2524 S Sycamore Avenue
Los Angeles, CA 90016
988 sqft | 3 beds | 1 bath | 0.12 acres | #24434445
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 Details
- Bedrooms3
- Bathrooms1
- Full Baths1
Property Details
- ViewCityLights
- Stories2
Measurements
- Acres0.1224
- Square Feet988
Construction Details
- Property TypePurchase
Condition
- Year Built1923
Community and Neighborhood Details
- CountyLos Angeles
Financial Details
- Original List Price$995,000
Other
- MLS #24434445
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Davis Saadian (#CLW-C114727)
Listing Office: KW Advisors (#CLW-X74717)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
