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. to Culver City's Tech Hub, the neighborhood is experiencing a rapid growth of multifamily development. This property offers amazing tenant convenience Located in a high-demand rental market, this property is ideal for investors seeking steady income and long-term growth
For sale
Listed by: Century 21 Allstars • Gustavo Islas • Contact: 562-756-5391
$1,297,777
2116 S Palm Grove Ave, Los Angeles, CA 90016
7beds
5baths
5,075sqft
:
Get pre-qualified$9,030/mo
Mixed Use
Built in 1924
-- sqft lot
$-- Zestimate®
$256/sqft
$-- HOA
What's special
- 284 days |
- 67 |
- 3 |
Zillow last checked:
Listing updated:
Listed by:
Gustavo Islas DRE #00956639 562-756-5391,
Century 21 Allstars
Source: CRMLS,MLS#: DW26140036
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 5
Appliances
- Laundry: None
Features
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 5,075
- Total interior livable area: 5,075 sqft
Property
Parking
- Total spaces: 3
- Parking features: Garage
- Garage spaces: 3
Features
- Entry location: Ground Level
- Pool features: None
Lot
- Size: 5,645 Square Feet
- Features: 2-5 Units/Acre
Details
- Parcel number: 5061024001
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Mixed Use
- Attached to another structure: Yes
Condition
- New construction: No
- Year built: 1924
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Street Lights, Sidewalks
Location
- Region: Los Angeles
Financial & listing details
- Price per square foot: $256/sqft
- Tax assessed value: $1,362,000
- Annual tax amount: $17,256
- Date on market: 6/26/2026
- Cumulative days on market: 284 days
- Listing terms: Cash,Conventional
Estimated market value
Not available
Estimated sales range
Not available
$4,776/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/26/2026 | Listed for sale | $1,297,777+8.1%$256/sqft |
Source:  CRMLS #DW26140036 Report a problem | ||
| 8/31/2023 | Sold | $1,200,000-9.4%$236/sqft |
Source: Public Record Report a problem | ||
| 5/18/2023 | Sold | $1,324,674-13.4%$261/sqft |
Source: Public Record Report a problem | ||
| 8/31/2020 | Sold | $1,530,000$301/sqft |
Source:  CLAW #20626504 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $17,256 +11.9% | $1,362,000 +13.5% |
| 2024 | $15,420 -22% | $1,200,000 -24.6% |
| 2023 | $19,776 +4.8% | $1,591,812 +2% |
| 2022 | $18,868 +1.3% | $1,560,600 +2% |
| 2021 | $18,618 +1279.9% | $1,530,000 +2458.7% |
| 2020 | $1,349 | $59,797 +2% |
| 2019 | $1,349 +12.4% | $58,626 +2% |
| 2018 | $1,200 | $57,477 +2% |
| 2017 | $1,200 +1.2% | $56,351 +2% |
| 2016 | $1,185 +8.2% | $55,247 +1.5% |
| 2015 | $1,095 -2.7% | $54,418 +2% |
| 2014 | $1,125 | $53,353 +4.5% |
| 2011 | -- | $51,053 +0.7% |
| 2010 | -- | $50,673 -0.2% |
| 2009 | -- | $50,795 +2% |
| 2008 | -- | $49,800 +2% |
| 2007 | -- | $48,825 +2% |
| 2006 | -- | $47,869 |
| 2005 | -- | $47,869 +4% |
| 2004 | -- | $46,012 -85.2% |
| 2002 | -- | $311,100 +630.8% |
| 2000 | -- | $42,567 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Mid City
Nearby schools
GreatSchools rating
- 6/10Alta Loma Elementary SchoolGrades: K-5Distance: 0.5 mi
- 3/10Johnnie Cochran, Jr., Middle SchoolGrades: 6-8Distance: 1 mi
- 3/10Susan Miller Dorsey Senior High SchoolGrades: 9-12Distance: 1 mi
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A local agent can set up tours, give advice and negotiate with sellers.
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