Search
2514 S Palm Grove Ave, Los Angeles, CA 90016
Image 2 for 2514 S Palm Grove Ave, Los Angeles, CA 90016
Image 3 for 2514 S Palm Grove Ave, Los Angeles, CA 90016
View Photos

2514 S Palm Grove Ave Los Angeles, CA 90016

$2,220,000 Sold Price as of 11/10/2021
  • 10 Beds
  • 10 Baths
  • 4,212 Sq.Ft.
Sold
$2,220,000 Sold Price as of 11/10/2021 Refinance Your Mortgage
Map preview of 2514 S Palm Grove Ave, Los Angeles, CA 90016

Property Overview: 2514 S Palm Grove Ave Los Angeles, CA has 10 bedrooms, 10 bathrooms, 4,212 living square feet and 4,948 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: This ground up, BRAND NEW Construction featuring 3 units is the perfect investment! The beautifully designed units consist of a spacious 4 bed 4.5 bath single family home in the front and duplex with 3 bed 3 bath units in the back. Fabulous open plan kitchens with beautiful cabinets, perfect for home entertaining! Brand new stainless steel appliances. Lovely bathrooms with beautiful decor tiles and finishes. The property is centrally located and minutes away from Downtown LA, designer stores, bars, restaurants, attractions and Sony Studio, making it very desirable to those wanting easy access to Culver City or Downtown! Also, close to the 10 Freeway, giving great access to all surrounding areas. This turnkey property features fourth electric meter and gas/water meters for each unit, making it easy to manage!

Listed by Maria Anderson | BRE #01874132 | Phoenix RE Consulting
Co-listed by Mark Anderson | BRE #01899603 | Phoenix RE Consulting
Last checked: 5 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 66

Home details

Lot Sq. Ft
4,948
HOA Dues
$0/mo
Year built
2020
Garage
1 Car
Property Type:
Multi Family
Status
Sold
MLS#
21770670
City
Los Angeles
County
Los Angeles
Time on Site
1001 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 4
  • Furnishing: Unfurnished
  • Actual Rent: $4,500
  • Total Rent: $4,500
  • Pro Forma/Market Rent: $4,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 3
  • Furnishing: Unfurnished
  • Actual Rent: $3,600
  • Total Rent: $3,600
  • Pro Forma/Market Rent: $3,600
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 3
  • Furnishing: Unfurnished
  • Actual Rent: $3,600
  • Total Rent: $3,600
  • Pro Forma/Market Rent: $3,600
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 15.95
  • Gross Scheduled Income: --
  • Net Operating Income: $109,168
  • Gross Operating Income: $136,188
Annual Expense Breakdown
  • Total Operating Expense: --
  • Electric: $800
  • New Taxes: $23,000
  • Gardener: $720
  • Insurance: $2,500

Property Details for 2514 S Palm Grove Ave

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Kitchen Information
  • Has Appliances
  • Dishwasher, Disposal, Refrigerator
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 1
  • # of Parking Spaces: 6
  • Has Parking
  • Parking Features: Assigned
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 3
  • Parcel Number: 5057003009
Location / Neighborhood
Location Information
  • Directions: East of La Brea, Between Adams Ave and 10 Fwy
View more facts & features

