2032 South Palm Grove Avenue
Los Angeles, CA, 90016 $ 1,295,000
Baths0.0 Sq 2,102 Monthly Estimate*
$ 9,046
Studio
for $1,295,000. This 2,102 square foot home was built in 1923 on a lot size of 0.13.
Looking for a property that can off-set your mortgage? This just might be the one! This charming Spanish-style duplex is an ideal opportunity for both savvy investors and owner-users. Much of the heavy lifting has already been completed, but there is still potential for additional value. Professionally remodeled in the past year WITH PERMITS (!!), including an enhanced electrical panel and wiring, roof repairs, plumbing updates, exterior remodeling, and landscaping. Unit 2034, featuring 2 beds and 1.5 baths, has undergone a complete renovation. The open concept living area is adorned with bright, oversized windows. The kitchen is a showstopper with a built-in island doubling as a dining table, newer stainless steel appliances, a tasteful herringbone backsplash, and ample storage. Both bathrooms boast sleek and modern designs, and the back bedroom provides access to the backyard through a sliding glass door. With newer HVAC, water heater, windows, and more, this unit is turn-key. Unit 2032, slightly larger with 2 beds and 1 bath, retains its charming Spanish character. Beautiful archways, a Batchelder-style fireplace, and original hardwood floors beneath the carpet await restoration. The backyard is perfect for relaxation and entertaining, featuring decomposed granite for low-maintenance landscaping. Two one-car garages have been drywalled and finished, offering versatile use as office space or storage. ADU potential presents an additional option, suitable for an owner-occupant or as a rental opportunity. Situated in a great mid-city location near Jurassic Magic, Johnny's Pastrami, Highly Likely, and just down the street from Palm Grove Social for your morning coffee. Palm Grove is a dream for owner-users, tenants and landlords alike! **Property qualifies for a reduced interest rate for owner occupants with the Community Lending Program.
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FeaturesGeneralInterior Features Open Floorplan
Heating Central
Cooling Wall/Window Unit(s) Central Air
Zoning LARD2
Architectural Style Spanish
Security Features Gated Community
Exclusions Any appliances belonging to tenant in unit 2032. Any personal property of tenants.
Year Built 1923
Tenant Pays Electricity Gas
Levels One
Accessibility Other
County Los Angeles
Net Operating Income 0.0
New Construction No
Property Type C
HOA / Comm Assn No
Status Active
City Los Angeles
Buyer Agent Compensation 2.50
Senior Community Y/N No
MLS Area C16 - Mid Los Angeles
Lot Size Square Feet 5801.0
Number of Units Leased 2
Street Name Palm Grove
Virtual Tour https://ListingZen.com/property/4766/mls
Standard Status Active
Buyer Agent Compensation Type %
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InteriorFlooring Laminate
Kitchen Appliances Disposal Range Dishwasher Refrigerator
Fireplace Features Living Room
Air Conditioning Y/N Yes
Heating Y/N Yes
Window Features Double Pane Windows
Fireplace Y/N Yes
Street Suffix Avenue
Laundry Features Washer Included Dryer Included
Total Baths 0
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ExteriorParking Features Garage - Two Door Garage - Three Door Driveway
Lot Features Front Yard Back Yard
Lot Size Area 5801.0
Building Area Total 2102.0
Lot Size Acres 0.13
Lot Size Units Square Feet
Door Features Sliding Doors
Land Lease Type Fee
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* Excluded FeaturesList ByBrita KleingartnerListing Agent
Trg Realty Company, Inc.Broker
Affordability Calculator
- Monthly Principal & Interest
- $9,046
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Los Angeles, CA
Average List Price $1,999,871
Percent of Sale Price 54%
About Los Angeles, CA 3,920,026 Population
6% Since 2002
$ 55,057 Median Income
36.82 Median Age
27% Households with Children
Trends Information provided by ATTOM Data Solutions.
793437 Elementary School
793428 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
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2/6/2024 | $1,295,000 | | Listed Price |