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2800 S Palm Grove Ave, Los Angeles, CA 90016
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2800 S Palm Grove Ave Los Angeles, CA 90016

$1,070,000 Sold Price as of 07/12/2019
  • 5 Beds
  • 4 Baths
  • 4,080 Sq.Ft.
Sold
$1,070,000 Sold Price as of 07/12/2019 Refinance Your Mortgage
Map preview of 2800 S Palm Grove Ave, Los Angeles, CA 90016

Property Overview: 2800 S Palm Grove Ave Los Angeles, CA has 5 bedrooms, 4 bathrooms, 4,080 living square feet and 5,204 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 2800 S Palm Grove Ave offers a new investor the opportunity to purchase a 4-unit apartment complex with 3 units already renovated. One of the 1-bedroom units is much larger and has a den that can be used as a bonus room or potential second bedroom. Every unit has upside potential with washer and dryer hookups and four car parking garage in rear. Great corner lot location in the dense rental market of Mid City Los Angeles. No showings without an accepted offer. The building is fully occupied so PLEASE DO NOT DISTURB THE TENANTS!!!

Listed by Chase Simonton | BRE #01766871 | Keller Williams-Santa Monica
Co-listed by Jason Flashman | BRE #01841976 | Keller Williams-Santa Monica
Last checked: 12 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 20

Home details

Lot Sq. Ft
5,204
HOA Dues
$0/mo
Year built
1922
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
19458442
City
Los Angeles
County
Los Angeles
Time on Site
1208 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,100
  • Total Rent: $2,100
  • Pro Forma/Market Rent: $2,300
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Actual Rent: $1,350
  • Total Rent: $1,350
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Actual Rent: $1,250
  • Total Rent: $1,250
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Actual Rent: $1,650
  • Total Rent: $1,650
  • Pro Forma/Market Rent: $1,800
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 3.79%
  • Gross Rent Multiplier: 15.75
  • Gross Scheduled Income: --
  • Net Operating Income: $45,486
  • Gross Operating Income: $76,200
  • Improvements Total: $82,448
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 2800 S Palm Grove Ave

Interior Features
Cooling Information
  • Has Cooling
  • See Remarks
Laundry Information
  • Has Laundry
  • See Remarks
Lot Details / Garage and Parking
Property Information
  • Total # of Units: 4
  • Parcel Number: 5057016001
Location / Neighborhood
Location Information
  • Directions: South of Adams, East of La brea
View more facts & features

Local Los Angeles Agent

Sale History for 2800 S Palm Grove Ave

Last sold for $1,075,000 on July 12th, 2019

  • July, 2019

  • Jul 12, 2019

    Date

    Sold

    CRMLS: 19458442

    $1,070,000

    Price

  • Jun 10, 2019

    Date

    Pending

    CRMLS: 19458442

    $1,200,000

    Price

  • May 13, 2019

    Date

    Active Under Contract

    CRMLS: 19458442

    $1,200,000

    Price

  • Apr 24, 2019

    Date

    Active

    CRMLS: 19458442

    $1,200,000

    Price

  • July, 2019

  • Jul 12, 2019

    Date

    Sold (Public Records)

    Public Records

    $1,075,000

    Price

  • March, 2012

  • Mar 9, 2012

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 2800 S Palm Grove Ave

Assessed Value (2020): $1,075,000
Year Land Value Improved Value Assessed Value
2020 $800,000 $275,000 $1,075,000

Home Value Compared to the Market

This property vs the competition

2800 S Palm Grove Ave sold on July 12, 2019 for 0.84% 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 $294.12 per/sqft which puts the price per square foot 61.04% lower than the current median sale per square foot for the city of Los Angeles.

About 2800 S Palm Grove Ave

Detailed summary of property

2800 S Palm Grove Ave is a multi family that recently sold in Los Angeles, CA 90016. This multi family property offered 5 bedrooms, 4 bathrooms, roughly 4,080 living square feet, and sits on an approximately 5,204 square foot lot. 2800 S Palm Grove Ave was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $1,070,000. 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 0.84% higher than the current median priced home. Local homes that are currently for sale include 5346 Smiley Dr, 2049 S Burnside Ave and 2045 S Burnside Ave. While the average home in Los Angeles, CA is selling in 96 days, 2800 S Palm Grove Ave has a days on market of 20 days. There are currently 3485 homes for sale in the Los Angeles real estate market and 2372 of them are single family homes while 1013 of them are condos and 94 are townhomes. For more information on this home for sale at 2800 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 2800 S Palm Grove Ave

Public county record property details
Beds
4
Baths
4
Year built
1922
Sq. Ft.
4,080
Lot Size
5,204
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
522
APN
5057-016-001

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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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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