Gross Scheduled Income: $105,600; Expenses: $20,070; Net Operating Income: $85,530; GRM: 14.20; Cap Rate: 5.71%. Welcome to 2700 and 2702 Palm Grove Ave. A stunning new construction home in the heart of red-hot West Adams. The front home offers 4BD/3BA with an open, sunlit floor plan, sleek modern finishes, recessed… Read More 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. 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. Read Less
Property listed by Century 21 Masters, Andrew Watkins 800-463-0977
Listing Snapshot
Days Online
3
Last Updated
Property Type
Other
Beds
5
Square Ft.
2,131
Lot Size
0.12 Acres
Year Built
1924
MLS Number
25529605
Additional Details
Appliances & Equipment
Dishwasher, Disposal, Microwave, Refrigerator
Building
Built in 1924, Building area total: 2,131, Levels: One, Living area: 2131, 1 story, 2 buildings
Cooling
CentralAir
Heating
Central
Income
Gross income: $105,600, Net operating income: $85,530
Lot
0.1194 acres, 5,200 square feet, Size: 5,200
Parking
4 totals parking, Driveway, Garage, OnStreet
Property
Zoning: LAR2
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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