Listing Courtesy of: CRMLS / Century 21 Masters / Andrew "Andrew Watkins" Watkins
2700 S Palm Grove Avenue Los Angeles, CA 90016
Active (28 Days)
$1,549,500
OPEN HOUSE TIMES
-
OPENSun, Apr 131:00 pm - 4:00 pm
Description
Welcome to 2700 and 2702 Palm Grove Ave.-a stunning new construction home in the heart of red-hot West Adams. Best of all, **YOU CAN OWN THIS PROPERTY FOR AS LITTLE AS $2,925/month** thanks to rental income from the legal 1BD/1BA ADU (estimated rent: $2,950), offsetting a $5,875 monthly mortgage. The front home offers 4BD/3BA with an open, sunlit floor plan, sleek modern finishes, recessed lighting, and all-new systems including plumbing, electrical, roof, HVAC, tankless water heater, luxury appliances, and more. The detached ADU is fully permitted, features its own private entrance, mini-split HVAC, updated systems, and endless flexibility as a rental, guest house, or home office. One car garage is drywalled with electrical for home office, art studio or more. Built to the latest LADBS standards, the property includes a complete water capture and recirculation system and fire sprinklers throughout. The seller will even **PAY YOUR FIRST YEAR PROPERTY TAXES**, adding exceptional value. Located minutes from the Expo and Crenshaw Lines and close to hotspots like Tartine, Mizlala, Alta, and Delicious Pizza. **SPECIAL LENDER FINANCING** make this is a rare chance to own a brand-new, move-in-ready home in one of LA's most dynamic neighborhoods. Gross Scheduled Income: $105,600; Expenses: $21,425; Net Operating Income: $84,175; GRM: 14.67; Cap Rate: 5.43%.
MLS #:
25511633
25511633
Lot Size
5,200 SQFT
5,200 SQFT
Type
Multifamily
Multifamily
Year Built
1924
1924
Style
Contemporary
Contemporary
County
Los Angeles County
Los Angeles County
Listed By
Andrew "Andrew Watkins" Watkins, DRE #01478668 CA, Century 21 Masters
Source
CRMLS
Last checked Apr 11 2025 at 11:29 PM GMT+0000
CRMLS
Last checked Apr 11 2025 at 11:29 PM GMT+0000
Bathroom Details
Interior Features
- Dishwasher
- Microwave
- Disposal
- Refrigerator
Heating and Cooling
- Forced Air
- Central Air
Parking
- Driveway
- Garage
- Door-Single
Stories
- 1
Living Area
- 2,131 sqft
Location
Listing Price History
Date
Event
Price
% Change
$ (+/-)
Apr 01, 2025
Price Changed
$1,549,500
-2%
-25,500
Mar 14, 2025
Original Price
$1,575,000
-
-
Estimated Monthly Mortgage Payment
*Based on Fixed Interest Rate withe a 30 year term, principal and interest only
Listing price
Down payment
%
Interest rate
%Mortgage calculator estimates are provided by C21 Masters and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.
Disclaimer: Based on information from California Regional Multiple Listing Service, Inc. as of 2/22/23 10:28 and /or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable.
