2530 S Sycamore Avenue Los Angeles, CA 90016
We are 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 has one (1) vacant 1+1 unit (Market rents $2, 000/month) 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.
- Property TypeMulti-Family
- NeighborhoodN/A
- CountyLos Angeles
- Taxes$0
- HOA/Condo/Coop Fees$0
- Days on Site32 Days
- MLS StatusActive
- MLS ID Number24434453
- Home Size Source N/A
- Year BuiltN/A
- Lot Size0.1149 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Parking Private
- Parking Spaces 6
- Number of Stories Multi/Split2
- Acreage 0.1149
- Zoning LAR3
- Listing Conditions Standard
Interior Features
- Appliances Refrigerator
Community Features
- Senior Community No
- MLS Area C16 - Mid Los Angeles