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… Read More 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 (Unit #3 - Market rent is $2,150/month) and is subject to the City of Los Angeles rent control regulation. 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. Seismic retrofitting has been permitted and completely taken care of by the current owner. The investment is currently priced at a 6.5% Cap Rate & 11.8x GRM. Excellent cash-flow investment opportunity. Please email for the Executive Summary/ Financial Analysis. * 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. Read Less
Courtesy of Keller Williams Hollywood Hills 310-623-1300
Listing Snapshot
Days Online
96
Last Updated
Property Type
Other
Beds
7
Square Ft.
3,430
Lot Size
0.11 Acres
Year Built
1956
MLS Number
25509165
30 Days Snapshot Of 90016
$984k
+69%
(avg) sold price
4
-33%
homes sold
136
+16%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Range/Oven, Refrigerator, Freezer
Building
3,430 sq ft, Built in 1956, Levels: Two
Disclosures
As Is
Lot
LotAcreage: 0.1149, LotSizeArea: 5,004
Parking
TotalParking: 6
Property
NumberOfUnits: 5, Zoning: LAR3
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