9 beds · 6 baths · 4,324 sqft





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 delivered VACANT. 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 vacant 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 6.06% 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.
Bedrooms
9
Bathrooms
5
Square Feet
3,960
Lot Size
5,199 sqft
Year Built
1930
Property Type
Triplex
Days on Market
0
Garage Total
1
MLS #
SB26187308
Interior Features
All Bedrooms Up, All Bedrooms Down, Bedroom On Main Level, Main Level Primary
Main Level Bedrooms
9
Main Level Bathrooms
5
Total Parking Spaces
1
Garage Spaces
1
Lot Features
Zero To One Unit Acre
Sewer
Public Sewer
Water Source
Public
Curbs, Suburban, Sidewalks, Urban
$0
| Rating | School Name |
|---|---|
2 | Susan Miller Dorsey Senior High High School |
6 | Cienega Elementary Elementary School |
N/A | View Park Continuation High School |
8 | Virginia Road Elementary Elementary School |
3 | Coliseum Street Elementary Elementary School |
Balanced market
Avg. time on market
This is a Balanced Market. Homes are selling at a moderate pace.
Based on price, location, and features