2700 S Palm Grove Avenue
Los Angeles, CA 90016
- 5 beds
- – baths
- 2,131 sqft
- 5,200 sqft lot
- $703 per sqft
- 1924 build
- – on site
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%.
Last checked:
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Checking…
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Last updated Apr 24, 2025
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MLS# CL25529605 —
This property is listed in more than one place. See it here, and here, and here.
The Building
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Year Built:1924
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Building Area Units:Square Feet
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Other Equipment:Other
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Building Area Total:2131
Room Dimensions
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Living Area:2131
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Living Area Units:Square Feet
Location
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Directions:Google or Waze.
The Property
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Property Type:Residential Income
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Property Subtype:OTHER
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Parcel Number:5057009002
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Zoning:LAR2
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Lot Size Area:0.12
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Lot Size Acres:0.12
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Lot Size SqFt:5200
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Lot Size Units:Acres
Listing Agent
- Contact info:
- Agent phone:
- (310) 383-6239
Beds
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Bedrooms Total:5
The Listing
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Virtual Tour URL Unbranded:https://855reelpix.com/2700-S-Palm-Grove-Ave/idx
Heating & Cooling
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Heating:Central
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Heating:true
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Cooling:Central Air
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Cooling:true
The Community
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Association:false
Parking
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Garage:false
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Attached Garage:false
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Carport:false
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Parking Total:4
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Parking Features:Other
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
4/24/25
Apr 24, 2025
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Listed / Active | BRIDGE | $1,499,000 | 130.6% (41.8% / YR) |
|
4/1/25
Apr 1, 2025
|
Price Changed | BRIDGE | ||
|
3/14/25
Mar 14, 2025
|
Listed / Active | CRMLS_CA |
