2700 S Palm Grove Avenue

Los Angeles, CA 90016

  • 5 Bed(s)
  • 0 Bath(s)
  • 2,131 Sqft
  • 5200
    Sqft(Lot)
$1,499,000

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.

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    49504202

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Property Details

  • Bedroom Information

    • Total Bedrooms : 5

    Bathroom Information

    • Total Baths: 4
    • Full Baths: 0
    • Half Baths: 0

    Interior Features

    • Property Appliances: Dishwasher,Disposal,Microwave,Refrigerator

    Cooling Features

    • Central Air
    • Air Conditioning

    Heating Source

    • Central
    • Has Heating

  • Building Information

    • Year Built: 1924
    • Building Area Total: 2,131

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.1194
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 5200

  • Listing Price Information

    • Original List Price: 1,499,000
    • Listing Contract Date: 2025-04-23

    Lease Information

    • Listing Agreement: Seller Reserved

  • Tax Information

    • Parcel Number: 5057009002

  • Garage and Parking

    • Garage Description: Driveway,Garage,On Street

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: C16 - Mid Los Angeles
    • Postal Code Plus 4: 2920
    • Directions: Google or Waze.
    • Zoning: LAR2
    • Source Property Type: Residential Income
    • Area: C16 - Mid Los Angeles

    Building and Construction

    • Property Age: 101
    • Year Built Source: Vendor Enhanced
    • Total Square Feet Living: 2131
    • Levels or Stories: One
    • Building Total Stories: 1
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BuyOwner last updated this listing 04/27/2025 @ 08:51

  • MLS: 25529605
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 5 bedrooms which is for sale, it has 2,131 sqft, 5,200 sized lot, and 0 parking. are nearby neighborhoods.