Five-Unit Apartment Building

2116 S Palm Grove Avenue, Los Angeles, CA 90016

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New

For Sale

$1,297,777

Commercial/Residential - Los Angeles, CA

Property size:

5,075 SF

Lot size:

5,645.00 Acres

Price / SF:

$255/SF

HighLights

5‑unit multifamily built in 1924
Over 5,000 SF of unique construction
2 units were fully renovated recently
Community features include street lights and sidewalks
2‑5 units per acre

We can help!

Contact an agent

Gustavo Islas

For Sale

$1,297,777

Commercial/Residential - Los Angeles, CA

Property size:

5,075 SF

Lot size:

5,645.00 Acres

Price / SF:

$255/SF

Added:: Jun 26, 2026
Days on Market:: 2
Last Refresh:: Jun 27 at 1:06 pm

Property Features for 2116 S Palm Grove Avenue

General Information

Property type: Residential Multi Family
Property subtype: Other
Bedrooms: 7
Bathrooms: 5
Rooms: Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
Parking: 3
Exterior features: Community Features Included: Street Lights, Sidewalks, 2-5 Units/Acre
Standard status: Active
APN: 5061024001
Size: 5,075 SF
Lot size: 5,645.00 Acres

Building Details

Year built: 1924
Floors in Building: 2
Number of units: 5
Architectural style: Other

We can help!

Contact an agent

Gustavo Islas

Listing agent Gustavo Islas License #00956639

Listing office Century 21 Allstars 9155 Telegraph Rd, Pico Rivera, CA

Listing date Jun 26, 2026

MLS# DW26140036 Listing URL

Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

HighLights

5‑unit multifamily built in 1924
Over 5,000 SF of unique construction
2 units were fully renovated recently
Community features include street lights and sidewalks
2‑5 units per acre

Overview

This well-maintained five-unit apartment building offers approximately 5,075 square feet of unique construction. The property includes recent full renovations in two of the units, providing updated interiors within the overall residential income mix. It is positioned as a turn-key option for an owner looking to hold a smaller multifamily asset with some refreshed unit inventory.

Located at 2116 S Palm Grove Avenue in Los Angeles’ Mid City area (90016), the building sits in a high-demand rental market. The seller notes strong local multifamily momentum in the broader corridor between Downtown Los Angeles and Culver City, where development activity has been described as increasing.

For prospective buyers or investors, the configuration of five separate units combined with renovated unit improvements can support a practical, manageable ownership footprint. Tenants benefit from a consistent on-site residential environment, while the recent updates in two units may help reduce near-term downtime and support leasing of those spaces. This offering is listed for sale and is being presented as an income-focused multifamily opportunity.

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Location Insight

Map
Local Demand

City: Los Angeles
County: Los Angeles
State: California
Longitude: -118.34261
Latitude: 34.0366

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For sale
Apartment buildings
CA
Los Angeles
90016
2116 S Palm Grove Avenue

What type of property is this?

Apartment building - Well-maintained five-unit multifamily property with recent full renovations in two units.

Where is this apartment building located?

The property is located at 2116 S Palm Grove Avenue Los Angeles, CA.

What is the asking price?

The asking price for this property is $1,297,777.

What are key features of this property?

This property features: 5‑unit multifamily built in 1924; Over 5,000 SF of unique construction; 2 units were fully renovated recently

2116 S Palm Grove Avenue, Los Angeles, CA 90016

Commercial/Residential - Los Angeles, CA

Property Features for 2116 S Palm Grove Avenue

General Information

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Los Angeles Commercial Investment Opportunity

Los Angeles Retail Opportunity

Prime Automotive Land in Los Angeles

Los Angeles Industrial Owner-User Opportunity

Eagle Rock Commercial/Residential Opportunity

Corner Retail Property with Billboard

Corner Lot Multi-Structure Apartment Building

Medical Office Complex Corner Assemblage

Modern Triplex with Duplex and Rear Unit

Seven-Unit Multifamily Property

Fourplex with In-Unit Laundry

Gated Apartment Building with Solar

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