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5-Unit Apartment Building

2116 S Palm Grove AVE, Los Angeles, CA 90016

For Sale
$1,200,777

Two residences have recently received full interior renovations.

Property Size5,075 SF
Price / SF$236.61
Days on Market26

Property Features for 2116 S Palm Grove AVE

General Information

Standard status Active
Size 5,075 SF
Property subtype MULTI_FAMILY

Site & Location

Neighborhood Mid-City

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: Benbelack
Added: Oct 14 Changed: Oct 31 Last Checked: Nov 6 at 5:34PM

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

Rey
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Investment Insights

Based on property information with market context.

This 5-unit apartment property in Los Angeles contains 5,075 square feet across a building constructed in 1924. Two of the units have recently undergone full renovations, adding updated residential space to the existing configuration.

The property is located in the Mid City area at 2116 S Palm Grove Ave.

Key Highlights

  • Five apartment units
  • 5,075 square feet of building area
  • Two units recently fully renovated

Property Analytics

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Open Analytics

Lease Details

5
Residential units

Location Intelligence

Trade Area within ½ mile

1,263
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Average Price Trend$/SF for Apartment buildings in Los Angeles, CA

$379 Jul
$368 Aug
$367 Sep
$367 Oct

Properties on Market for Apartment buildings in Los Angeles

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Two residences have recently received full interior renovations.
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 $1,200,777.
What are key features of this property?
This property features: Five apartment units; 5,075 square feet of building area; Two units recently fully renovated
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