Triplex with Two Vacant
For Sale
$1,225,000
2911 S Palm Grove AVE, Los Angeles, CA 90016
Triplex offering two vacant units and one occupied unit, with tenant-ready configurations including 3-, 4-, and 2-bedroom layouts.
Property Size3,960 SF
Days on Market101
Property Features for 2911 S Palm Grove AVE
General Information
Standard status
Active
Size
3,960 SF
Property subtype
Apartment
Additional Details
Cap Rate
5.85%
Highway Access
Yes
Multifamily Units
3
Building Details
Building Size
3,960 SF
Year Built
1930
Tenancy
Multi
Listing Agency:
Lyon Stahl Investment Real Estate, Inc.
Listed By:
Aaron Jacobson · License #02100737
(310) 729-1559
Source:
Rochellemaize
Added: May 27
Changed: Aug 31
Last Checked: Sep 2 at 2:37AM
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 Lyon Stahl Investment Real Estate, Inc.
Investment Insights
Based on property information with market context.
This triplex includes three separate units with a mix of layouts. Two units are currently vacant, including a 3 bedroom/1 bathroom unit and a 4 bedroom/3 bathroom unit, while the third unit is occupied and features 2 bedrooms and 1 bathroom.
The property is located in West Adams, with proximity to Culver City, USC, Downtown Los Angeles, and major transportation corridors including the I-10 Freeway and the Metro Expo Line.
The seller notes an estimated stabilized performance once fully rented, including a projected 5.85% cap rate and total scheduled rent of $8,884 based on market rents. The remarks also indicate possible ADU development potential, subject to buyer verification.
The property is located in West Adams, with proximity to Culver City, USC, Downtown Los Angeles, and major transportation corridors including the I-10 Freeway and the Metro Expo Line.
The seller notes an estimated stabilized performance once fully rented, including a projected 5.85% cap rate and total scheduled rent of $8,884 based on market rents. The remarks also indicate possible ADU development potential, subject to buyer verification.
Key Highlights
- Triplex at 2911 S Palm Grove Ae built in 1930, with 2 of 3 units currently vacant and 1 unit occupied.
- Unit mix: vacant 3 bed/1 bath (~1,100 SF) and vacant 4 bed/3 bath (~1,950 SF).
- Occupied unit: 2 bed/1 bath (just under 1,000 SF).
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,165
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?
Triplex - Triplex offering two vacant units and one occupied unit, with tenant-ready configurations including 3-, 4-, and 2-bedroom layouts.
Where is this triplex located?
The property is located at 2911 S Palm Grove AVE Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,225,000.
What are key features of this property?
This property features: Triplex at 2911 S Palm Grove Ae built in 1930, with 2 of 3 units currently vacant and 1 unit occupied.; Unit mix: vacant 3 bed/1 bath (~1,100 SF) and vacant 4 bed/3 bath (~1,950 SF).; Occupied unit: 2 bed/1 bath (just under 1,000 SF).
