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.