Local Los Angeles Agent

Sale History for 2514 S Palm Grove Ave

Last sold for $2,220,000 on November 10th, 2021

  • August, 2021

  • Aug 10, 2021

    Date

    Active

    CRMLS: 21770670

    $2,240,000

    Price

  • January, 2021

  • Jan 16, 2021

    Date

    Canceled

    CRMLS: 20620386

    $2,175,000

    Price

  • Nov 13, 2020

    Date

    Price Change

    CRMLS: 20620386

    $2,175,000

    Price

  • Sep 16, 2020

    Date

    Price Change

    CRMLS: 20620386

    $2,199,000

    Price

  • Aug 25, 2020

    Date

    Active

    CRMLS: 20620386

    $2,225,000

    Price

  • Listing provided courtesy of CRMLS

  • October, 2020

  • Oct 21, 2020

    Date

    Leased

    CRMLS: 20624072

    $3,600

    Price

  • Sep 25, 2020

    Date

    Active

    CRMLS: 20624072

    $3,600

    Price

  • Listing provided courtesy of CRMLS

    BRAND NEW Construction! The beautifully designed units consist of a spacious 3 bed 3 bath. Fabulous open plan kitchens with beautiful cabinets, perfect for home entertaining! Brand new stainless steel appliances. Lovely bathrooms with beautiful decor tiles and finishes. The property is centrally located and minutes away from Downtown LA, designer stores, bars, restaurants, attractions and Sony Studio, making it very desirable to those wanting easy access to Culver City or Downtown! Also, close to the 10 Freeway, giving great access to all surrounding areas. This turnkey property features fourth electric meter and gas/water meters for each unit, making it easy to manage.

  • October, 2020

  • Oct 14, 2020

    Date

    Leased

    CRMLS: 20623912

    $4,500

    Price

  • Sep 25, 2020

    Date

    Active

    CRMLS: 20623912

    $4,500

    Price

  • Listing provided courtesy of CRMLS

    BRAND NEW Construction! The beautifully designed units consist of a spacious 4 bed 4.5 bath. Fabulous open plan kitchens with beautiful cabinets, perfect for home entertaining! Brand new stainless steel appliances. Lovely bathrooms with beautiful decor tiles and finishes. The property is centrally located and minutes away from Downtown LA, designer stores, bars, restaurants, attractions and Sony Studio, making it very desirable to those wanting easy access to Culver City or Downtown! Also, close to the 10 Freeway, giving great access to all surrounding areas. This turnkey property features fourth electric meter and gas/water meters for each unit, making it easy to manage.

  • February, 2019

  • Feb 26, 2019

    Date

    Sold

    CRMLS: 18413832

    $585,000

    Price

  • Jan 5, 2019

    Date

    Active Under Contract

    CRMLS: 18413832

    $589,000

    Price

  • Dec 6, 2018

    Date

    Active

    CRMLS: 18413832

    $589,000

    Price

  • Listing provided courtesy of CRMLS

    Investor's opportunity. Investor's opportunity. Flippers or buy and hold chance in upcoming neighborhood. Property has a lot of modification and illegal addition.Property is to be sold AsIs and seller will not do any repairs.

  • February, 2019

  • Feb 20, 2019

    Date

    Sold (Public Records)

    Public Records

    $585,000

    Price

  • November, 2018

  • Nov 27, 2018

    Date

    Sold

    CRMLS: CV18238614

    $490,000

    Price

  • Oct 25, 2018

    Date

    Pending

    CRMLS: CV18238614

    $550,000

    Price

  • Oct 1, 2018

    Date

    Active

    CRMLS: CV18238614

    $550,000

    Price

  • Listing provided courtesy of CRMLS

    Investors Nice Duplex with lots of potential, room for Income property. The Duplex has been altered and in need of repair and possible tear down of parts of the property. Two bedroom, two bath, close to freeways, schools, and shopping centers. Investors would love this property, it has much potential and room for growth. Investors can make this property beautiful

  • November, 2018

  • Nov 16, 2018

    Date

    Sold (Public Records)

    Public Records

    $490,000

    Price

Show More

Tax History for 2514 S Palm Grove Ave

Assessed Value (2020): $596,700
Year Land Value Improved Value Assessed Value
2020 $408,000 $188,700 $596,700

Home Value Compared to the Market

This property vs the competition

2514 S Palm Grove Ave sold on November 10, 2021 for 88.24% 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 $531.81 per/sqft which puts the price per square foot 29.56% lower than the current median sale per square foot for the city of Los Angeles.

About 2514 S Palm Grove Ave

Detailed summary of property

2514 S Palm Grove Ave is a multi family that recently sold in Los Angeles, CA 90016. This multi family property offered 10 bedrooms, 10 bathrooms, roughly 4,212 living square feet, and sits on an approximately 4,948 square foot lot. 2514 S Palm Grove Ave was first listed on ArdentRealEstateGroup.com on August 10, 2021. The homeowner sold the property for $2,220,000. 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 88.24% higher than the current median priced home. Local homes that are currently for sale include 1424 Meadowbrook Ave, 1358 S Cochran Ave and 3837 Montclair St. While the average home in Los Angeles, CA is selling in 94 days, 2514 S Palm Grove Ave has a days on market of 66 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 2514 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 2514 S Palm Grove Ave

Public county record property details
Beds
2
Baths
2
Year built
1923
Sq. Ft.
1,446
Lot Size
4,947
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
331
APN
5057-003-009

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%)

Thinking of Selling?

