2032 S Palm Grove Ave, Los Angeles, CA 90016
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2032 S Palm Grove Ave Los Angeles, CA 90016

$1,295,000
  • 4 Beds
  • 3 Baths
  • 2,102 Sq.Ft.
For Sale
$1,295,000 Get Pre-Qualified

Map preview of 2032 S Palm Grove Ave, Los Angeles, CA 90016

Property Overview: 2032 S Palm Grove Ave Los Angeles, CA has 4 bedrooms, 3 bathrooms, 2,102 living square feet and 5,801 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Looking for a property that can off-set your mortgage? This just might be the one! This charming Spanish-style duplex is an ideal opportunity for both savvy investors and owner-users. Much of the heavy lifting has already been completed, but there is still potential for additional value. Professionally remodeled in the past year WITH PERMITS (!!), including an enhanced electrical panel and wiring, roof repairs, plumbing updates, exterior remodeling, and landscaping. Unit 2034, featuring 2 beds and 1.5 baths, has undergone a complete renovation. The open concept living area is adorned with bright, oversized windows. The kitchen is a showstopper with a built-in island doubling as a dining table, newer stainless steel appliances, a tasteful herringbone backsplash, and ample storage. Both bathrooms boast sleek and modern designs, and the back bedroom provides access to the backyard through a sliding glass door. With newer HVAC, water heater, windows, and more, this unit is turn-key. Unit 2032, slightly larger with 2 beds and 1 bath, retains its charming Spanish character. Beautiful archways, a Batchelder-style fireplace, and original hardwood floors beneath the carpet await restoration. The backyard is perfect for relaxation and entertaining, featuring decomposed granite for low-maintenance landscaping. Two one-car garages have been drywalled and finished, offering versatile use as office space or storage. ADU potential presents an additional option, suitable for an owner-occupant or as a rental opportunity. Situated in a great mid-city location near Jurassic Magic, Johnny's Pastrami, Highly Likely, and just down the street from Palm Grove Social for your morning coffee. Palm Grove is a dream for owner-users, tenants and landlords alike! **Property qualifies for a reduced interest rate for owner occupants with the Community Lending Program.

Listed by Brita Kleingartner | BRE #01977100 | TRG Realty Company, Inc.
Last checked: 14 seconds ago | Last updated: March 31st, 2024 | Source CRMLS | DOM: 75
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Home details

Lot Sq. Ft
5,801
HOA Dues
$0/mo
Year built
1923
Garage
2 Car
Property Type:
Multi Family
Status
Active
MLS#
24351127
City
Los Angeles
County
Los Angeles
Time on Site
94 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 1
  • # of Leased Units: 2
  • # of Electric Meters: 2
  • # of Gas Meters: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $882
  • Total Rent: $882
  • Pro Forma/Market Rent: $3,900
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $3,895
  • Total Rent: $3,895
  • Pro Forma/Market Rent: $3,895
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 0
  • Gross Scheduled Income: --
  • Net Operating Income: $0
  • Gross Operating Income: $0
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 2032 S Palm Grove Ave

Interior Features
Cooling Information
  • Has Cooling
  • Central Air, Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Washer Included, Dryer Included
Fireplace Information
  • Has Fireplace
  • Living Room
Room Information
  • Flooring: Laminate
  • Living Room
Kitchen Information
  • Has Appliances
  • Dishwasher, Disposal, Refrigerator, Range
Interior Features
  • Open Floorplan
  • Levels: One
  • Window Features: Double Pane Windows
  • Security Features: Gated Community
  • Door Features: Sliding Doors
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 2
  • Has Parking
  • Parking Features: Driveway, Garage - Two Door
Lot Information
  • Lot Features: Back Yard, Front Yard
Property Information
  • Total # of Units: 2
  • Parcel Number: 5061015027
  • Architectural Style: Spanish
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Other
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: S of Washington
View more facts & features

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Sale History for 2032 S Palm Grove Ave

Last sold for $846,000 on February 18th, 2022
  • February, 2024

  • Feb 1, 2024

    Date

    Active

    CRMLS: 24351127

    $1,295,000

    Price

  • February, 2022

  • Feb 18, 2022

    Date

    Sold

    CRMLS: RS21222785

    $846,000

    Price

  • Oct 7, 2021

    Date

    Active

    CRMLS: RS21222785

    $899,000

    Price

  • Listing provided courtesy of CRMLS

    GREAT INVESTMENT OPPORTUNITY to OWN a DUPLEX in an EXCELLENT neighborhood, just minutes from The Grove, Culver City, and Downtown LA. The Front unit consists of a 2 bedroom/1 bath and the rear unit consists of a 1 bedroom/1 bath with access to the backyard. There is TWO car detached garage in the rear, with a long driveway. This DUPLEX is Well located in close proximity to the Expo light Rail, the upcoming Crenshaw subway station, culver city, DTLA, USC, shops, and restaurants. This DUPLEX is also minutes from Museum row and Miracle Mile, along the Mid-city corridor. The cafes and boutiques along Pico Blvd have turned this into a thriving neighborhood with shops & restaurants. This AMZAZING INVESTMENT OPPORTUNITY WILL NOT LAST!!!!

  • August, 2016

  • Aug 12, 2016

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • April, 2016

  • Apr 27, 2016

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 2032 S Palm Grove Ave

Assessed Value (2020): $151,524
Year Land Value Improved Value Assessed Value
2020 $94,709 $56,815 $151,524

Home Value Compared to the Market

This property vs the competition

2032 S Palm Grove Ave is listed 4.86% higher than the median list price for the city of Los Angeles which has a median list price of $1,235,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $616.08 per/sqft which puts the price per square foot 20.4% lower than the median price per square foot for the city of Los Angeles.

About 2032 S Palm Grove Ave

Detailed summary of property

2032 S Palm Grove Ave is a multi family located in Los Angeles, CA 90016 and is currently for sale. This multi family property offers 4 bedrooms, 3 bathrooms, roughly 2,102 living square feet, and sits on an approximately 5,801 square foot lot. 2032 S Palm Grove Ave was first listed on ArdentRealEstateGroup.com on February 1, 2024. The homeowner is currently asking $1,295,000. The median priced home in Los Angeles is $1,235,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 4.86% higher than the median priced home. Local competing homes currently for sale include 2314 Crenshaw Blvd, 2546 S Bronson Ave and 2546 S Bronson Ave. While the average home in Los Angeles, CA is selling in 94 days, 2032 S Palm Grove Ave has a days on market of 75 days. There are currently 3580 homes for sale in the Los Angeles real estate market and 2422 of them are single family homes while 1059 of them are condos and 93 are townhomes. For more information on this home for sale at 2032 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 2032 S Palm Grove Ave

Public county record property details
Beds
3
Baths
2
Year built
1923
Sq. Ft.
2,102
Lot Size
5,799
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
31
APN
5061-015-027

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
$1,100,000
Median List Price/Sq.Ft.
$781
Median Sold Price
$885,000
Median Sold Price/Sq.Ft.
$699
Total Inventory
73
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%)

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Related Resources to 2032 S Palm Grove Ave

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.