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$1,395,000

Beds
5
sq ft
2,441

12007 Sylvester St, Los Angeles, CA 90066

12007 Sylvester St

Los Angeles, CA 90066

  • 20 days on market
12007 Sylvester presents a prime real estate opportunity in the heart of Mar Vista, located two building in from the corner of Sylvester Street and Inglewood Blvd. This triplex located on a cul-de-sac features two 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit. Each unit is complemented by private outdoor spaces, including patios for the ground-floor units and a balcony for the second-story unit. The property also includes separate one-car garages, with additional parking available in front of each garage. Value-Add Opportunities - Rental Upside: The property is 100% occupied when a unit vacates rent can be adjusted to market rate. currently the rents at approximately 50% below market. With the ability to add an ADU unit, presents a strong income growth opportunity. Owner-Occupancy Potential: Ideal for buyers looking to occupy one unit while benefiting from rental income from the others. Development Possibilities: Zoned LARD3, the property offers multiple paths for redevelopment. For those looking to expand further, the two adjacent triplexes (12001 and 12013Sylvester) are also available for sale for $266/SF, enabling a combined 16,500-square-foot lot development. By right, this assemblage could yield 20 units, or up to 28 units with bonus density (buyer to verify with the City of Los Angeles). Conveniently located near Culver City, this property offers easy access to dining and entertainment on Washington Blvd and the vibrant Mar Vista Farmers Market on Grandview. Don't miss the chance to invest in one of West LA's most desirable neighborhoods.

Details

Property type

Lot size

5,500 sq ft

Price per sq ft

$572

Year built

1954

HOA

No

Price History

12/02/2024
CLAW

CLAW #24468485

Listed
$1,395,000

Schools & Community

Neighborhood: 

Mar Vista

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Status: Active

Tomo last checked: 12/22/2024 at 10:50 PM

Listing updated: 12/10/2024 at 9:20 AM

Listed by: D. Timothy Byrne, Compass Phone #: (310) 820-0195

MLS: CLAW #24468485

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