Five-Unit Apartment
For Sale
$1,297,777
2116 S Palm Grove AVE, Los Angeles, CA 90016
Well-maintained five-unit apartment building with recently renovated units and unique construction.
Property Size5,075 SF
Price / SF$259.56
Days on Market67
Property Features for 2116 S Palm Grove AVE
General Information
Standard status
Active
Size
5,075 SF
Property subtype
MULTI_FAMILY
Additional Details
Multifamily Units
5
Building Details
Building Size
5,075 SF
Year Built
1924
Listing Agency:
Century 21 Allstars
Listed By:
Gustavo Islas · License #00956639
Source:
Milsteinestates
Added: Jun 26
Changed: Aug 16
Last Checked: Aug 31 at 12:06AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Century 21 Allstars
Investment Insights
Based on property information with market context.
This well-maintained five-unit apartment building offers over 5,000 square feet of unique construction. The property is configured as five separate rental units, with two units recently fully renovated. Overall, the building presents as an updated multifamily option within a smaller, manageable unit count.
The property is located in Mid City, described in the remarks as being positioned in a high-growth rental corridor extending from Downtown Los Angeles toward Culver City’s tech hub. The neighborhood is characterized in the provided information as experiencing rapid multifamily development, which can support ongoing demand for rental housing in the area.
For investors or owner-operators, the mix of a maintained building plus two recently renovated units may help simplify near-term property presentation and unit turn strategy. With five units, the asset offers a balance between scale and hands-on ownership compared with larger complexes, while still providing multiple income-producing units. Prospective buyers should review the current unit configuration and renovation details during due diligence to confirm how the improvements align with their operating plans.
The property is located in Mid City, described in the remarks as being positioned in a high-growth rental corridor extending from Downtown Los Angeles toward Culver City’s tech hub. The neighborhood is characterized in the provided information as experiencing rapid multifamily development, which can support ongoing demand for rental housing in the area.
For investors or owner-operators, the mix of a maintained building plus two recently renovated units may help simplify near-term property presentation and unit turn strategy. With five units, the asset offers a balance between scale and hands-on ownership compared with larger complexes, while still providing multiple income-producing units. Prospective buyers should review the current unit configuration and renovation details during due diligence to confirm how the improvements align with their operating plans.
Key Highlights
- Well‑maintained five‑unit apartment building
- Year built: 1924
- Over 5,000 sq ft of unique construction
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
1,263
Businesses Nearby
Explore this area
Business Placement
Demographics for 90016, CA
46,512
Population
19,529
Households
2.4
Avg Household Size
37
Median Age
32%
College-Educated
79%
High-School Grad
3.6 sq mi
ZIP Area
12,920
Density / Sq Mi
$71,067
Median Household Income
$42,292
Median Earnings
$1,729
Median Rent
$919,800
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Well-maintained five-unit apartment building with recently renovated units and unique construction.
Where is this apartment building located?
The property is located at 2116 S Palm Grove AVE 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: Well‑maintained five‑unit apartment building; Year built: 1924; Over 5,000 sq ft of unique construction
