NOT LISTED FOR SALE

2115 S Palm Grove Ave Los Angeles, CA 90016

Mid-City Neighborhood

Estimated Value: $1,044,000 - $1,574,363

4 Beds
4 Baths
3,335 Sq Ft
$418/Sq Ft Est. Value

Last Sold May 12, 2017

Last sale price $1,050,000 $315 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $8,830/month

16 Days on Market

About This Home

As of May 2017

Large one bedroom one bath units in booming Mid City, just blocks away from Expo line and everything La Brea and Mid-Wilshire has to offer. This is a completely occupied four-plex. Excellent tenants who love and care for the property. Each unit has it's own garage parking spot. Rents are actual and NO UNITS WILL BE DELIVERED VACANT. Barely ever a maintenance call or tenant complaint... this is the perfect bread and butter property to add to your portfolio with minimum management or oversight necessary. Please email. You will get a faster response. Showing with submitted offer. We will email you available showing times. Vacant photos are from when property was vacant but NO UNITS WILL BE DELIVERED VACANT. PLEASE DON'T ASK! PLEASE CHECK ALL DOCUMENTS UPLOADED ON MLS BEFORE CALLING AND ASKING QUESTIONS. RENTS ARE ACTUAL. Multiple offers received. We have countered offers submitted to make decision by April 5th. If you want to submit, please look private remarks for due diligence.

Last Agent to Sell the Property

Fahim Shah

Fahim Shah Realty License #00763453 Listed on: 03/22/2017

Last Buyer's Agent

Charley Oh

Redpoint Realty License #01358066

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,823

Year Built

  • Built in 1924

Lot Details

  • 4,950

Parking

  • 4 Car Garage

Home Design

  • 3,335 Sq Ft Home

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Additional Features

  • 4,950 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 2 Buildings
  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 5061-023-002

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,823

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 3335
  • Year Built: 1924
  • Number Of Photos: 53
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 4
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 4.00
  • Den: 0
  • Price Per S Q F T: 284.86

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Parking Garage: Garage
  • Total Parking: 4

Utilities

  • Heating: Wall

Lot Info

  • Assessed Improvement Value: 132628
  • Assessed Land Value: 238732
  • Assessor Parcel Number: 5061-023-002
  • Geocode Override: No
  • Lot Size Area: 4950

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Number Of Units: 4
  • Total Annual Expense: 13492
  • Type Of Units: 4
  • Vacancy Rate: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 22, 2017
Closed on
May 2, 2017
Sold by
Grover Rajiv and The Rajiv Grover Revocable Tru
Bought by
Kim Mi Suk
Seller's Agent
Fahim Shah
Fahim Shah Realty
Buyer's Agent
Charley Oh
Redpoint Realty
List Price
$920,000
Sold Price
$1,050,000
Premium/Discount to List
$130,000
14.13%
Current Estimated Value
$1,393,841

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$343,841
Avg. Annual Appreciation
3.41%
Original Mortgage
$840,000
Outstanding Balance
$702,643
Interest Rate
4.14%
Mortgage Type
New Conventional
Estimated Equity
$683,512

Purchase Details

Closed on
Dec 14, 2016
Sold by
Manav Llc
Bought by
Grover Rajiv and The Rajiv Grover Revocable Tru

Purchase Details

Closed on
Feb 20, 2012
Sold by
Grover Neeru and The Neeru Grover Revocable Tru
Bought by
Manav Llc

Purchase Details

Closed on
Nov 1, 2011
Sold by
Grover Rajiv
Bought by
Grover Neeru and Neeru Grover Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$348,750
Interest Rate
4.02%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 22, 2011
Sold by
South Palm Grove Trust
Bought by
Grover Neeru and The Neeru Grover Revocable Tru

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$348,750
Interest Rate
4.02%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 17, 2011
Sold by
Luckey Verna
Bought by
South Palm Grove Trust and Premier Money Source Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$232,000
Interest Rate
4.83%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 9, 2001
Sold by
Whitmore Windel and Whitmore Flossie
Bought by
Luckey Verna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$230,384
Interest Rate
6.73%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Kim Mi Suk $1,050,000 Lawyers Title
Grover Rajiv -- Accommodation
Manav Llc -- None Available
Grover Neeru -- First American Title Company
Grover Rajiv -- First American Title Company
Grover Neeru $465,000 First American Title
South Palm Grove Trust -- Accommodation
Luckey Verna $234,000 Stewart Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kim Mi Suk $840,000
Previous Owner Grover Rajiv $348,750
Previous Owner South Palm Grove Trust $232,000
Previous Owner Luckey Verna $417,000
Previous Owner Luckey Verna $405,000
Previous Owner Luckey Verna $230,384
Previous Owner Whitmore Windel $125,909
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/12/2017 05/12/17 Sold $1,050,000 +10.5% $315 / Sq Ft
04/07/2017 04/07/17 Pending -- -- --
03/28/2017 03/28/17 Price Changed $950,000 +3.3% $285 / Sq Ft
03/22/2017 03/22/17 For Sale $920,000 -- $276 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

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 $14,823 $1,218,610 $870,437 $348,173
2024 $14,823 $1,194,717 $853,370 $341,347
2023 $14,542 $1,171,292 $836,638 $334,654
2022 $13,875 $1,148,327 $820,234 $328,093
2021 $13,693 $1,125,811 $804,151 $321,660
2019 $13,287 $1,092,420 $780,300 $312,120
2018 $13,196 $1,071,000 $765,000 $306,000
2016 $4,762 $371,360 $238,732 $132,628
2015 $5,134 $365,783 $235,147 $130,636
2014 $4,738 $358,619 $230,541 $128,078
Source: Public Records

Agents Affiliated with this Home

  • F

    Seller's Agent in 2017

    Fahim Shah

    Fahim Shah Realty

    (213) 458-4142

    3 Total Sales

    Fahim Shah
    Section Image

  • C

    Buyer's Agent in 2017

    Charley Oh

    Redpoint Realty

    Section Image
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Map

Source: The MLS

MLS Number: 17-213770

The MLS

APN: 5061-023-002

California Los Angeles County Los Angeles 90016 Mid-City

2115 S Palm Grove Ave, Los Angeles, CA

This home is located at 2115 S Palm Grove Ave, Los Angeles, CA 90016 since 22 March 2017 and is currently estimated at $1,393,841, approximately $417 per square foot. This property was built in 1924. 2115 S Palm Grove Ave is a home located in Los Angeles County with nearby schools including Alta Loma Elementary, Johnnie L. Cochran Jr. Middle School, and Susan Miller Dorsey Senior High School.

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