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2042 S Palm Grove Ave, Los Angeles, CA 90016
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2042 S Palm Grove Ave Los Angeles, CA 90016

$905,000 Sold Price as of 02/12/2020
  • 5 Beds
  • 2 Baths
  • 2,620 Sq.Ft.
Sold
$905,000 Sold Price as of 02/12/2020 Refinance Your Mortgage
Map preview of 2042 S Palm Grove Ave, Los Angeles, CA 90016

Property Overview: 2042 S Palm Grove Ave Los Angeles, CA has 5 bedrooms, 2 bathrooms, 2,620 living square feet and 6,541 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Great opportunity to own this duplex in LA, three Bedrooms and one bathroom with an additional 212 sqft permitted room with a total sqft of 2832, currently use as a fourth bedroom, back unit has two bedrooms and one bathroom.

Listed by Rosemary Bargas | BRE #01233484 | Precept Real Estate Services
Last checked: 2 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 82

Home details

Lot Sq. Ft
6,541
HOA Dues
$0/mo
Year built
1924
Garage
2 Car
Property Type:
Duplex
Status
Sold
MLS#
SR19217736
City
Los Angeles
County
Los Angeles
Time on Site
1221 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 1
  • # of Leased Units: 1
  • # of Electric Meters: 2
  • # of Gas Meters: 2
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,600
  • Total Rent: $1,600
  • Pro Forma/Market Rent: $1,600
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $19,200
  • Net Operating Income: $11,551
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $7,649
  • New Taxes: $4,129
  • Trash: $1,110
  • Insurance: $1,300
  • Water/Sewer: $1,110

Property Details for 2042 S Palm Grove Ave

Interior Features
Laundry Information
  • Has Laundry
  • Gas Dryer Hookup, Individual Room
Fireplace Information
  • Has Fireplace
  • Living Room
Room Information
  • Flooring: Tile, Wood
  • All Bedrooms Down, Laundry, Living Room
Interior Features
  • Levels: One
Exterior Features
Exterior Information
  • Roof: Shingle
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 2
Lot Information
  • Lot Features: Corner Lot
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 1 Common Wall
  • Total # of Units: 2
  • Parcel Number: 5061015025
  • Year Built Source: Assessor
  • Architectural Style: Traditional
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Assessment Information
  • Has Assessments
  • Assessments: Buyer to Verify
Location / Neighborhood
Location Information
  • Directions: From 10 Fwy get off on South La Brea make a right on 21st and property is on the corner of 21st and Palm Grove Ave.
Neighborhood Information
  • Community Features: Street Lights
View more facts & features

Local Los Angeles Agent

Sale History for 2042 S Palm Grove Ave

Last sold for $905,000 on February 12th, 2020

  • February, 2020

  • Feb 14, 2020

    Date

    Sold

    CRMLS: SR19217736

    $905,000

    Price

  • Jan 30, 2020

    Date

    Pending

    CRMLS: SR19217736

    $890,000

    Price

  • Jan 21, 2020

    Date

    Sold

    CRMLS: SR19217736

    $905,000

    Price

  • Dec 10, 2019

    Date

    Pending

    CRMLS: SR19217736

    $890,000

    Price

  • Sep 18, 2019

    Date

    Active

    CRMLS: SR19217736

    $890,000

    Price

  • February, 2020

  • Feb 12, 2020

    Date

    Sold (Public Records)

    Public Records

    $905,000

    Price

  • April, 1999

  • Apr 2, 1999

    Date

    Sold (Public Records)

    Public Records

    $183,000

    Price

Show More

Tax History for 2042 S Palm Grove Ave

Assessed Value (2020): $330,837
Year Land Value Improved Value Assessed Value
2020 $256,025 $74,812 $330,837

Home Value Compared to the Market

This property vs the competition

2042 S Palm Grove Ave sold on February 12, 2020 for 25.21% lower 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 $339.69 per/sqft which puts the price per square foot 55.01% lower than the current median sale per square foot for the city of Los Angeles.

About 2042 S Palm Grove Ave

Detailed summary of property

2042 S Palm Grove Ave is a duplex that recently sold in Los Angeles, CA 90016. This duplex offered 5 bedrooms, 2 bathrooms, roughly 2,620 living square feet, and sits on an approximately 6,541 square foot lot. 2042 S Palm Grove Ave was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $905,000. 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 25.21% lower than the current median priced home. Local homes that are currently for sale include 2121 Thurman Ave, 2242 W 29th St and 1719 W 35th St. While the average home in Los Angeles, CA is selling in 92 days, 2042 S Palm Grove Ave has a days on market of 82 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 2042 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 2042 S Palm Grove Ave

Public county record property details
Beds
5
Baths
2
Year built
1924
Sq. Ft.
2,620
Lot Size
6,543
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
29
APN
5061-015-025

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
$1,060,000
Median List Price/Sq.Ft.
$740
Median Sold Price
$885,000
Median Sold Price/Sq.Ft.
$699
Total Inventory
76
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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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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