2700 S Palm Grove AVE Open House Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90016
OPEN HOUSE
Sat Apr 26, 1:00pm - 4:00pm Sun Apr 27, 1:00pm - 4:00pm
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 2,131 sqft
Price per Sqft $703
MLS Listing ID 25529590
Bedrooms 5
Full Baths 4
Year Built 1924
Lot Size 5,201 Sqft
Property Sub-Type Single Family Residence
Property Description
Welcome to 2700 and 2702 Palm Grove Ave.-a stunning new construction home in the heart of red-hot West Adams. 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. 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. Gross Scheduled Income: $105,600; Expenses: $20,070; Net Operating Income: $85,530; GRM: 14.20; Cap Rate: 5.71%.
Location
State CA
County Los Angeles
Area C16 - Mid Los Angeles
Zoning LAR2
Interior
Heating Central
Cooling Central Air
Fireplaces Type None
Exterior
Parking Features Driveway,Garage,On Street
Pool None
Community Features Gated
View Y/N No
View None
Building
New Construction No
Others
Special Listing Condition Standard