An excellent opportunity to own rental property in a stable area of Mid Los Angeles. This property is located in a highly desirable Los Angeles area near La Brea Ave. and Jefferson Blvd. With the 10 freeway on one side and the Metro E-line on the other, commuting to and from this property can be convenient. The property is comprised of 3 units, each having their own gas and electric meters. There are 2 uncovered parking spaces, 1 covered and 2 garage spaces for parking. The first(A) unit has two bedrooms(1 Pass-through bedroom) and 2 bathrooms. The second(B) unit has 1 bedroom and 1 bathroom currently occupied by excellent tenants. The third(C) unit is located on the 2nd and 3rd floors. This unit has 4 bedrooms & 2 bathrooms and a separate laundry room. This unit also has a balcony on the 2nd floor and two separate balconies on the 3rd floor. The sunset views from these balconies are amazing. This unit also has a unique feature, the attic is located on the 4th floor. It is currently used for storage but can be used for star gazing or other creative ideas. Alls 3 units are in need of some cosmetic repairs like flooring and paint but other repairs needed might limit the type of financing that can be used to purchase this property. Whether you decided to live in 1 unit and rent the other 2 Or just rent all 3 units, this income property can be a great investment for your real estate portfolio.
Property Details
Price:
$1,280,000
MLS #:
DW23209853
Status:
Active
Baths:
0
Address:
2919 S Palm Grove Avenue
Type:
Residential Income
Subtype:
Duplex
Neighborhood:
c16midlosangeles
City:
Los Angeles
Listed Date:
Nov 13, 2023
State:
CA
ZIP:
90016
Lot Size:
5,201 sqft / 0.12 acres (approx)
Year Built:
1923
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Schools
Interior
Cooling
None
Fireplace Features
None
Heating
None
Exterior
Community Features
Sidewalks, Storm Drains, Street Lights, Suburban
Garage Spaces
2.00
Lot Features
Lot Over 40000 Sqft
Parking Features
None
Parking Spots
5.00
Pool Features
None
Roof
Shingle
Sewer
Unknown
Stories Total
1
Water Source
Public
Financial
Map
Community
- Address2919 S Palm Grove Avenue Los Angeles CA
- AreaC16 – Mid Los Angeles
- CityLos Angeles
- CountyLos Angeles
- Zip Code90016
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Courtesy of Century 21 Allstars. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
2919 S Palm Grove Avenue
Los Angeles, CA
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