2116 S Palm Grove Avenue

    Los Angeles (City), CA 90016
    • $1,400,000
    • STATUS: Active
    • ON SITE: 118 days
    • ID#: 18375376
    UPDATED: 36 min ago
    $1,400,000
    • 0
      BEDS
    • 0.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,075
      SQFT
    • $276
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1924
    County:

    School Ratings & Info

    Description

    Great investment opportunity in this fantastic location, an opportunity to own this Mid-City 5-unit property located on a well kept street, great neighborhood, with great upside potential. New roof with 7 year warranty, new stair railings in the back. One property is vacant, and one will be delivered vacant, which allows one to receive market rents, with other rents on 2 units well under market, occupied with long term tenants. Three of the units are completely newly remodeled. Units are very spacious and have plenty of windows to bring in light. There is a large, remodeled back unit (1 bedroom, this one will be vacant ) above the garage area which is separated from the front building, offering added privacy. Property includes off-street parking and has three single car garages which are currently being used for storage, separate laundry room, which has the potential for coined operated income. Close proximity to freeway and shopping. Drive by only, please do not disturb occupant

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-12-13T15:32:31.123. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.impactca.com/homes/86607878

    2116 S Palm Grove Avenue Los Angeles (City), CA 90016

    • Price: $1,400,000
    • Status: Active
    • Updated: 36 min ago
    • ID#: 18375376
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.13
    Acres
    5,075
    SQFT
    $276
    $/SQFT
    1924
    Built
    Neighborhood:
    C16 - Mid Los Angeles
    County:
    Los Angeles
    Area:
    C16 - Mid Los Angeles
    Property Description
    Great investment opportunity in this fantastic location, an opportunity to own this Mid-City 5-unit property located on a well kept street, great neighborhood, with great upside potential. New roof with 7 year warranty, new stair railings in the back. One property is vacant, and one will be delivered vacant, which allows one to receive market rents, with other rents on 2 units well under market, occupied with long term tenants. Three of the units are completely newly remodeled. Units are very spacious and have plenty of windows to bring in light. There is a large, remodeled back unit (1 bedroom, this one will be vacant ) above the garage area which is separated from the front building, offering added privacy. Property includes off-street parking and has three single car garages which are currently being used for storage, separate laundry room, which has the potential for coined operated income. Close proximity to freeway and shopping. Drive by only, please do not disturb occupant
    Exterior Features

    Lot Size Units Square Feet Parking Features StreetGarage - Three Door Parking YN Yes

    Interior Features

    Appliances None Appliances YN No Cooling Gas Cooling YN Yes Laundry Features None

    Property Features

    Gross Multiplier 30.28 Gross Operating Income 4623351.00 Improvements Amount 35254 Land Value 21097 Laundry YN No Net Operating Income 49361.00 Property Condition Additions/Alterations Special Listing Conditions Standard Total Expenses 8430.00 Zoning Lard2

    Listing provided courtesy of Sandy Marie Dunkley of Equity Real Estate-Los Angeles.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-12-13T15:32:31.123. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
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