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.
Property Details
Price:
$1,175,000
MLS #:
24462241
Status:
Active
Baths:
0
Address:
2530 S Sycamore Avenue
Type:
Residential Income
Neighborhood:
c16midlosangeles
City:
Los Angeles
Listed Date:
Nov 11, 2024
State:
CA
ZIP:
90016
Lot Size:
5,004 sqft / 0.11 acres (approx)
See this Listing
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Schools
Interior
Appliances
Refrigerator
Exterior
Parking Spots
6.00
Stories Total
2
Financial
Map
Community
- Address2530 S Sycamore Avenue Los Angeles CA
- AreaC16 – Mid Los Angeles
- CityLos Angeles
- CountyLos Angeles
- Zip Code90016
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2530 S Sycamore Avenue
Los Angeles, CA
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