2116 S Palm Grove Ave
Los Angeles, CA, 90016
$1,395,000
MLS: DW25249257
Beds
7
Baths
5
Sq Ft
5,075
Lot
0.13 ac
Year Built
1924
MLS #
DW25249257
Days on Market
1
Listed
Oct 28, 2025
Description
Exceptional investment opportunity in the heart of Los Angeles! Welcome to 2116 S Palm Grove Ave, a well-maintained 5-unit multifamily property offering a perfect blend of classic charm and modern updates. Each unit is thoughtfully designed for comfortable living, featuring spacious interiors filled with natural light. The property includes on-site parking and a private outdoor area for tenant enjoyment. Conveniently located near shopping, dining, schools, and major freeways, this prime location offers excellent rental demand and long-term growth potential. Whether you’re an investor expanding your portfolio or looking for an income-producing property, 2116 S Palm Grove Ave is a must-see!
Location
Los Angeles, Los Angeles County, CA 90016
Open on Google Maps ↗Listed by: Gustavo Islas · Century 21 Allstars
Payment estimate
$9,990
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $139,500 · Loan: $1,255,500
- Principal & Interest
- $7,714
- Property tax (1.25%)
- $1,453
- Homeowners insurance
- $300
- Mortgage insurance
- $523
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of Apr 23, 2026
- 30-year fixed
- 6.23%
- 15-year fixed
- 5.58%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
Financing Options
FHA Financing — 3.5% Down＋
First-time and repeat buyers can purchase this Los Angeles home with as little as 3.5% down using an FHA loan — roughly $48,825 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
Local Market Stats
See Los Angeles, CA 90016 market trends →
Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.
★#1 Producing Individual Realtor — Antelope Valley
Only large teams outsell Mike Watson · Keller Williams Realty
Free Buyer & Seller Tools
Net Sheet Calculator
Estimate how much you'll walk away with after selling. Covers commissions, closing costs, and loan payoff.
Property Comparison
Compare 2–3 properties side-by-side — equity, monthly payment, cash to close, and DTI — all in one infographic.
Drive Time Calculator
Check commute times from this address to work, school, or anywhere else before you commit.
Buyer Cost Sheet
Estimate your total closing costs as a buyer — lender fees, title, escrow, and prepaids — before you write an offer.