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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 CL26849689
Bedrooms 3
Full Baths 1
HOA Y/N No
Year Built 1923
Lot Size 5,331 Sqft
Acres 0.1224
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
Zoning LAR3
Interior
Interior Features Den
Flooring Tile
Fireplaces Type None
Fireplace No
Appliance Refrigerator
Laundry Dryer, Washer
Exterior
Pool None
View Y/N false
View None
Total Parking Spaces 2
Private Pool false
Building
Story 1
Level or Stories One Story
New Construction No
Others
Tax ID 5049009077
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Listed by Davis Saadian • Keller Williams Hollywood Hills
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