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1906 S Palm Grove Ave, Los Angeles, CA 90016
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1906 S Palm Grove Ave Los Angeles, CA 90016

$1,950,000 Sold Price as of 03/17/2022
  • 7 Beds
  • 7 Baths
  • 4,326 Sq.Ft.
Sold
$1,950,000 Sold Price as of 03/17/2022 Refinance Your Mortgage
Map preview of 1906 S Palm Grove Ave, Los Angeles, CA 90016

Property Overview: 1906 S Palm Grove Ave Los Angeles, CA has 7 bedrooms, 7 bathrooms, 4,326 living square feet and 7,417 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Searching for a multi-residence property with plenty of investment potential? Take advantage of this rare opportunity to own an upgraded and fully occupied triplex enviably set in a bustling Los Angeles location! Discover three newly remodeled units showcasing beautifully designed interiors for a comfortable and convenient lifestyle. Both main-level homes offer 2 bedrooms and 2 baths while the upper-level residence comes with 3 private retreats, 3 baths, and a balcony overlooking the stunning LA cityscape. Abundant natural light beams through expansive windows across the impressive open-concept layouts that accommodate well-sized gathering areas for entertaining. Recessed lighting accentuates the gleaming wood flooring, plus every kitchen highlights stainless steel appliances and newly installed cabinetry. Each unit comes with centralized A/C and heat, as well as recently purchased in-unit washers/dryers. Explore additional features, including updated plumbing and electrical, tankless water heaters, newly upgraded electrical panels with individual meters, plus security motion-activated lighting. Multiple parking spaces are yours with two detached garages, and there are two separate driveways with automated access. Turn your real estate vision into reality and give us a call today!

Listed by | BRE # | Equity Union
Co-listed by Sunny Narang | BRE #01966332 | Keller Williams Realty Encino-Sherman Oaks
Last checked: 12 minutes ago | Last updated: July 13th, 2023 | Source CRMLS | DOM: 15

Home details

Lot Sq. Ft
7,417
HOA Dues
$0/mo
Year built
1922
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
22118365
City
Los Angeles
County
Los Angeles
Time on Site
857 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 3
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,200
  • Total Rent: $2,360
  • Pro Forma/Market Rent: $3,000
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 3
  • Furnishing: Unfurnished
  • Actual Rent: $3,800
  • Total Rent: $3,800
  • Pro Forma/Market Rent: $4,500
Unit Breakdown 3
  • # of Units: 0
  • # of Beds: 0
  • # of Baths: 0
  • Furnishing: Unfurnished
  • Total Rent: $0
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,525
  • Total Rent: $2,360
  • Pro Forma/Market Rent: $3,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 5.24
  • Gross Scheduled Income: --
  • Net Operating Income: $77,001
  • Gross Operating Income: $104,100
  • Garage Rental Income: $1,800
Annual Expense Breakdown
  • Total Operating Expense: --
  • Electric: $2,193
  • New Taxes: $20,124
  • Insurance: $3,366
  • Maintenance: $1,416

Virtual Tour

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Property Details for 1906 S Palm Grove Ave

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Washer Included, Dryer Included
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Wood
Kitchen Information
  • Has Appliances
  • Dishwasher, Microwave, Refrigerator
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 6
  • Has Parking
  • Parking Features: Detached Carport, Driveway
Property Information
  • Total # of Units: 3
  • Parcel Number: 5061015041
  • Architectural Style: Spanish
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Other
Location / Neighborhood
Location Information
  • Directions: W Washington & S Palm Grove
View more facts & features

Local Los Angeles Agent

Sale History for 1906 S Palm Grove Ave

Last sold for $1,950,000 on March 17th, 2022

  • March, 2022

  • Mar 17, 2022

    Date

    Sold

    CRMLS: 22118365

    $1,950,000

    Price

  • Jan 13, 2022

    Date

    Active

    CRMLS: 22118365

    $1,950,000

    Price

  • August, 2021

  • Aug 17, 2021

    Date

    Withdrawn

    CRMLS: 21729520

    $1,988,000

    Price

  • May 25, 2021

    Date

    Active

    CRMLS: 21729520

    $1,988,000

    Price

  • May 10, 2021

    Date

    Coming Soon

    CRMLS: 21729520

    $1,988,000

    Price

  • Listing provided courtesy of CRMLS

    Newly remodeled, fully occupied triplex! This amazing investment property features 3 total units. The top-level is a 3 bed/3 bath unit that includes a very spacious living area, large balcony, and breathtaking panoramic view of LA. The two lower-level 2 bed/2 bath units also feature an incredible open floor plan with big windows, ample closet space, and abundant natural light. All 3 units feature modern elements with new kitchen cabinetry, stainless steel appliances, central A/C (and heat), recessed lighting, and wood flooring. All units also include their own washer and dryers (purchase in 2019). There are two separate driveways with remote control access through automated gates - along with two detached garage units for parking or storage. Additional exterior features: updated plumbing and electrical, tankless water heaters, newly upgraded main electrical panel with individual meters, security motion-sensitive lighting, and large private back and front yard with recent landscaping for added privacy. Located just off Washington Blvd - within short distance to restaurants, shopping, a performing art center, and more! This property was completely remodeled in 2019, and is a great investment opportunity with plenty of income potential!

