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2952 S Palm Grove Ave, Los Angeles, CA 90016
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2952 S Palm Grove Ave Los Angeles, CA 90016

$1,125,000 Sold Price as of 11/19/2021
  • 4 Beds
  • 2 Baths
  • 2,166 Sq.Ft.
Sold
$1,125,000 Sold Price as of 11/19/2021 Refinance Your Mortgage
Map preview of 2952 S Palm Grove Ave, Los Angeles, CA 90016

Property Overview: 2952 S Palm Grove Ave Los Angeles, CA has 4 bedrooms, 2 bathrooms, 2,166 living square feet and 5,199 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: PRICED TO SELL! First time on the market in 16 years. Beautiful, large 2 story duplex located in mid-city. Top unit will be vacant Nov 30th, current rent $1750/month. Bottom unit current rent $2000/month. Both units are 2 bedroom, 1 bath with open concept dining/living room area, kitchen with breakfast nook and separate laundry room, bathrooms have large tub and separate shower stall. Both units have their own private enclosed garage with electricity. Bottom unit has new washer/dryer, stove, microwave and dishwasher. Top unit has new tiled bathroom floor, dishwasher, refrigerator and hot water heater. Property is fully gated and has a large shared backyard. Located within minutes to the Metro Line, Target, Sprouts, cafes, art galleries, Adams wine shop and more.

Listed by Dwayne P Henry | BRE #01250935 | Westside Estate Agency Inc.
Last checked: 3 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 13

Home details

Lot Sq. Ft
5,199
HOA Dues
$0/mo
Year built
1931
Garage
2 Car
Property Type:
Multi Family
Status
Sold
MLS#
21784494
City
Los Angeles
County
Los Angeles
Time on Site
970 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,000
  • Total Rent: $2,000
  • Pro Forma/Market Rent: $2,300
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,750
  • Total Rent: $1,750
  • Pro Forma/Market Rent: $2,300
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 25
  • Gross Scheduled Income: --
  • Net Operating Income: $22,391
  • Gross Operating Income: $43,800
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 2952 S Palm Grove Ave

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Washer Included, Dryer Included, Stackable, Inside
Room Information
  • Flooring: Wood, Tile
  • Living Room
Kitchen Information
  • Has Appliances
  • Dishwasher, Refrigerator, Gas Cooktop
Interior Features
  • Ceiling Fan(s)
  • Levels: Two
  • Security Features: Carbon Monoxide Detector(s), Gated Community, Smoke Detector(s)
Exterior Features
Exterior Information
  • Roof: Composition
  • Has Spa
Exterior Features
  • Pool Features: See Remarks
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 2
  • Has Parking
  • Parking Features: Detached Carport, Driveway, Garage, Garage - Single Door, Covered
Lot Information
  • Lot Features: Back Yard, Front Yard
Property Information
  • Total # of Units: 2
  • Parcel Number: 5057025014
  • Architectural Style: Spanish
  • Foundation Details: Raised
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Other
Location / Neighborhood
Location Information
  • Directions: North Of Jefferson East Of La Brea
View more facts & features

Local Los Angeles Agent

Sale History for 2952 S Palm Grove Ave

Last sold for $1,125,000 on November 19th, 2021

  • October, 2021

  • Oct 7, 2021

    Date

    Active Under Contract

    CRMLS: 21784494

    $1,100,000

    Price

  • June, 2005

  • Jun 14, 2005

    Date

    Sold (Public Records)

    Public Records

    $521,000

    Price

Show More

Tax History for 2952 S Palm Grove Ave

Assessed Value (2020): $725,010
Year Land Value Improved Value Assessed Value
2020 $497,445 $227,565 $725,010

Home Value Compared to the Market

This property vs the competition

2952 S Palm Grove Ave sold on November 19, 2021 for 7.56% 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 $507.85 per/sqft which puts the price per square foot 32.74% lower than the current median sale per square foot for the city of Los Angeles.

About 2952 S Palm Grove Ave

Detailed summary of property

2952 S Palm Grove Ave is a multi family that recently sold in Los Angeles, CA 90016. This multi family property offered 4 bedrooms, 2 bathrooms, roughly 2,166 living square feet, and sits on an approximately 5,199 square foot lot. 2952 S Palm Grove Ave was first listed on ArdentRealEstateGroup.com on September 21, 2021. The homeowner sold the property for $1,125,000. 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 7.56% lower than the current median priced home. Local homes that are currently for sale include 1814 S Sycamore Ave, 2045 S Burnside Ave and 2546 S Bronson Ave. While the average home in Los Angeles, CA is selling in 92 days, 2952 S Palm Grove Ave has a days on market of 13 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 2952 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 2952 S Palm Grove Ave

Public county record property details
Beds
4
Baths
2
Year built
1931
Sq. Ft.
2,166
Lot Size
5,199
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
550
APN
5057-025-014

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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(714) 706-1823

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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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