Los Angeles, CA 90016,2700 S Palm Grove Ave
Los Angeles, CA 90016,2700 S Palm Grove Ave
Los Angeles, CA 90016,2700 S Palm Grove Ave
Los Angeles, CA 90016,2700 S Palm Grove Ave
Los Angeles, CA 90016,2700 S Palm Grove Ave
Los Angeles, CA 90016,2700 S Palm Grove Ave
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$ 1,549,500
Est. payment | /mo

5 Beds

4 Baths

2,131 SqFt


$ 1,549,500
Est. payment | /mo

5 Beds

4 Baths

2,131 SqFt

OPEN HOUSE

Sun Apr 13, 1:00pm - 4:00pm

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,131 sqft

Price per Sqft $727

MLS Listing ID 25511633

Style Contemporary

Bedrooms 5

Year Built 1924

Lot Size 5,200 Sqft

Acres 0.1194

Property Sub-Type Multi-Family

Property Description

Welcome to 2700 and 2702 Palm Grove Ave.-a stunning new construction home in the heart of red-hot West Adams. Best of all, **YOU CAN OWN THIS PROPERTY FOR AS LITTLE AS $2,925/month** thanks to rental income from the legal 1BD/1BA ADU (estimated rent: $2,950), offsetting a $5,875 monthly mortgage. The front home offers 4BD/3BA with an open, sunlit floor plan, sleek modern finishes, recessed lighting, and all-new systems including plumbing, electrical, roof, HVAC, tankless water heater, luxury appliances, and more. The detached ADU is fully permitted, features its own private entrance, mini-split HVAC, updated systems, and endless flexibility as a rental, guest house, or home office. One car garage is drywalled with electrical for home office, art studio or more. Built to the latest LADBS standards, the property includes a complete water capture and recirculation system and fire sprinklers throughout. The seller will even **PAY YOUR FIRST YEAR PROPERTY TAXES**, adding exceptional value. Located minutes from the Expo and Crenshaw Lines and close to hotspots like Tartine, Mizlala, Alta, and Delicious Pizza. **SPECIAL LENDER FINANCING** make this is a rare chance to own a brand-new, move-in-ready home in one of LA's most dynamic neighborhoods. Gross Scheduled Income: $105,600; Expenses: $21,425; Net Operating Income: $84,175; GRM: 14.67; Cap Rate: 5.43%.

Location

State CA

County Los Angeles

Area Mid Los Angeles

Zoning LAR2

Rooms

Other Rooms None

Interior

Heating Forced Air

Cooling Central

Equipment Dishwasher, Gas Dryer Hookup, Garbage Disposal, Microwave, Refrigerator, Range/Oven

Exterior

Parking Features Driveway, Garage - 1 Car

Building

Story 1

Architectural Style Contemporary

Level or Stories One

Others

Special Listing Condition Standard

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TheMLS (CLAW)
Listed by Century 21 Masters

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2700 S Palm Grove Ave