1 year on rocket

2919 S Palm Grove Ave, Los Angeles, CA, 90016

$1,280,000

Home List Price

$10,000*

Closing Credit

0 Baths
Multi

Location

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2919 S Palm Grove Ave, Los Angeles$1,280,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
ParkingNone
Garage2 spaces
Year Built1923
HeatingNone
CoolingNone
FireplaceNone
MLS #DW23209853
Lot Size0.12 Acres
StatusActive

About 2919 S Palm Grove Ave

An excellent opportunity to own rental property in a stable area of Mid Los Angeles. This property is located in a highly desirable Los Angeles area near La Brea Ave. and Jefferson Blvd. With the 10 freeway on one side and the Metro E-line on the other, commuting to and from this property can be convenient. The property is comprised of 3 units, each having their own gas and electric meters. There are 2 uncovered parking spaces, 1 covered and 2 garage spaces for parking. The first(A) unit has two bedrooms(1 Pass-through bedroom) and 2 bathrooms. The second(B) unit has 1 bedroom and 1 bathroom currently occupied by excellent tenants. The third(C) unit is located on the 2nd and 3rd floors. This unit has 4 bedrooms & 2 bathrooms and a separate laundry room. This unit also has a balcony on the 2nd floor and two separate balconies on the 3rd floor. The sunset views from these balconies are amazing. This unit also has a unique feature, the attic is located on the 4th floor. It is currently used for storage but can be used for star gazing or other creative ideas. Alls 3 units are in need of some cosmetic repairs like flooring and paint but other repairs needed might limit the type of financing that can be used to purchase this property. Whether you decided to live in 1 unit and rent the other 2 Or just rent all 3 units, this income property can be a great investment for your real estate portfolio.

Property Details

Property Features

Property Information:

  • Year Built: 1923
  • Stories: 1

Listing Office:

  • Office Name: Century 21 Allstars
  • Office Phone: (562) 863-2121
  • Listing Agent: Alvaro "Al" Santillan

Interior Features

Interior Information:

  • Fireplace: None

Exterior Features

Exterior Information:

  • Private Pool: No

Parking Information:

  • Garage Space: 2 spaces
  • Parking: None

Lot Features

Lot Information:

  • Lot Size: 0.12 Acres

Utilities

Utilities Information:

  • Heating: None
  • Cooling: None

Other

Directions Information:

  • Directions: 10 Freeway exit La Brea Ave. go South to Adams Bl. Go East on Adams to Palm Grove Ave.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,280,000

Tax Information:

  • Annual Amount: $3,539
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Los Angeles, CA.

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Los Angeles, CA

City

Med. Sold Price

$1.0M

Med. Price/SqFt

$640

Avg. Days On Market

41

# of Sold Homes

1467

2919 S Palm Grove Ave vs Los Angeles

415 DAYS ON ROCKET

+374 Days

$1,280,000

+$253.3K More

KEY TAKEAWAY

This property is $253.3K more than the Median Sold Price in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #DW23209853

Listing Office:

  • Office Name: Century 21 Allstars
  • Office Phone: (562) 863-2121
  • Listing Agent: Alvaro "Al" Santillan

IDX Based on information from California Regional Multiple Listing Service, Inc. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/2/2025, 9:21:01 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Dec 31, 1996Home Sold
$185,000
Jun 15, 1994Home Sold
$115,000

Tax History

YEARPROP. TAXASSESSMENT
2021$3,539$278,337
2020$3,436$275,484
2019$3,364$270,084
2018$3,295$264,790
2017$3,295$259,599

History based on county public records data.

Payment Calculator

$6,456

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,904

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-9988
4
/10

  • Stella Elementary Charter Academy

  • 2636 S Mansfield Ave

  • 0.33 miles

  • Public Charter Grades KG-3

school-card-donut-9989
3
/10

  • Cienega Elementary School

  • 2611 S Orange Dr

  • 0.40 miles

  • Public District Grades KG-5

school-card-donut-9990
6
/10

  • Virginia Road Elementary

  • 2925 Virginia Rd

  • 0.49 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $48,090. The most common annual income of people living in Los Angeles, CA is between $35k-100k. The majority of families are single, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›California›Los Angeles County›Los Angeles›90016›2919 S Palm Grove Ave

This home is located at 2919 S Palm Grove Ave in Los Angeles, CA and zip code 90016 in the South LA neighborhood. This home, which was built in 1923, sits on a 0.12 acre lot. It has been listed on Rocket Homes since November 14, 2023 and is currently priced at $1,280,000.

In December 2024, from all listings sold in Los Angeles, CA there were more than 524 sold above asking price, over 740 sold below and more than 203 were sold right at the asked price. In December 2024 in Los Angeles, CA there were 5.3% less homes for sale than in November 2024. In December 2024, listings were on the market for 41 days. During the same period, the median list price in this real estate market was $1,026,634.

From Rocket Homes Real Estate and based on county public records data.

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