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$ 925,000
Est. payment | /mo
3 Beds
1 Bath
988 SqFt
$ 925,000
Est. payment | /mo
3 Beds
1 Bath
988 SqFt
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 988 sqft
Price per Sqft $936
MLS Listing ID 26849689
Bedrooms 3
Full Baths 1
HOA Y/N No
Year Built 1923
Lot Size 5,331 Sqft
Property Sub-Type Single Family Residence
Property 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
State CA
County Los Angeles
Area C16 - Mid Los Angeles
Zoning LAR3
Interior
Flooring Tile
Fireplaces Type None
Furnishings Unfurnished
Fireplace No
Appliance Refrigerator, Dryer, Washer
Exterior
Parking Features Gated
Pool None
View Y/N No
View None
Total Parking Spaces 2
Private Pool No
Building
Story 1
Entry Level One
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 5049009077
Special Listing Condition Standard
Listed by Davis Saadian Keller Williams Hollywood Hills #01921748
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