Image Description
Is this your property?
Thinking of Selling?
Call, Text or Message
(714) 706-1823

Homes for Sale Near 2514 S Palm Grove Ave

Nearby Homes for Sale

2533 Lucerne Ave, Los Angeles, CA 90016
$2,200,000
12 Beds
6 Baths
5530 Sq.Ft.
2533 Lucerne Ave
Los Angeles, CA 90016
4809 W Adams Blvd, Los Angeles, CA 90016
$2,445,000
225 Beds
60 Baths
3472 Sq.Ft.
4809 W Adams Blvd
Los Angeles, CA 90016
3020 West Blvd, Los Angeles, CA 90016
$2,250,000
4 Beds
6 Baths
3294 Sq.Ft.
3020 West Blvd
Los Angeles, CA 90016
5134 W Washington Blvd, Los Angeles, CA 90016
$1,999,000
3 Beds
13 Baths
3526 Sq.Ft.
5134 W Washington Blvd
Los Angeles, CA 90016
4526 St Elmo Dr, Los Angeles, CA 90019
$1,795,000
8 Beds
7 Baths
3620 Sq.Ft.
4526 St Elmo Dr
Los Angeles, CA 90019
4400 W Washington Blvd, Los Angeles, CA 90016
$2,520,000
16 Beds
7 Baths
5624 Sq.Ft.
4400 W Washington Blvd
Los Angeles, CA 90016
1831 S Redondo Blvd, Los Angeles, CA 90019
$1,950,000
24 Beds
24 Baths
3720 Sq.Ft.
1831 S Redondo Blvd
Los Angeles, CA 90019
2637 S Redondo Blvd, Los Angeles, CA 90016
$1,895,000
8 Beds
8 Baths
3616 Sq.Ft.
2637 S Redondo Blvd
Los Angeles, CA 90016
2938 S Orange Dr, Los Angeles, CA 90016
$2,495,000
4 Beds
3 Baths
2173 Sq.Ft.
2938 S Orange Dr
Los Angeles, CA 90016
2942 S Orange Dr, Los Angeles, CA 90016
$2,495,000
3 Beds
2 Baths
1980 Sq.Ft.
2942 S Orange Dr
Los Angeles, CA 90016
4817 St Charles Pl, Los Angeles, CA 90019
$2,340,000
0 Beds
15 Baths
6520 Sq.Ft.
4817 St Charles Pl
Los Angeles, CA 90019
4639 Lomita St, Los Angeles, CA 90019
$2,350,000
14 Beds
12 Baths
7598 Sq.Ft.
4639 Lomita St
Los Angeles, CA 90019

Recently Sold Homes Near 2514 S Palm Grove Ave

4771 W Adams, Los Angeles, CA 90016
$2,150,000 Last Sold Price
4 Beds
4 Baths
4717 Sq.Ft.
4771 W Adams
Los Angeles, CA 90016
2611 Vineyard Ave, Los Angeles, CA 90016
$945,000 Last Sold Price
6 Beds
4 Baths
2888 Sq.Ft.
2611 Vineyard Ave
Los Angeles, CA 90016
2610 S Harcourt Ave, Los Angeles, CA 90016
$1,000,000 Last Sold Price
4 Beds
4 Baths
2654 Sq.Ft.
2610 S Harcourt Ave
Los Angeles, CA 90016
2628 Vineyard Ave, Los Angeles, CA 90016
$1,550,000 Last Sold Price
9 Beds
5 Baths
2885 Sq.Ft.
2628 Vineyard Ave
Los Angeles, CA 90016

Related Resources to 2514 S Palm Grove Ave

New Listings in 90016
Popular Zip Codes
Popular Cities
Other Los Angeles Resources

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.

Refi Quote