2911 S PALM GROVE AVE, LOS ANGELES, CA 90016

Property Description

About this home

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.

Key things to know

• Exterior triplex with tiled roof, arched windows, and metal fence framing curb appeal.
• Front entrance features a metal gate, arched doorway, and tiled roof.
• Vacant 3 bed, 1 bath unit around 1,100 sq ft.
• Vacant 4 bed, 3 bath unit around 1,950 sq ft.
• Potential to construct ADUs (Buyer to Verify). Located in West Adams near Culver City, USC, and Downtown LA.