2911 S Palm Grove Avenue
Property Overview
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.
Home Details
- Property type
- Residential - Triplex
- Year built
- 1930
- Living area
- 3,960 sq ft
- Lot size
- 5,199 sq ft
- Parking
- 1 spaces
- Garage
- 1 spaces
- Stories
- 2
- Days on market
- 1
- Full bathrooms
- 5
- MLS status
- Active
Features & Amenities
Interior
- All Bedrooms Up
- All Bedrooms Down
- Bedroom On Main Level
- Main Level Primary
Pool
- None
Lot
- Zero To One Unit Acre
Community, Schools & Utilities
Community
- View
- None
Schools
- School district
- Los Angeles Unified
Utilities
- Cooling
- None
- Water
- Public
- Sewer
- PublicSewer
Location & Neighborhood
Frequently Asked Questions About 2911 S Palm Grove Avenue
Property type: Residential
What clients say
“Reza was the best agent we have ever worked with.”Russell & Susan McQueen
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