Los Angeles, CA 90016,2530 S Sycamore AVE
Los Angeles, CA 90016,2530 S Sycamore AVE
Los Angeles, CA 90016,2530 S Sycamore AVE
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HomeSmart Realty West
$1,175,000
Est. payment /mo
7 Beds
5 Baths
3,430 SqFt
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UPDATED:

12/05/2024 05:28 AM

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,430 sqft

Price per Sqft $342

MLS Listing ID 24462241

Bedrooms 7

HOA Y/N No

Lot Size 5,005 Sqft

Property Description

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 (Currently being updated and remodeled). 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. * 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. Seismic retrofitting has been completely taken care of, built with permits.

Location

State CA

County Los Angeles

Area C16 - Mid Los Angeles

Zoning LAR3

Interior

Fireplace No

Appliance Refrigerator

Exterior

Total Parking Spaces 6

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5049009078

Special Listing Condition Standard


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California Regional MLS (CRMLS)
Listed by Davis Saadian • KW Advisors

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HomeSmart Realty West

+1(760) 607-5900

Broker | License ID: DRE#1905908

Broker License ID: DRE#1905908

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