12007 Sylvester Street

Los Angeles, CA 90066

$1,395,000

List Price

5

bed Beds

3

shower Baths

2,441 sqft

straighten / sqft

1954

calendar_month Built

Property Description

12007 Sylvester presents a prime real estate opportunity in the heart of Mar Vista, located two building in from the corner of Sylvester Street and Inglewood Blvd. This triplex located on a cul-de-sac features two 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit. Each unit is complemented by private outdoor spaces, including patios for the ground-floor units and a balcony for the second-story unit. The property also includes separate one-car garages, with additional parking available in front of each garage. Value-Add Opportunities - Rental Upside: The property is 100% occupied when a unit vacates rent can be adjusted to market rate. currently the rents at approximately 50% below market. With the ability to add an ADU unit, presents a strong income growth opportunity. Owner-Occupancy Potential: Ideal for buyers looking to occupy one unit while benefiting from rental income from the others. Development Possibilities: Zoned LARD3, the property offers multiple paths for redevelopment. For those looking to expand further, the two adjacent triplexes (12001 and 12013Sylvester) are also available for sale for $266/SF, enabling a combined 16,500-square-foot lot development. By right, this assemblage could yield 20 units, or up to 28 units with bonus density (buyer to verify with the City of Los Angeles). Conveniently located near Culver City, this property offers easy access to dining and entertainment on Washington Blvd and the vibrant Mar Vista Farmers Market on Grandview. Don't miss the chance to invest in one of West LA's most desirable neighborhoods.

Listing Information

List Price $1,395,000
Status Active
MLS 24468485
Type Residential Income
Year Built 1954
Lot Size 5,500
Structure Size 2,441
DOM 8
Courtesy Of Compass
Listing Agent D. Timothy Byrne DRE#01186465

Interior Features

Total Bedroom
Bedrooms 5
Total Bathroom
Bathrooms 3
Cooling Type
Cooling Type None

Exterior Information

Maps

Listing information courtesy of: D. Timothy Byrne, Compass 310-801-3442. *Based on information from the Association of REALTORS/Multiple Listing as of Dec 10th, 2024 at 5:13 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.