Los Angeles, CA 90016 2524 S Sycamore Avenue
$995,000
1 more
Presented By: Davis Saadian with KW Advisors;
Home Details
We are pleased to offer the opportunity to acquire this LAR3 development opportunity located at 2524 S. Sycamore Avenue, in the City of Los Angeles. The neighboring parcel (2530 S. Sycamore Ave) is also available for sale, with a combined lot size of 10,335 SF. This single-story building was constructed of wood frame and stucco on a raised foundation built in 1923 with a square footage of 988 on a 5,331-square foot lot. The site falls within an Opportunity Zone, excellent for tax benefits. If you are unfamiliar with the West Adams neighborhood, nearby developments and tenants include the 1,200-unit Cumulus Development, the Apple Campus, Nike, Amazon Studios, Sony, and the +/-500,000 SF Ivy Station development. There continues to be strong development and leasing activity throughout the community with numerous sites in planning or development. If you're seeking a trendy up-and-coming neighborhood with ease of access to transportation, this is it. The property is currently occupied with a month-to-month tenant paying $2,887/month.
Presented By: Davis Saadian with KW Advisors;
Interior Features for 2524 S Sycamore Avenue
Bedrooms
Total Bedrooms3
Bathrooms
1/4 Baths0
3/4 Baths0
Half Baths
Total Baths1
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Fireplace Y/NNo
Heating Y/NNo
Total Stories1
General for 2524 S Sycamore Avenue
Additional Parcels Y/NNo
AppliancesDisposal, Refrigerator
Attached Garage No
Carport Y/NNo
CityLos Angeles
CountyLos Angeles
Days on Market8
Directions2524 S. Sycamore Ave | Los Angeles, CA 90016
Electric On Property Y/NNo
Full Baths
Garage Y/NNo
Gross Income34644.0
Home Owner AssocNo
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne
Lot Size Square Feet5331.0
Lot Size UnitsSquareFeet
MLS AreaC16 - Mid Los Angeles
MobileHomeRemainsYNNo
Net Operating Income27715.0
New ConstructionNo
NumberOfUnitsTotal1
Occupancy TypeTenant
Private PoolNo
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories1
View Y/NNo
Waterfront Y/NNo
Year Built1923
ZoningLAR3
Exterior for 2524 S Sycamore Avenue
Building Area Total988.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.1224
Lot Size Area5331.0
Number of Buildings1
Open Parking Y/NNo
Parking FeaturesPrivate
SpaNo
Total Parking0.0
Additional Details
Price History
Stephen Pliaconis
Pliaconis Realty Group REALTOR® DRE 02015480