  • December, 2019

  • Dec 19, 2019

    Date

    Leased

    CRMLS: 19515580

    $2,800

    Price

  • Dec 15, 2019

    Date

    Pending

    CRMLS: 19515580

    $2,850

    Price

  • Nov 27, 2019

    Date

    Price Change

    CRMLS: 19515580

    $2,850

    Price

  • Oct 26, 2019

    Date

    Price Change

    CRMLS: 19515580

    $2,900

    Price

  • Sep 28, 2019

    Date

    Active

    CRMLS: 19515580

    $2,990

    Price

  • Listing provided courtesy of CRMLS

    1 of 3 Stunning newly fully remodeled leases available in a 3-unit triplex in mid city! This property features a FIRST FLOOR 2BED/2BATH layout w/views of the the lush landscaped yard. Each unit showcases an incredible open floor plan w/ modern elements, new kitchen cabinetry, stainless steel appliances, ample closet space, abundant natural light, new windows, central A/C & heat, recessed lighting, wood flooring throughout and much more. Additional features incl motorized gated entry, ample driveway parking & optional storage garage, motion detected exterior lighting, updated plumbing & electrical, washer/dryer, tankless water heater, new driveway & large private landscaped yard. Brand new appliances, refrigerator, washer/dryer, microwave included! Located walking distance to restaurants, shopping and more!

  • November, 2019

  • Nov 27, 2019

    Date

    Leased

    CRMLS: 19515576

    $2,800

    Price

  • Nov 15, 2019

    Date

    Pending

    CRMLS: 19515576

    $2,900

    Price

  • Oct 26, 2019

    Date

    Price Change

    CRMLS: 19515576

    $2,900

    Price

  • Sep 28, 2019

    Date

    Active

    CRMLS: 19515576

    $2,990

    Price

  • Listing provided courtesy of CRMLS

    1 of 3 Stunning newly fully remodeled leases available in a 3-unit triplex in mid city! This property features a FIRST FLOOR 2BED/2BATH layout w/views of the the lush landscaped yard. Each unit showcases an incredible open floor plan w/ modern elements, new kitchen cabinetry, stainless steel appliances, ample closet space, abundant natural light, new windows, central A/C & heat, recessed lighting, wood flooring throughout and much more. Additional features incl motorized gated entry, ample driveway parking & optional storage garage, motion detected exterior lighting, updated plumbing & electrical, washer/dryer, tankless water heater, new driveway & large private landscaped yard. Brand new appliances, refrigerator, washer/dryer, microwave included! Located walking distance to restaurants, shopping and more!

  • November, 2019

  • Nov 2, 2019

    Date

    Leased

    CRMLS: 19515582

    $4,400

    Price

  • Oct 25, 2019

    Date

    Pending

    CRMLS: 19515582

    $4,500

    Price

  • Sep 28, 2019

    Date

    Active

    CRMLS: 19515582

    $4,500

    Price

  • Listing provided courtesy of CRMLS

    1 of 3 Stunning newly fully remodeled leases available in a 3-unit triplex in mid city! This property features a very large 3BED/2.5BATH UPSTAIRS unit with panoramic city and Hollywood sign views. Extra large terrace off living room perfect for relaxing and entertaining. Each unit showcases an incredible open floor plan w/ modern elements, new kitchen cabinetry, stainless steel appliances, ample closet space, abundant natural light, new windows, central A/C & heat, recessed lighting, wood flooring throughout and much more. Additional features incl motorized gated entry, ample driveway parking & optional storage garage, motion detected exterior lighting, updated plumbing & electrical, washer/dryer, tankless water heater, new driveway & large private landscaped yard. Brand new appliances, refrigerator, washer/dryer, microwave included! Located walking distance to restaurants, shopping and more!

