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2524 Sycamore Avenue
Los Angeles, CA 90016
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.
PROPERTY INFORMATION
| MLS # | 24434447 | Lot Size | 5,331 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | N/A |
| Price | $ 995,000
Price Per SqFt: $ 1,007 |
DOM | 243 Days |
| Address | 2524 Sycamore Avenue | Type | Residential Income |
| City | Los Angeles | Sq.Ft. | 988 Sq. Ft. |
| Postal Code | 90016 | Garage | N/A |
| County | Los Angeles | Year Built | 1923 |
| Bed / Bath | 3 / 0 | Parking | N/A |
| Built In | 1923 | Status | Active |
INTERIOR FEATURES
| Has Appliances | Yes |
| Kitchen Appliances | Disposal, Refrigerator |
EXTERIOR FEATURES
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $1,061
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 09/02/2024 | Listed | $995,000 |
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Listing provided courtesy of Davis Saadian, KW Advisors. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
