Description
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 (unit #3 - market rent is $2,150/month) and is subject to the city of los angeles rent control regulation. 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. seismic retrofitting has been permitted and completely taken care of by the current owner. the investment is currently priced at a 6.5% cap rate & 11.8x grm. excellent cash-flow investment opportunity. please email for the executive summary/ financial analysis. * 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.
Property Type
Residential IncomeCounty
Los AngelesStyle
Residential IncomeAD ID
48916076
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Property Details
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Interior Features
Bedroom Information
- Total Bedrooms : 7
Bathroom Information
- Total Baths: 5
- Full Baths: 0
- Half Baths: 0
Interior Features
- Property Appliances: Refrigerator
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Exterior Features
Building Information
- Year Built: 1956
- Building Area Total: 3,430
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Property / Lot Details
Lot Details
- Lot Dimensions Source: Vendor Enhanced
- Lot Size Acres: 0.1149
- Lot Size Source: Vendor Enhanced
- Lot Size Square Feet: 5004
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Listing Information
Listing Price Information
- Original List Price: 1,100,000
- Listing Contract Date: 2025-03-10
Lease Information
- Listing Agreement: Seller Reserved
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Taxes / Assessments
Tax Information
- Parcel Number: 5049009078
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Virtual Tour, Parking, Multi-Unit Information & Homeowners Association
Garage and Parking
Homeowners Association
Rental Info
- Lease Term: Negotiable
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School, Utilities & Location Details
Other Property Info
- Source Listing Status: Active
- Source Neighborhood: C16 - Mid Los Angeles
- Directions: 2530 S. Sycamore Avenue | Los Angeles, CA 90016
- Zoning: LAR3
- Source Property Type: Residential Income
- Area: C16 - Mid Los Angeles
Building and Construction
- Property Age: 69
- Year Built Source: Estimated
- Total Square Feet Living: 3430
- Levels or Stories: Two
- Building Total Stories: 2
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BuyOwner last updated this listing 06/06/2025 @ 05:43
- MLS: 25509165
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: CRMLS
is a Home, with 7 bedrooms which is for sale, it has 3,430 sqft, 5,004 sized lot, and 0 parking. are nearby neighborhoods.