2530 S Sycamore Avenue
Los Angeles, CA 90016
3430 sqft | 7 beds | 0.11 acres | #24462241
Description
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 (Currently being updated and remodeled). 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.
Interior Details
- Bedrooms7
Property Details
- Stories2
Measurements
- Acres0.1149
- Square Feet3430
Construction Details
- Property TypeMulti-Family
Community and Neighborhood Details
- CountyLos Angeles
Financial Details
- Original List Price$1,175,000
Other
- MLS #24462241
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Davis Saadian (#CLW-C114727)
Listing Office: KW Advisors (#CLW-X74717)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
