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… Read More 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. Read Less
Property listed by Lyon Stahl Investment Real Estate, Inc., Aaron Jacobson 310-259-7556
Listing Snapshot
Days Online
29
Last Updated
Property Type
Apartment
Lot Size
0.12 Acres
Year Built
1930
MLS Number
SB26115015
Additional Details
Building
Built in 1930, 1 building, 2 stories, Entry level: 1, Entry location: Front
Community
Curbs, Suburban, Sidewalks, Urban
Expenses
Operating: $27,979
Income
Gross Income: $107,208, Gross ScheduledIncome: $107,208, Net Operating Income: $73,869
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Confirm your time
Fill in your details and we will contact you to confirm a time.
