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2700 S Palm Grove Avenue, Los Angeles, California 90016, Los Angeles, 90016 - 5 bed, 4 bath

2700 S Palm Grove Avenue, Los Angeles, California 90016 home-pic-0
ACTIVE$1,549,500
2700 S Palm Grove Avenue, Los Angeles, California 90016
5Beds
4Baths
2,131Sqft
5,200Lot
Year Built
2024
Close
-
List price
$1.55M
Original List price
$1.6M
Price/Sqft
$727
HOA
-
Days on market
-
Sold On
-
MLS number
25499799
Home ConditionExcellent
Features
Patio
View-

About this home

We found 4 Cons,5 Pros. Rank: price - $1.55M(84th), sqft - 2131(84th), beds - 5(90th), baths - 4(87th).

Welcome to 2700 and 2702 Palm Grove Ave.-a stunning new construction home in the heart of red-hot West Adams. Best of all, **YOU CAN OWN THIS PROPERTY FOR AS LITTLE AS $2,925/month** thanks to rental income from the legal 1BD/1BA ADU (estimated rent: $2,950), offsetting a $5,875 monthly mortgage. The front home offers 4BD/3BA with an open, sunlit floor plan, sleek modern finishes, recessed lighting, and all-new systems including plumbing, electrical, roof, HVAC, tankless water heater, luxury appliances, and more. The detached ADU is fully permitted, features its own private entrance, mini-split HVAC, updated systems, and endless flexibility as a rental, guest house, or home office. One car garage is drywalled with electrical for home office, art studio or more. Built to the latest LADBS standards, the property includes a complete water capture and recirculation system and fire sprinklers throughout. The seller will even **PAY YOUR FIRST YEAR PROPERTY TAXES**, adding exceptional value. Located minutes from the Expo and Crenshaw Lines and close to hotspots like Tartine, Mizlala, Alta, and Delicious Pizza. **SPECIAL LENDER FINANCING** make this is a rare chance to own a brand-new, move-in-ready home in one of LA's most dynamic neighborhoods.

Nearby schools

5/10
Virginia Road Elementary School
Public,•K-5•0.4mi
5/10
Cienega Elementary School
Public,•K-5•0.5mi
4/10
Alta Loma Elementary School
Public,•K-5•0.9mi
6/10
Marvin Elementary School
Public,•K-5•1.1mi
6/10
Baldwin Hills Elementary School
Public,•K-5•1.3mi
3/10
Sixth Avenue Elementary School
Public,•K-5•1.3mi
3/10
Arlington Heights Elementary School
Public,•K-5•1.4mi
3/10
Johnnie Cochran, Jr., Middle School
Public,•6-8•1.3mi
2/10
Audubon Middle School
Public,•6-8•1.7mi
3/10
Daniel Webster Middle School
Public,•6-8•5.2mi
2/10
Susan Miller Dorsey Senior High School
Public,•9-12•0.6mi
6/10
Alexander Hamilton Senior High School
Public,•9-12•2.5mi

Price History

Date
Event
Price
08/25/25
Sold
$1,275,000
06/01/22
Sold
$825,000
03/09/22
Sold
$650,000
Condition Rating
Excellent
This property is a brand-new construction, built in 2024. The listing explicitly states 'all-new systems including plumbing, electrical, roof, HVAC, tankless water heater, luxury appliances,' along with 'sleek modern finishes' and 'recessed lighting.' It is described as 'move-in ready' and built to the 'latest LADBS standards,' indicating all components are new, meet current quality standards, and have no deferred maintenance. The detached ADU also features updated systems and a mini-split HVAC, further supporting the excellent condition.
Pros & Cons

Pros

New Construction & Modern Infrastructure: Built in 2024, this property features all-new systems including plumbing, electrical, roof, HVAC, tankless water heater, and luxury appliances, ensuring low maintenance and modern living. It's also built to the latest LADBS standards with a water capture system and fire sprinklers.
Income-Generating ADU & Versatile Spaces: A fully permitted 1-bedroom, 1-bathroom detached ADU with its own private entrance and mini-split HVAC offers significant rental income potential (estimated $2,950/month) to offset mortgage costs, or provides flexible space for guests or a home office. The one-car garage is also drywalled with electrical, suitable for an office or art studio.
Attractive Financial Incentives: The seller is offering to pay the first year's property taxes and special lender financing, significantly reducing initial and ongoing costs for the buyer and making homeownership more accessible.
Prime & Dynamic Location: Located in the 'red-hot' West Adams neighborhood, the property offers excellent accessibility, being minutes from the Expo and Crenshaw Lines and close to popular local hotspots, restaurants, and amenities.
Contemporary Interior Design: The main home boasts an open, sunlit floor plan with sleek modern finishes and recessed lighting, providing an aesthetically pleasing and functional living environment.

Cons

Recently Sold Property: The property was recently sold within the past year on 2025-08-25. The sold price is $1,275,000.00.
Mixed School Ratings: Several nearby public schools, including Audubon Middle School and Susan Miller Dorsey Senior High School, have low ratings (2 out of 10), which may be a concern for families prioritizing highly-rated educational institutions.
Limited Dedicated Parking: The property features a one-car garage that is highlighted for its versatility as an office or studio, rather than primary parking. No additional dedicated parking spaces are explicitly mentioned, which could be a drawback in Los Angeles.
Potentially Limited Private Outdoor Space: While the lot size is 5200 sqft, with a main house and a detached ADU, the usable private yard space for the main residence might be smaller than some buyers desire, as the description does not emphasize extensive outdoor living areas.

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