2104 Park Grove Avenue

Los Angeles, CA 90007

$1,350,000
Price
9
Beds
6
Baths
4,052 Sq. Ft.
$333 / Sq. Ft.
4,052
Sq. Ft.
$333
per Sq. Ft.

Description

We are pleased to present 2104 Park Grove in the USC Patrol Zone, in a great pocket just north of campus. 2104 Park Grove Ave is a 6 unit value add opportunity, with a potential ADU development, and a robust student demographic offering a unique value-added opportunity. 1 two bedroom unit will be delivered vacant at the close of escrow. With student housing in the surrounding neighborhood, the subject property offers an investor the ability to capitalize on the student renter demographic creating...We are pleased to present 2104 Park Grove in the USC Patrol Zone, in a great pocket just north of campus. 2104 Park Grove Ave is a 6 unit value add opportunity, with a potential ADU development, and a robust student demographic offering a unique value-added opportunity. 1 two bedroom unit will be delivered vacant at the close of escrow. With student housing in the surrounding neighborhood, the subject property offers an investor the ability to capitalize on the student renter demographic creating significant upside potential. The property is just north of the USC Campus and the USC Village, which includes a variety of shops, dining, an amenities, such as Starbucks, Trader Joes, Sunlife Organics, Corepower Yoga, Target, and many more offerings making the area amenity rich for tenants. Call Listing agents for an Offering Memorandum.
  1. Listed by Peter James • DRE #01748556 • Brokerage DRE #01399621 • Lyon Stahl Investment Real Estate, Inc.
  2. Listed by William James • DRE #01734419 • Brokerage DRE #01399621 • Lyon Stahl Investment Real Estate, Inc.

Property Details for 2104 Park Grove Avenue

Water Front
None
Zoning
LARD1.5
Style
Craftsman
Cross Streets
Park Grove and 23rd
Parcel Number
5124031002
Total Units
6.0
Living Area
4052
Source Living Area
Vendor Enhanced

Location

Listing Courtesy of Lyon Stahl Investment Real Estate, Inc., Peter James, DRE #01748556; Lyon Stahl Investment Real Estate, Inc., William James, DRE #01734419
Add your commute
LISTING UPDATED: 04/02/2024 12:01 AM

Property Details for 2104 Park Grove Avenue

StatusActive
MLS #24-372657
Days on Market33
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1895
Lot Size0.16 AC / 6,851 SF
CountyLos Angeles County

Location

Listing Courtesy of Lyon Stahl Investment Real Estate, Inc., Peter James, DRE #01748556; Lyon Stahl Investment Real Estate, Inc., William James, DRE #01734419
Add your commute

Building Information for 2104 Park Grove Avenue

Stories2Residences-Year Built1895Building Size-Lot Size0.16 AC / 6,851 SF

Payment Calculator

$7,949 per month

30 year fixed, 7.25% Interest

Principal and Interest

$7,368

Property Taxes

$581

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2104 Park Grove Avenue

Community / Development
Community / Development
  • Number Of Units: 6
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: APT
  • View: Yes
  • View Description: City
  • View: City Lights
  • Security Features: Gated, Smoke Detector, Carbon Monoxide Detector(s)
  • Direction Faces: West
  • Water: Public
  • Sewer: In Street
  • Water Heaters: Yes
  • Water Heater Features: Gas
Contract Info
Contract Info
  • Probate: No
  • Financing: Cash To New Loan
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $116,673
  • Net Operating Income: $69,716.00
  • Gross Income: $115,127
  • Cap Rate: 5.33%
  • Gross Rent Multiplier: $11.73
  • Actual Annual Gross Rent: $115,127.00
  • Actual Rent Total: $115,127.00
  • Financial Info as Of: 03/25/2024
  • Vacancy Allow Dollar: $3,454.00
  • Vacancy Allow Percent: 3.00%
  • Total Annual Expense: 39655
Land / Lot Info
Land / Lot Info
  • Land Lease Type: Fee
  • Land Lease: No
  • Additional Parcel Number: No
  • Alley: No
  • Lot Acreage: 0.1573
  • Lot Size Square Feet: 6851
  • Lot Description: Single Lot
Parking Details
Parking Details
  • Parking Garage: Driveway, Unassigned
  • Total Parking: 3
  • Covered Parking: 0
  • Open Other Spaces Total: 3
  • Garage Spaces Total: 0
  • Carport Spaces Total: 0
  • Parking Features: Driveway, Unassigned
  • Garage Structures Total: 0.0
Interior Features
Interior Features
  • Levels: Two
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling Type: Window Unit(s)
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: None
  • Common Walls: Attached
  • Cooking Appliances: Gas, Oven-Gas, Gas/Electric Range
  • Laundry: None
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Tennis: No
  • Tennis Court: None
  • Roof: Composition, Shingle
  • Sprinklers: None
  • Patio Features: Porch, Porch - Front
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 03-25-2024
  • Rent Control: Yes
  • Rent Control: 100
  • Tenant Pays: Gas, Electricity
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $861.00
  • Unit Actual Rent: $861.00
  • Unit Projected Rent: $1,750.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 3
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,348.00
  • Unit Actual Rent: $2,696.00
  • Unit Projected Rent: $5,300.00
  • Like Units: 2
Unit 3 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $3,200.00
  • Unit Actual Rent: $3,200.00
  • Unit Projected Rent: $3,200.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,350.00
  • Unit Actual Rent: $2,350.00
  • Unit Projected Rent: $2,350.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $488.00
  • Unit Actual Rent: $488.00
  • Unit Projected Rent: $1,450.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $161,107.00
  • Assessed Improvement Percent: 30.35
  • Assessed Land Value: $369,791.00
  • Assessed Land Percent: 69.65
  • Assessed Total Value: $530,898.00

Property History for 2104 Park Grove Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2104 Park Grove Avenue

Taxable ValueLand$369,791Additions$161,107Total$530,898
Tax Record2023$6,978 ($581 / month)
Home Facts
Total Finished SqFt4,052 SqFtAbove Grade Finished SqFt4,052 SqFtLot Size6,849 SqFtStyleQuadraplexYear Built1895ZoningLARD1.5CountyLOS ANGELESAPN5124-031-002

Schools near 2104 Park Grove Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 5
Rating
School
Distance
Norwood Street Elementary School
PublicK to 5

John Adams Middle School
Public6 to 8

West Adams Preparatory High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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2104 Park Grove Avenue is a multi-family home for sale in Los Angeles, CA 90007. This property was listed for sale on March 25, 2024 by Lyon Stahl Investment Real Estate, Inc., it's currently listed at $1,350,000. It has been on the market for a total of 33 days and was last sold on March 22, 2006. This listing's school district is Los Angeles Unified School District. Nearby schools include Norwood Street Elementary School, John Adams Middle School and West Adams Preparatory High School. 2104 Park Grove Avenue is a 9-bed, 6-bath, 4,052 sqft multi-family home built in 1895.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Lyon Stahl Investment Real Estate, Inc., Peter James, DRE #01748556; Lyon Stahl Investment Real Estate, Inc., William James, DRE #01734419

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.