$1,200,000
- Beds
- 7
- sq ft
- 3,430
2530 S Sycamore Ave, Los Angeles, CA 90016
2530 S Sycamore Ave
Los Angeles, CA 90016
- 52 days on market
We pleased to offer the opportunity to acquire this five (5) unit multifamily investment opportunity located at 2530 S. Sycamore Avenue, in the City of Los Angeles. This two-story building, single structure, was constructed of wood frame and stucco on a raised foundation built in 1956 with a square footage of 3,430 on a 5,003-square foot lot. The site falls within an Opportunity Zone, excellent for tax benefits, and zoned LAR3, TOC Tier 1. The building has been reinforced and upgraded in compliance with the latest city codes and regulations, and is comprised of a remarkable unit mix, consisting of three (3) 1+1 units, and two (2) 2+1 units. The subject property is 100% occupied and is subject to the City of Los Angeles rent control regulation. The investment boasts spacious floor plans, secured gated entry, five (5) on-site parking spaces, updated copper plumbing, and individually metered for gas and electricity. * The neighboring parcel (2524 S. Sycamore Avenue) is also available for sale, which consists of a SFR, with a lot size for 5,331-SF, zoned LAR3. A rare and incredible development opportunity. Seismic retrofitting has been completely taken care of, built with permits. - Please email for the Executive Summary
Details
Property type
Lot size
5,004 sq ft
Price per sq ft
$350
Year built
1956
HOA
No
Price History
05/10/2024
![CLAW](/_next/static/media/clawLogo.95a18e7e.png)
CLAW #24388229
Listed
$1,200,000
Schools & Community
Neighborhood:
West Adams
Elementary school:
Unknown
Middle school:
Unknown
High school:
Unknown
Status: Active
Tomo last checked: 07/01/2024 at 8:20 AM
Listing updated: 05/18/2024 at 5:18 AM
Listed by: Davis Saadian, Carolwood Estates Phone #: (310) 623-3600
MLS: CLAW #24388229
![CLAW logo](/_next/static/media/clawLogo.95a18e7e.png)
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