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2524 Sycamore Avenue S Los Angeles CA 90016
Price $ 925,000
Listing ID 26849689
Status Active
Property Type Single Family Residence
County Los Angeles
Beds 3
Baths 1
House Size 988
Year Built 1923
Days on website 7
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#
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