Five-Unit Apartment
For Sale
$1,297,777
2116 S Palm Grove Avenue, Los Angeles, CA 90016
COMMERCIAL - Los Angeles, CA
Property SizeContact for details
Lot Size0.13 Acres
Days on Market52
Property Features for 2116 S Palm Grove Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Bedrooms
7
Bathrooms
5
Full bathrooms
5
Rooms
Bedroom 4, Bedroom 3, Bathroom 3, Bedroom 6, Bathroom 2, Bedroom 5, Bathroom 1, Bathroom 4, Bedroom 7, Bathroom 5, Bedroom 1, Bedroom 2
Parking
3
Lot features
2-5 Units/ Acre
Directions
W 21st St/S Palm Grove Ave
Subdivision
C16 - Mid Los Angeles
Standard status
Active
APN
5061024001
Lot size
0.13 Acres
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1924
Floors in Building
2
Number of units
5
Listing Agency:
Century 21 Allstars · Century 21 Real Estate
(562) 863-2121
Listed By:
Gustavo Islas · License #00956639
(562) 756-5391
Added: Jun 26
Changed: Aug 16
Last Checked: Aug 16 at 9:06AM
MLS# DW26140036
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.
Investment Insights
Based on property information with market context.
Five-unit apartment building located at 2116 S Palm Grove Avenue, Los Angeles, CA 90016. The property was built in 1924 and features over 5,000 square feet of unique construction. Two of the five units were recently fully renovated. Interior configuration includes seven bedrooms and five bathrooms across the building.
Utilities are provided via public water and public sewer. The lot size is 0.1296 acres.
With its small multi-unit structure and recent unit-level renovation, the property is set up as an owner-operator or investor hold where day-to-day management can be focused around the existing unit mix and improvements.
Utilities are provided via public water and public sewer. The lot size is 0.1296 acres.
With its small multi-unit structure and recent unit-level renovation, the property is set up as an owner-operator or investor hold where day-to-day management can be focused around the existing unit mix and improvements.
Key Highlights
- Five units within over 5,000 SF of unique construction
- Two units were recently fully renovated
- Lot size 0.1296 acres
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 - Five-unit apartment building with public water and public sewer, including two recently fully renovated 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: Five units within over 5,000 SF of unique construction; Two units were recently fully renovated; Lot size 0.1296 acres
