Listing Agent: Davis Saadian      Broker/Office: Keller Williams Hollywood Hills
2524 Sycamore Avenue S Los Angeles CA 90016
$ 925,000
  3   |    1   |    988 Sq Feet

Listing ID

#26849689

Status

Active

Property Type

Single Family Residence

County

Los Angeles

Year Built

1923

Days on website

2

Description
We are proud to present 2524 S. Sycamore Ave, a rare development and value-add opportunity in the heart of West Adams. This 3-bedroom, 1-bathroom single-family residence sits on a 5,331 SF lot zoned LAR3, offering a prime canvas for a multifamily development or a buy-and-hold investment. The home is currently tenant-occupied on a month-to-month basis, generating $3,300 per month in gross rent, giving a new owner immediate income and flexibility. Built in 1923, the single-story residence offers 988 SF of living space with classic wood-frame and stucco construction on a raised foundation. Located within a designated Opportunity Zone, the property offers significant potential tax advantages for investors. West Adams is one of Los Angeles' fastest-growing submarkets, surrounded by major employment and lifestyle drivers including the 1,200-unit Cumulus development, the +/-500,000 SF Ivy Station, Apple, Nike, Amazon Studios, and Sony. With strong leasing momentum, ongoing investment, and excellent access to transit and freeways, this is a strategic position in a neighborhood on the rise. Do not miss this chance to acquire land, income, and upside in one of LA's most dynamic corridors.
Location
Financial Information
List Price:  $ 925000
Property Features
Appliances:  Dryer, Refrigerator, Washer
Flooring:  Tile
Furnished:  Unfurnished
Levels:  One
Parking Features:  Gated
Senior Community YN:  false
Senior Community YN:  false
MLS Area Major:  C16 - Mid Los Angeles
City:  Los Angeles
Listed By:   Davis Saadian   Keller Williams Hollywood Hills 
CA Lic#