2700 S Palm Grove AVE, Los Angeles, CA 90016 - MLS#25529605

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Ricardo Gil Jr

rgiljr@gilsre.com +1(209) 226-9649

$1,499,000

Est. payment - /mo

5 Beds

4 Baths

2,131 SqFt

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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

Gross Scheduled Income: $105,600; Expenses: $20,070; Net Operating Income: $85,530; GRM: 14.20; Cap Rate: 5.71%. Welcome to 2700 and 2702 Palm Grove Ave. A stunning new construction home in the heart of red-hot West Adams. 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. 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.

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

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Listed by Andrew Watkins • Century 21 Masters

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Ricardo Gil Jr

+1(209) 226-9649

Broker | CA DRE#01800755

Broker CA DRE#01800755

2700 S Palm Grove AVE Los Angeles, CA 90016

Ricardo Gil Jr

Key Details

Location

Rooms

Interior

Exterior

Building

Others

Get More Information