2524 S Sycamore Avenue, Los Angeles, CA 90016
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Listed Price :
$995,000
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Beds :
3
-
Baths :
1
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Property Size :
988 sqft
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Year Built :
1923
Property Description
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.
Interior Features
| Bedroom Information |
| Bedrooms |
3 |
| Bathroom Information |
| Bathrooms |
1 |
Listing Information
| Address |
2524 S Sycamore Avenue |
| City |
Los Angeles |
| State |
CA |
| Zip |
90016 |
| County |
Los Angeles |
| Listing Agent |
Davis Saadian DRE #01921748 |
| Courtesy Of |
KW Advisors |
| List Price |
$995,000 |
| Status |
Active |
| Type |
Residential Income |
| Structure Size |
988 |
| Lot Size |
5,331 |
| Year Built |
1923 |
Listing information courtesy of: Davis Saadian, KW Advisors. *Based on information from the Association of REALTORS/Multiple Listing as of Dec 5th, 2024 at 5:10 AM 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.
