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(323) 864-4211
Linda Roth Burrell
2524 S Sycamore Ave, Los Angeles, CA 90016
- $925,000
- 3
- BD
- 1
- BA
- 988
- SqFt
- List Price
- $925,000
- MLS#
- 26849689
- Year Built
- 1923
- Bedrooms
- 3
- Bathrooms
- 1
- Living Sq. Ft
- 988
- Lot Size
- 5,331
- Days on Market
- 109
- Property Type
- Single Family Residential
- Style
- A-Frame
- Stories
- 1
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.
Additional Information
- Other Buildings
- None
- Pool Description
- None
- Heat
- Other
- Cooling
- Other
- View
- None
- Number of Cars in Garage
- Gated
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Courtesy of Keller Williams Hollywood Hills, Davis Saadian - CA DRE#01921748
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