Main Image
2700 Palm Grove Avenue S Los Angeles CA 90016
Price $ 1,499,000
Listing ID 25529590
Status Active
Property Type Single Family Residence
County Los Angeles
Beds 5
Baths 4
House Size 2131
Year Built 1924
Days on website 2
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
Financial Information
List Price: $ 1499000
Property Features
Appliances: Dishwasher, Disposal, Microwave, Refrigerator
Community Features: Gated
Furnished: Unfurnished
Heating: Central
Levels: One
Parking Features: Driveway, Garage
Senior Community YN: false
Senior Community YN: false
MLS Area Major: C16 - Mid Los Angeles
City: Los Angeles
Listed By:   Andrew Watkins   Century 21 Masters 
CA Lic#
CRMLS/Property/PHOTO-Jpeg/1112112873/2/Mjg4MC84MzgzLzIw/MjAvMTY2OTcvMTc0NTQ3NTE1MQ/Q29yk_I9aw-W0lDhAFhEnSGQD4M2dFimZjRn237MWj0 CRMLS/Property/PHOTO-Jpeg/1112112873/3/Mjg4MC84MzgzLzIw/MjAvMTY2OTcvMTc0NTQ3NTE1MQ/bDzZ2bA2jSrVjf-sHz3fTSjMsvN3KEVFOcKWn_224IE CRMLS/Property/PHOTO-Jpeg/1112112873/4/Mjg4MC84MzgzLzIw/MjAvMTY2OTcvMTc0NTQ3NTE1MQ/10tVd3sRKysqNRe7vBAZutB14EOlDU35uhkN0RJqUHs CRMLS/Property/PHOTO-Jpeg/1112112873/5/Mjg4MC84MzgzLzIw/MjAvMTY2OTcvMTc0NTQ3NTE1MQ/YlDmkrcng0mFPRNBS1M198zTyJnqDAlNdq2W3BOv-14