Seller's Agent in 2021
Philip Kang
Real Broker
(714) 724-1841
1 in this area
68 Total Sales
2017 S Palm Grove Ave Los Angeles, CA 90016
Mid-City NeighborhoodEstimated Value: $1,130,000 - $1,427,000
4
Beds
2
Baths
2,128
Sq Ft
$623/Sq Ft
Est. Value
Highlights
- Open Floorplan
- No HOA
- Den
- Craftsman Architecture
- Neighborhood Views
- 1 Car Direct Access Garage
About This Home
As of July 2021Presenting 2017 & 2019 S. Palm Grove Ave., Los Angeles. A fully renovated duplex, located in the heart of Mid-City Heights. Live in one unit and rent out the other for the price of one house! This property features an open floorplan in both units with on-trend finishes with no expense spared. New roof, plumbing, floors, kitchen, kitchen appliances, baths, electrical, electric panels, AC units, windows, doors, and so much more. Huge upside potential by converting the detached garage into an ADU. The proposed plan to convert the detached garage and the bonus room into an ADU is under $78,000. Both units feature a large master bedroom with walk-in closets and direct access to the outdoor deck. Huge attic space that can potentially be converted into a second-story living area. Both units have their own laundry hookups, separate electric, gas, and water meters. There is a bonus room next to the garage which is perfect for a home office, gym, storage, or guest room. Plenty of parking on the driveway and open parking spaces in front of the house. Excellent neighborhood, just minutes from The Grove, Culver City, and Downtown LA. Priced to sell fast!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $16,698
Year Built
- Built in 1922 | Remodeled
Lot Details
- 5,800 Sq Ft Lot
- No Common Walls
- Wood Fence
- Chain Link Fence
- Rectangular Lot
- Garden
- Front Yard
- Value in Land
Parking
- 1 Car Direct Access Garage
- Parking Available
- Driveway
Home Design
- Duplex
- Craftsman Architecture
- Turnkey
- Raised Foundation
- Fire Rated Drywall
- Frame Construction
- Shingle Roof
- Pre-Cast Concrete Construction
- Stucco
Interior Spaces
- 2,128 Sq Ft Home
- 1-Story Property
- Open Floorplan
- Recessed Lighting
- Double Pane Windows
- Family Room with Fireplace
- Den
- Storage
- Vinyl Flooring
- Neighborhood Views
Kitchen
- Galley Kitchen
- Gas Oven
- Gas Range
- Range Hood
- Dishwasher
Bedrooms and Bathrooms
- 4 Bedrooms
- Walk-In Closet
- 2 Bathrooms
Laundry
- Laundry Room
- Washer and Gas Dryer Hookup
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Utilities
- Central Heating and Cooling System
- Natural Gas Connected
- Tankless Water Heater
- Sewer Assessments
Additional Features
- More Than Two Accessible Exits
- Exterior Lighting
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas, telephone, trash collection, water
- Tax Lot 55
- Tax Tract Number 4416
- Assessor Parcel Number 5061016015
Community Details
Overview
- No Home Owners Association
- 2 Units
Building Details
- Rent Control
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 2 Separate Water Meters
- Insurance Expense $2,000
- Other Expense $1,840
- Trash Expense $480
- Water Sewer Expense $145
- New Taxes Expense $14,660
- Operating Expense $19,125
- Net Operating Income $54,075
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Oct 20, 2021
Sold by
Stone Adam Joshua
Bought by
Stone Adam J
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,045,000
Outstanding Balance
$952,943
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$372,336
Purchase Details
Listed on
Jun 8, 2021
Closed on
Jul 23, 2021
Sold by
Property Design Co
Bought by
Stone Adam Joshua
Seller's Agent
Philip Kang
Real Broker
List Price
$1,239,000
Sold Price
$1,307,500
Premium/Discount to List
$68,500
5.53%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.32%
Original Mortgage
$1,045,000
Interest Rate
2.93%
Mortgage Type
New Conventional
Purchase Details
Listed on
Oct 15, 2020
Closed on
Dec 22, 2020
Sold by
Lopez Julio and Lopez Nancy
Bought by
Property Design Co
Seller's Agent
Victoria Aguilar
Nelson Shelton & Associates
Buyer's Agent
Elsa Rios
Beltran & Rios Co.
