PALM GROVE LOS ANGELES, CA 90016

Features

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Facts

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Description

This is an REO, meaning this property has been foreclosed on because the owner couldn't meet their payments. The bank now owns this property. Most banks are not set up to own homes, and are often motivated to sell you the home at a discounted price.

THIS IS PROPERTY IS LENDER OWNED. THE LENDER DOES NOT HAVE ANY CURRENT FINANCIAL INFORMATION. THE RENT ROLL IS FROM THE JULY 2020 APPRAISAL. THE EXPENSES ARE ESTIMATED. THE OWNERSHIP IS CURRENTLY IN THE PROCESS OF DETERMINING TENANCY TERMS, INCLUDING RENTAL AMOUNTS, DEPOSITS AND LEASE TERMS. 2116 S Palm Grove Avenue is a 5-unit multi-family property located in the Mid-City neighborhood of Los Angeles. The unit mix consists of (3) one bed/one bath units and (2) two bed/one bath units along two separate buildings. One of the 1+1 has a den. Some of the units have been remodeled. Units offer plenty of light, ceiling fans and laminate flooring. There is an onsite laundry room and three garage spaces. One of the units sits on top of the garage spaces. The two story property has a newer roof and stair railings installed within the past few years. Street parking is available for tenants. The property is located in the Mid City neighborhood, which is a diverse, quiet neighborhood in the center of Los Angeles. Pico Boulevard, which forms the northern border of Mid City, is lined with restaurants, cafes, and bakeries. One of LA's dining institutions, Roscoe's House of Chicken and Waffles, is based here as well. Additional retail and restaurant amenities are available nearby on Washington Blvd, Venice Blvd and La Brea Avenue. There is nearby freeway access to the 10 Freeway. Housing is mostly comprised of low-rise apartment buildings, homes that have been converted to apartment units, and single-family homes in Craftsman and Spanish styles.