$1,325,777
-$25,0002116 S Palm Grove Ave, Los Angeles CA 90016
Multi-Family (5 Units)
Property type
231 days
On market
$261
Price per sqft
3 cars
Garage
1924
Year built
5,645 sqft
Lot size
Open Houses
Overview
Welcome to this incredible value in Mid City, Fantastic investment opportunity in the rapidly growing Mid City market! This well-maintained 5 units feature over 5000 square feet of unique construction, creating strong value-add potential, 2 units were recently fully renovated the property is strategically positioned in the most appealing, high growth areas from Downtown L.A....
Listing provided by: Gustavo Islas DRE #00956639 562-756-5391, Century 21 Allstars
Listing updated: Apr 8, 2026 at 01:42am.
Last checked: Jun 14, 2026 at 04:30am
Source: CRMLS #DW25249249
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 1 | 1 | — | $671 | $671 | $2,250 | Unfurnished |
| 1 | 1 | 1 | — | $2,180 | $2,180 | $2,250 | Unfurnished |
| 1 | 2 | 1 | — | $2,188 | $2,188 | $2,800 | Unfurnished |
| 1 | 2 | 1 | — | $991 | $991 | $2,800 | Unfurnished |
| 1 | 1 | 1 | — | $1,850 | $1,850 | $2,250 | Unfurnished |
# of Buildings: 1
# of Units Total: 5
Separate Electric Meters: 5
Separate Gas Meters: 5
Separate Water Meters: 1
Rent Control: Yes
Units Leased: 5
Financial Snapshot
Gross Rent Multiplier
14.0x
List Price / Annual Gross Rent
Gross Scheduled Income: $94,560
Operating Expense: $0
Net Operating Income: $0
Annual Operating Expenses
Electric: $0
Fuel: $0
Insurance: $0
Professional Management: $0
Trash: $0
Water / Sewer: $0
Interior
Cooling: None
Heating: None
Fireplace: None
Laundry: None
Entry Location: 1
Exterior
Property Attached: Yes
Stories Total: 2
Levels: Two
Common Walls: Two Common Walls Or More
Lot Features: Zero To One Unit Acre
Pool: None
Water Source: Public
Sewer: Public Sewer
Garage and Parking
Garage Spaces: 3
Parking Total: 3
Lot Information
Land Lease: No
Common Interest: None
Parcel #: 5061024001
Additional Parcels: No
Tax Lot: 350
Community
Senior Community: No
Community Features: Sidewalks