Listing Agent: Aaron Jacobson      Broker/Office: Lyon Stahl Investment Real Estate, Inc.
2911 Palm Grove Avenue S Los Angeles CA 90016
$ 1,225,000
  9   |    5   |    3960 Sq Feet

Listing ID

#SB26187308

Status

Active

Property Type

Triplex

County

Los Angeles

Year Built

1930

Days on website

2

Description
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.
Location
Financial Information
List Price:  $ 1225000
Property Features
Community Features:  Curbs, Sidewalks, Suburban, Urban
High School District:  Los Angeles Unified
Levels:  Two
Senior Community YN:  false
Structure Type:  Triplex
Water Source:  Public
High School District:  Los Angeles Unified
Senior Community YN:  false
MLS Area Major:  C16 - Mid Los Angeles
City:  Los Angeles
Listed By:   Aaron Jacobson   Lyon Stahl Investment Real Estate, Inc. 
Co-listed by
Brandon Maghen  
CA Lic#