List Price
$895,000
Sold Price
$795,000
Premium/Discount to List
-$100,000
-11.17%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
135.80%
Original Mortgage
$756,000
Interest Rate
2.8%
Mortgage Type
Commercial
Purchase Details
Listed on
Oct 15, 2020
Closed on
Dec 21, 2020
Sold by
Lopez Julio and Lopez Nancy
Bought by
Property Design Co
Seller's Agent
Victoria Aguilar
Nelson Shelton & Associates
Buyer's Agent
Elsa Rios
Beltran & Rios Co.
List Price
$895,000
Sold Price
$795,000
Premium/Discount to List
-$100,000
-11.17%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$756,000
Interest Rate
2.8%
Mortgage Type
Commercial
Purchase Details
Closed on
Mar 22, 2005
Sold by
Lopez Julio and Lopez Nancy
Bought by
Lopez Julio
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$396,000
Interest Rate
5.75%
Mortgage Type
New Conventional
Purchase Details
Closed on
Oct 24, 2002
Sold by
Hudson Fred
Bought by
Lopez Julio
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$256,500
Interest Rate
5.95%
Purchase Details
Closed on
Oct 8, 2002
Sold by
Lopez Luz Angelica
Bought by
Lopez Julio
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$256,500
Interest Rate
5.95%
Purchase Details
Closed on
Sep 11, 1995
Sold by
Garner Troy
Bought by
Brinson Rita
Purchase Details
Closed on
Sep 24, 1993
Sold by
Wade Zachary S and Wade Carla Y
Bought by
Hudson Fred
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Stone Adam J | -- | Provident Title | |
| Stone Adam Joshua | $15,852,954 | Lawyers Title | |
| Property Design Co | $795,000 | Lawyers Title Company | |
| Property Design Co | $795,000 | Lawyers Title | |
| Lopez Julio | -- | Commonwealth Title | |
| Lopez Julio | $285,000 | Fidelity National Title Co | |
| Lopez Julio | -- | -- | |
| Brinson Rita | -- | -- | |
| Hudson Fred | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Stone Adam J | $1,045,000 | |
| Previous Owner | Stone Adam Joshua | $1,045,000 | |
| Previous Owner | Property Design Co | $756,000 | |
| Previous Owner | Property Design Co | $756,000 | |
| Previous Owner | Lopez Julio | $396,000 | |
| Previous Owner | Lopez Julio | $256,500 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 07/28/2021 07/28/21 | Sold | $1,307,500 | +5.5% | $614 / Sq Ft | |
| 06/11/2021 06/11/21 | Pending | -- | -- | -- | |
| 06/08/2021 06/08/21 | For Sale | $1,239,000 | +55.8% | $582 / Sq Ft | |
| 12/30/2020 12/30/20 | Sold | $795,000 | -11.2% | $374 / Sq Ft | View Prior Sale |
| 12/01/2020 12/01/20 | Pending | -- | -- | -- | |
| 11/27/2020 11/27/20 | For Sale | $895,000 | 0.0% | $421 / Sq Ft | |
| 11/09/2020 11/09/20 | Pending | -- | -- | -- | |
| 11/03/2020 11/03/20 | For Sale | $895,000 | 0.0% | $421 / Sq Ft | |
| 10/27/2020 10/27/20 | Pending | -- | -- | -- | |
| 10/15/2020 10/15/20 | For Sale | $895,000 | -- | $421 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $16,698 | $1,387,528 | $1,058,554 | $328,974 |
| 2024 | $16,698 | $1,360,323 | $1,037,799 | $322,524 |
| 2023 | $16,378 | $1,333,650 | $1,017,450 | $316,200 |
| 2022 | $15,620 | $1,307,500 | $997,500 | $310,000 |
| 2021 | $9,704 | $795,000 | $585,000 | $210,000 |
| 2020 | $4,888 | $377,415 | $198,640 | $178,775 |
| 2019 | $4,704 | $370,016 | $194,746 | $175,270 |
| 2018 | $4,603 | $362,762 | $190,928 | $171,834 |
| 2016 | $4,388 | $348,677 | $183,515 | $165,162 |
| 2015 | $4,327 | $343,441 | $180,759 | $162,682 |
| 2014 | $4,354 | $336,715 | $177,219 | $159,496 |
Source: Public Records
Agents Affiliated with this Home
-
Philip Kang
-
Victoria Aguilar
Seller's Agent in 2020
Victoria Aguilar
Nelson Shelton & Associates
(714) 366-4889
1 in this area
23 Total Sales
-
Elsa Rios
Buyer's Agent in 2020
Elsa Rios
Beltran & Rios Co.
(562) 293-3140
5 in this area
52 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW21123592
APN: 5061-016-015
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
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. Properties may or may not be listed by the office/agent presenting the information
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