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$1,250,000
Est. payment /mo
5,201 Sqft Lot
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.
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 Locations
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