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Matt O'Brien

matt@homecrave.com +1(619) 302-3010

$ 1,225,000

Est. payment | -/mo

9 Beds

5 Baths

5,199 Sqft Lot

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$ 1,225,000

Est. payment | -/mo

Save

9 Beds

5 Baths

5,199 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID SB26115015

Bedrooms 9

Lot Size 5,199 Sqft

Property Sub-Type Res Income 2-4 Units

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 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.

Location

State CA

County Los Angeles

Zoning Assessor

Direction South of West Adams Blvd and North of West Jefferson Blvd

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 2

Level or Stories 2

Others

Senior Community No

Tax ID 5057026028

Acceptable Financing Cash, Conventional, FHA, Land Contract

Listing Terms Cash, Conventional, FHA, Land Contract

Listed by Aaron Jacobson, DRE#02100737 Lyon Stahl Investment Real Estate, Inc.

NEARBY SCHOOL & BUSINESS

+1(619) 302-3010

matt@homecrave.com

San Diego, CA 92124

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2911 S Palm Grove Avenue Los Angeles, CA 90016