$1,100,000
bedrooms
7
bathrooms
0
square feet
3,430
Acreage
0.1149
Open Houses
-
year built
1956
Full Baths
0
Half Baths
0
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 (Unit #3 - Market rent is $2,150/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. Seismic retrofitting has been permitted and completely taken care of by the current owner. The investment is currently priced at a 6.5% Cap Rate & 11.8x GRM. Excellent cash-flow investment opportunity. Please email for the Executive Summary/ Financial Analysis. * 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.
Location | |
Subdivision | - |
County | Los Angeles |
Elementary School | - |
Middle School | - |
High School | - |
Exact location data not provided
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MLS number: 25509165
Listing agent:
Davis Saadian
Listing broker:
Keller Williams Realty Hollywood Hills
(310) 623-1300
Copyright © 2025 TheMLSCLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Last update: Wednesday, April 23 2025 at 2:39 p.m. EDT
Kotohomes National
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