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Nicole Sasville

nicole.sasville.realtor@gmail.com +1(925) 642-4952

$ 1,499,000

Est. payment | -/mo

5 Beds

4 Baths

2,131 SqFt

Save Video Tour

$ 1,499,000

Est. payment | -/mo

Save Video Tour

5 Beds

4 Baths

2,131 SqFt

OPEN HOUSE

Sat Apr 26, 1:00pm - 4:00pm

Sun Apr 27, 1:00pm - 4:00pm

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 2,131 sqft

Price per Sqft $703

MLS Listing ID 25529590

Bedrooms 5

Full Baths 4

HOA Y/N No

Year Built 1924

Lot Size 5,201 Sqft

Property Sub-Type Single Family Residence

Property Description

Welcome to 2700 and 2702 Palm Grove Ave.-a stunning new construction home in the heart of red-hot West Adams. Best of all, **YOU CAN OWN THIS PROPERTY FOR AS LITTLE AS $2,925/month** thanks to rental income from the legal 1BD/1BA ADU (estimated rent: $2,950), offsetting a $5,875 monthly mortgage. The front home offers 4BD/3BA with an open, sunlit floor plan, sleek modern finishes, recessed lighting, and all-new systems including plumbing, electrical, roof, HVAC, tankless water heater, luxury appliances, and more. The detached ADU is fully permitted, features its own private entrance, mini-split HVAC, updated systems, and endless flexibility as a rental, guest house, or home office. One car garage is drywalled with electrical for home office, art studio or more. Built to the latest LADBS standards, the property includes a complete water capture and recirculation system and fire sprinklers throughout. Located minutes from the Expo and Crenshaw Lines and close to hotspots like Tartine, Mizlala, Alta, and Delicious Pizza. **SPECIAL LENDER FINANCING** make this is a rare chance to own a brand-new, move-in-ready home in one of LA's most dynamic neighborhoods. Gross Scheduled Income: $105,600; Expenses: $20,070; Net Operating Income: $85,530; GRM: 14.20; Cap Rate: 5.71%.

Location

State CA

County Los Angeles

Area C16 - Mid Los Angeles

Zoning LAR2

Interior

Heating Central

Cooling Central Air

Fireplaces Type None

Furnishings Unfurnished

Fireplace No

Appliance Dishwasher, Disposal, Microwave, Refrigerator

Exterior

Parking Features Driveway, Garage, On Street

Pool None

Community Features Gated

View Y/N No

View None

Total Parking Spaces 4

Private Pool No

Building

Entry Level One

Architectural Style Contemporary

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 5057009002

Security Features Carbon Monoxide Detector(s),Fire Sprinkler System,Gated Community,Smoke Detector(s)

Special Listing Condition Standard

Listed by Andrew Watkins • Century 21 Masters

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(925) 642-4952

nicole.sasville.realtor@gmail.com

Learn More About LPT Realty

2700 S Palm Grove AVE Los Angeles, CA 90016