12013 Sylvester Street
Los Angeles, CA, 90066
$1,395,000
Beds
0 Baths
SqFt
0.13 Acres
Add
12013 Sylvester presents a prime real estate opportunity in the heart of Mar Vista, located two building in from the corner of Sylvester Street and Inglewood Blvd. This triplex located on a cul-de-sac features two 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit. Each unit is complemented by private outdoor spaces, including patios for the ground-floor units and a balcony for the second-story unit. The property also includes separate one-car garages, with additional parking available in front of each garage. Value-Add Opportunities – Rental Upside: The property is 100% occupied when a unit vacates rent can be adjusted to market rate. currently the rents at approximately 50% below market. With the ability to add an ADU unit, presents a strong income growth opportunity. Owner-Occupancy Potential: Ideal for buyers looking to occupy one unit while benefiting from rental income from the others. Development Possibilities: Zoned LARD3, the property offers multiple paths for redevelopment. For those looking to expand further, the two adjacent triplexes (12001 and 12007 Sylvester) are also available for sale for $266/SF, enabling a combined 16,500-square-foot lot development. By right, this assemblage could yield 20 units, or up to 28 units with bonus density (buyer to verify with the City of Los Angeles). Conveniently located near Culver City, this property offers easy access to dining and entertainment on Washington Blvd and the vibrant Mar Vista Farmers Market on Grandview. Don’t miss the chance to invest in one of West LA’s most desirable neighborhoods.

Property Details

Price:
$1,395,000
MLS #:
24468443
Status:
Active
Baths:
0
Address:
12013 Sylvester Street
Type:
Residential Income
Neighborhood:
c13palmsmarvista
City:
Los Angeles
Listed Date:
Dec 2, 2024
State:
CA
ZIP:
90066
Lot Size:
5,502 sqft / 0.13 acres (approx)
Year Built:
1954
Ask a Question

See this Listing

Send
  

Mortgage Calculator

 

Schools

Interior

Cooling
None
Heating
Wall Furnace

Exterior

Garage Spaces
3.00
Parking Features
Garage – Three Door
Parking Spots
0.00

Financial

Map

Community

Similar Listings Nearby

12013 Sylvester Street
Los Angeles, CA