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1911 S Palm Grove Ave #4 Los Angeles, CA 90016

$1,590,000 Sold Price as of 11/13/2020

9 Beds
8 Baths
-- Sq.Ft.

Sold

$1,590,000 Sold Price as of 11/13/2020 Refinance Your Mortgage

Map preview of 1911 S Palm Grove Ave #4, Los Angeles, CA 90016

Property Overview: 1911 S Palm Grove Ave #4 Los Angeles, CA has 9 bedrooms, 8 bathrooms, -- living square feet and 6,677 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Please note: Court Confirmation date 9/25/2020 at 8:30am Dept 29. Superior Court 111 North Hill Street Los Angeles 90012. Minimum Overbid Amount $1,313,000.00. All interested overbidders must have a Cashier Check payable to the Conservatorship of Mabel Miles, the amount must be 3% of the highest amount the buyer will bid. Sold as is no contingencies. Escrow to close 10days after court. Great upside potential in this "Best Buy" in this most desirable area! Stylish 8 unit building some units have "Views! Building has 5 spacious one (1) bedroom units, two (2) bedroom units and one single. At the close of escrow two one bedroom units to be delivered vacant. PLEASE do not walk on the property. There are a few longtime tenants none are section 8. The property will need soft story retrofit in the front of building buyer to be responsible; the seller does not have a retrofit bid amount. Prime Mid City growth area. Minutes to La Brea eateries, Theater and Arts distric

Listed by Janet Singleton | BRE #01083219 | Coldwell Banker Realty

Last checked: 13 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 70

Home details

Lot Sq. Ft: 6,677
HOA Dues: $0/mo
Year built: 1963
Garage: --
Property Type:: Multi Family

Status: Sold
MLS#: 20547498
City: Los Angeles
County: Los Angeles
Time on Site: 1223 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 8
Total # of Buildings: 1

Unit Breakdown 1

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $741
Total Rent: $741
Pro Forma/Market Rent: $1,400

Unit Breakdown 2

# of Units: 1
# of Beds: 2
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,079
Total Rent: $1,079
Pro Forma/Market Rent: $1,900

Unit Breakdown 3

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $855
Total Rent: $855
Pro Forma/Market Rent: $1,400

Unit Breakdown 4

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Total Rent: $0
Pro Forma/Market Rent: $1,400

Unit Breakdown 5

# of Units: 1
# of Beds: 0
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $398
Total Rent: $398
Pro Forma/Market Rent: $1,100

Unit Breakdown 6

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $855
Total Rent: $855
Pro Forma/Market Rent: $1,400

Unit Breakdown 7

# of Units: 1
# of Beds: 2
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,400
Total Rent: $1,400
Pro Forma/Market Rent: $1,900

Unit Breakdown 8

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Total Rent: $0
Pro Forma/Market Rent: $1,600

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: 0
Gross Scheduled Income: --
Net Operating Income: $0
Gross Operating Income: $63,965

Annual Expense Breakdown

Total Operating Expense: --

Property Details for 1911 S Palm Grove Ave #4

Interior Features

Cooling Information

No Cooling
None

Heating Information

Has Heating
Wall Furnace

Exterior Features

Exterior Information

Roof: Composition, Shingle
Other Structures: Shed(s)
No Spa
Spa Features: None

Lot Details / Garage and Parking

Parking/Garage Information

Has Parking
Parking Features: Carport

Property Information

Has View
View: Peek-A-Boo
Total # of Units: 8
Parcel Number: 5061016005

Location / Neighborhood

Location Information

Directions: East of La Brea just South of Washington Blvd West of Crenshaw

View more facts & features

Local Los Angeles Agent

Sale History for 1911 S Palm Grove Ave #4

Last sold for $1,590,000 on November 13th, 2020

November, 2020
Nov 20, 2020

Date

Sold

CRMLS: 20547498

$1,590,000

Price
Sep 22, 2020

Date

Active Under Contract

CRMLS: 20547498

$1,540,000

Price
May 14, 2020

Date

Pending

CRMLS: 20547498

$1,540,000

Price
Apr 8, 2020

Date

Price Change

CRMLS: 20547498

$1,540,000

Price
Mar 26, 2020

Date

Pending

CRMLS: 20547498

$1,300,000

Price
Mar 23, 2020

Date

Active

CRMLS: 20547498

$1,300,000

Price
Feb 27, 2020

Date

Pending

CRMLS: 20547498

$1,300,000

Price
Jan 26, 2020

Date

Active

CRMLS: 20547498

$1,300,000

Price
November, 2020
Nov 13, 2020

Date

Sold (Public Records)

Public Records

$1,590,000

Price
May, 2014
May 13, 2014

Date

Sold (Public Records)

Public Records

$250,000

Price

Tax History for 1911 S Palm Grove Ave #4

Assessed Value (2020): $129,295

Year	Land Value	Improved Value	Assessed Value
2020	$23,505	$105,790	$129,295

Home Value Compared to the Market

This property vs the competition

1911 S Palm Grove Ave #4 sold on November 13, 2020 for 29.41% higher than the current median sold price for the city of Los Angeles which is $1,190,000.

About 1911 S Palm Grove Ave #4

Detailed summary of property

1911 S Palm Grove Ave #4 is a multi family that recently sold in Los Angeles, CA 90016. This multi family property offered 9 bedrooms, 8 bathrooms, roughly -- living square feet, and sits on an approximately 6,677 square foot lot. 1911 S Palm Grove Ave #4 was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $1,590,000. 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 29.41% higher than the current median priced home. Local homes that are currently for sale include 2818 S Bronson Ave, 4809-4811 Dockweiler St and 1717 Crenshaw Blvd. While the average home in Los Angeles, CA is selling in 92 days, 1911 S Palm Grove Ave #4 has a days on market of 70 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 1911 S Palm Grove Ave #4 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 1911 S Palm Grove Ave #4

Public county record property details

Beds: --
Baths: --
Year built: 1963
Sq. Ft.: 5,980
Lot Size: 6,676
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 45
APN: 5061-016-005

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

Median Sale to List Price %

98.44%

Avg Days on Market

Loan Type

Conventional (21.05%), FHA (0%), VA (0%), Cash (10.53%), Other (10.53%)

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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.