
Property Details
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Price
$1,225,000
Beds
9 bd
Type
Multi-Family
Home Size
3,960 sqft
Baths
5
Lot Size
0.12 acres
Year
1930
Status
For Sale
Days on Market
74
$ / Sqft
$309
Courtesy of Lyon Stahl Investment Real Estate, Inc.





