Building Details

Building Size 5,075 SF

Year Built 1924

Listing Agency: Century 21 Allstars

Listed By: Gustavo Islas · License #00956639 Show Phone

Source: Benbelack

Added: Oct 14 Changed: Oct 16 Last Checked: Oct 16 at 2:01PM

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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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Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Skin Care Clinic Travel Agency Accounting Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

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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