$1,595,000
bedrooms
5
bathrooms
0
square feet
2,441
Acreage
0.1212
Open Houses
-
year built
1954
Full Baths
0
Half Baths
0
12001 Sylvester presents a prime real estate opportunity in the heart of Mar Vista, located at the corner of Sylvester Street and Inglewood Blvd. This well-positioned property sits at the entrance of a serene cul-de-sac and comprises a triplex featuring two 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit. The 1-bedroom unit offers immediate potential for occupancy as it may be delivered vacant. 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: With one unit potentially vacant, rent can be adjusted to market rate. The remaining two units are currently rented at approximately 50% below market, and 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 (12007 and 12013 Sylvester) 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.
Location | |
Subdivision | - |
County | Los Angeles |
Elementary School | - |
Middle School | - |
High School | - |
Find out more
Tell us who you are, and we will have someone reach out to you.
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.
[source]
Last update: Wednesday, January 15 2025 at 1:16 a.m. EST
Kotohomes National
Other listings you might be interested in
$1,599,000
5 Bed •
0 Bath •
2,200 ft²
3362 W Imperial Hwy
Inglewood, CA 90303
$1,595,000
5 Bed •
0 Bath •
3,419 ft²
12511 Culver Blvd
Los Angeles, CA 90066
$1,499,000
5 Bed •
0 Bath •
2,604 ft²
2108 Hauser Blvd
Los Angeles, CA 90016
$1,395,000
5 Bed •
0 Bath •
2,441 ft²
12013 Sylvester St
Los Angeles, CA 90066
$1,395,000
5 Bed •
0 Bath •
2,441 ft²
12007 Sylvester St
Los Angeles, CA 90066
$1,650,000
5 Bed •
0 Bath •
3,134 ft²
2416 Echo Park Ave
Los Angeles, CA 90026
$1,550,000
5 Bed •
0 Bath •
2,120 ft²
6214 Bertha St
Los Angeles, CA 90042
$1,875,000
5 Bed •
0 Bath •
2,451 ft²
2536 Military Ave
Los Angeles, CA 90064
$1,795,000
5 Bed •
0 Bath •
2,426 ft²
1330 Silver Lake Blvd
Los Angeles, CA 90026
$1,799,000
5 Bed •
0 Bath •
3,501 ft²
1250 N Genesee Ave
West Hollywood, CA 90046
$1,700,000
5 Bed •
0 Bath •
2,800 ft²
7245 Harding Circle
Buena Park, CA 90620
$1,899,000
5 Bed •
0 Bath •
2,412 ft²
5340 Teesdale Ave
Valley Village, CA 91607