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Request Info$1,250,000
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2911 S Palm Grove Avenue Overview
- Time on Site:
- 33 days
- Visits:
- 0
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 5.85% 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.
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2911 S Palm Grove Avenue Facts & Features
- Type Multi-Family
- Sq. ft. 3,960
- Price/Sq.ft. $316
- Lot 0.12 Acres
Details
General
Association/HOA
- Common Interest: Community Apartment
Income/Expenses
- Gross Income: 107208.0
- Gross Scheduled Income: 107208.0
- Net Operating Income: 73869.0
- Operating Expense: 27979.0
Building Information
- New Construction: No
- Year Built: 1930
Location/Region
- Country: US
- County Or Parish: Los Angeles
- MLS Area Major: C16 - Mid Los Angeles
- Postal City: LOS ANGELES
Community/Development
- Community Features: Curbs,Suburban,Sidewalks,Urban
Rent/Lease Information
- Land Lease: No
General Information
- Listing Terms: Cash,Cash to New Loan,Conventional,Contract,FHA
- Parcel Number: 5057026028
- Property Sub Type: Apartment
- Property Type: Residential Income
- Rent Control: Yes
- Senior Community: No
- Special Listing Conditions: Standard
Interior
Parking Information
- Garage: No
Building Interior
- Building Area Total: 3960.0
- Building Area Units: Square Feet
General Information
- Common Walls: No Common Walls
- Entry Level: 1
- Entry Location: Front
- Laundry Features: Inside
- Stories Total: 2
Exterior
Lot Information
- Additional Parcels: No
- Lot Features: 0-1 Unit/Acre
- Lot Size Acres: 0.1194
- Lot Size Area: 5199.0
- Lot Size Source: Assessor
- Lot Size Square Feet: 5199.0
- Lot Size Units: Square Feet
- Number Of Buildings: 1
- Number Of Separate Electric Meters: 3
- Number Of Separate Gas Meters: 3
- Number Of Separate Water Meters: 1
- Elevation Units: Feet
- Water Source: Public
Building Exterior/Construction
- Property Attached: No
General Information
- Number Of Units Total: 3
- Pool Features: None
- Pool Private: No
- Sewer: Public Sewer
2911 S Palm Grove Avenue Neighborhood
Community
90016 (Los Angeles) Demographics
35
Median Age
12,765
Population Density (per sq. mile)
33%
College Educated
$49,958
Estimated Median Income
6,180
Estimated Total Home Owners
11,342
Estimated Total Renters
35% / 65%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.2911 S Palm Grove Avenue Monthly Cost
2911 S Palm Grove Avenue Market Data
Based on the last 30 days in this zip code
$949,295
Average List Price
$715
Average Price per Square Foot
25
Properties Sold
81
Average Days on Market
273
Properties for Sale
2911 S Palm Grove Avenue History
| Date | Value | Agent |
|---|---|---|
| 5/27/2026Source: CRMLS | May 27, 2026 |
Listing provided courtesy of Lyon Stahl Investment Real Estate, Inc.Aaron Jacobson- MLS# SB26115015
Contact Information: 310-425-9838
Contact Information: 310-425-9838