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For Sale

$1,225,000

3,960 sqft$309/sqft74 days on market

2911 S Palm Grove Avenue

Los Angeles, CA 90016

· 8% down, 7% APR, 30yr fixed

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.

Listing agent (MLS): Aaron Jacobson · Listing brokerage (MLS): Lyon Stahl Investment Real Estate, Inc.

Property Details

Key facts from the live listing feed are grouped here for quick review. Only fields confirmed by the active source are shown.

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

· 8% down, 7% APR, 30yr fixed
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Courtesy of Lyon Stahl Investment Real Estate, Inc.