2524 S Sycamore Ave, Los Angeles, Los Angeles, CA, CA, US, 90016
2524 S Sycamore Ave, Los Angeles, Los Angeles, CA, CA, US, 90016Basics
- Date added: Added 2 days ago
- Category: Residential
- Type: Single Family Residence
- Status: Active
- Bedrooms: 3
- Bathrooms: 1
- Year built: 1923
- MLS ID: 26849689
- Bath Full: 1
- Listing Agent License Number: 01921748
- Listing Agent First Name: Davis
- Listing Agent Last Name: Saadian
- Lot Size Area: 5331
- Bath Half: 0
- Days On Market: 0
- Living Area: 988
- Listing Broker: 01364089
Description
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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.
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Rooms
- Rooms: Dining Room, Den, Other, Living Room, Breakfast
Building Details
- Listing Area: Mid Los Angeles
- Building Type: Detached
- Parking Garage: Gated
- Flooring: Vinyl Plank, Tile
Amenities & Features
- Heating: Other
- Pool: No
- Cooling: Other
- Furnished: Unfurnished
- Levels: One Level