  • August, 2019

  • Aug 14, 2019

    Date

    Sold

    CRMLS: 19435942

    $1,610,000

    Price

  • May 8, 2019

    Date

    Active Under Contract

    CRMLS: 19435942

    $1,619,000

    Price

  • Apr 12, 2019

    Date

    Price Change

    CRMLS: 19435942

    $1,619,000

    Price

  • Feb 21, 2019

    Date

    Active

    CRMLS: 19435942

    $1,669,000

    Price

  • Listing provided courtesy of CRMLS

    Freshly remodeled 3-unit triplex delivered 100% vacant and move in ready! This property features a very large 3 bedroom and 2 bathroom upstairs unit with panoramic city and Hollywood sign views plus two lower 2 bedroom and 2 bathroom units. Each unit showcases an incredible open floor plan with modern elements with new kitchen cabinetry, stainless steel appliances, ample closet space, abundant natural light, new windows, central A/C & heat, recessed lighting, wood flooring throughout and much more. Additional features include ample driveway parking and garage, updated plumbing and electrical, washer and dryer hookups in each unit, tankless water heaters, new upgraded main electrical panel with individual meters, new driveway and large private landscaped back yard. Located walking distance to restaurants, shopping and more! Perfect for owner occupy and/or income generation.

  • August, 2019

  • Aug 12, 2019

    Date

    Sold (Public Records)

    Public Records

    $1,610,000

    Price

  • November, 2017

  • Nov 8, 2017

    Date

    Sold

    CRMLS: 17270944

    $660,000

    Price

  • Sep 21, 2017

    Date

    Active Under Contract

    CRMLS: 17270944

    $400,000

    Price

  • Sep 16, 2017

    Date

    Active

    CRMLS: 17270944

    $400,000

    Price

  • Listing provided courtesy of CRMLS

    Classic Side by Side Craftsman Duplex (in LARD2 zoning) in Mid-City, short distance from the rejuvenated Washington Blvd. Both Units are 2 Bedrooms 1 Bath, Eat-in Breakfast nook and Separate Laundry room. Spacious Backyard is on a large lot with a 2 car detached garage. Both units have separate Meter for Gas & Electric. The Property is being delivered vacant. Perfect for flippers and Developers. Seller is not obligated to accept any offer he finds not worthy of his property. Please Email all offers with POF and Pre-Approval. Please Drive-By and submit offers Subject to Inspection for showings.

  • November, 2017

  • Nov 8, 2017

    Date

    Sold (Public Records)

    Public Records

    $660,000

    Price

Show More

Tax History for 1906 S Palm Grove Ave

Assessed Value (2020): $1,610,000
Year Land Value Improved Value Assessed Value
2020 $1,200,000 $410,000 $1,610,000

Home Value Compared to the Market

This property vs the competition

1906 S Palm Grove Ave sold on March 17, 2022 for 63.87% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $450.76 per/sqft which puts the price per square foot 40.3% lower than the current median sale per square foot for the city of Los Angeles.

About 1906 S Palm Grove Ave

Detailed summary of property

1906 S Palm Grove Ave is a multi family that recently sold in Los Angeles, CA 90016. This multi family property offered 7 bedrooms, 7 bathrooms, roughly 4,326 living square feet, and sits on an approximately 7,417 square foot lot. 1906 S Palm Grove Ave was first listed on ArdentRealEstateGroup.com on January 13, 2022. The homeowner sold the property for $1,950,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 63.87% higher than the current median priced home. Local homes that are currently for sale include 1726 Crenshaw Blvd, 1722 Crenshaw Blvd and 2622 S Orange Dr. While the average home in Los Angeles, CA is selling in 92 days, 1906 S Palm Grove Ave has a days on market of 15 days. There are currently 3712 homes for sale in the Los Angeles real estate market and 2493 of them are single family homes while 1120 of them are condos and 93 are townhomes. For more information on this home for sale at 1906 S Palm Grove Ave Los Angeles, CA 90016 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1906 S Palm Grove Ave

Public county record property details
Beds
7
Baths
7
Year built
1922
Sq. Ft.
4,326
Lot Size
7,416
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
44
APN
5061-015-041

The source for these homes facts are from public records.

90016 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,099,000
Median List Price/Sq.Ft.
$774
Median Sold Price
$885,000
Median Sold Price/Sq.Ft.
$699
Total Inventory
78
Median Sale to List Price %
98.44%
Avg Days on Market
30
Loan Type
Conventional (21.05%), FHA (0%), VA (0%), Cash (10.53%), Other (10.53%)

Thinking of Selling?

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Thinking of Selling?
Call, Text or Message
(714) 706-1823

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1911 S Palm Grove Ave, Los Angeles, CA 90016
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1915 S Palm Grove Ave, Los Angeles, CA 90016
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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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