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$ 1,499,000
Est. payment /mo
Open Sat 1PM-4PM
2700 S Palm Grove AVE Los Angeles, CA 90016
5 Beds
4 Baths
2,131 SqFt
OPEN HOUSE
Sat Apr 26, 1:00pm - 4:00pm
Sun Apr 27, 1:00pm - 4:00pm
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,131 sqft
Price per Sqft $703
MLS Listing ID 25529605
Bedrooms 5
HOA Y/N No
Year Built 1924
Lot Size 5,201 Sqft
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. 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: $20,070; Net Operating Income: $85,530; GRM: 14.20; Cap Rate: 5.71%.
Location
State CA
County Los Angeles
Area C16 - Mid Los Angeles
Zoning LAR2
Rooms
Other Rooms Guest House
Interior
Heating Central
Cooling Central Air
Fireplace No
Appliance Dishwasher, Disposal, Microwave, Refrigerator
Exterior
Parking Features Driveway, Garage, On Street
Total Parking Spaces 4
Building
Story 1
Entry Level One
Level or Stories One
Additional Building Guest House
New Construction No
Others
Senior Community No
Tax ID 5057009002
Special Listing Condition Standard
Listed by Andrew Watkins • Century 21 Masters