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$995,000
Est. payment /mo
3 Beds
1 Bath
988 SqFt
UPDATED:
12/05/2024 05:10 AM
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 988 sqft
Price per Sqft $1,007
MLS Listing ID 24434445
Bedrooms 3
Full Baths 1
HOA Y/N No
Year Built 1923
Lot Size 5,331 Sqft
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.
Location
State CA
County Los Angeles
Area C16 - Mid Los Angeles
Zoning LAR3
Interior
Fireplaces Type None
Furnishings Unfurnished
Fireplace No
Appliance Refrigerator, Dryer, Washer
Laundry See Remarks
Exterior
Parking Features Private
Pool None
View Y/N Yes
View City Lights
Total Parking Spaces 3
Private Pool No
Building
Story 2
Entry Level One
Architectural Style See Remarks
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 5049009077
Special Listing Condition Standard
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Listed by Davis Saadian • KW Advisors