57
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$1,200,000
Est. payment /mo
4 Beds
4 Baths
7,201 Sqft Lot
Price Dropped by $99K
2908 S Sycamore Avenue Los Angeles, CA 90016
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Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB25002856
Bedrooms 4
HOA Y/N No
Lot Size 7,201 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
A rare investment opportunity in one of LAs most desirable neighborhoods. This 7,201 sq. ft. lot, zoned R3, offers tremendous potential for developers and investors to build a larger multi-unit project or expand the existing footprint (buyer to verify zoning and development guidelines). The property currently includes four 1-bedroom, 1-bathroom units, each with private yard spaces and additional areas that may be repurposed or expanded. Tenants pay for all utilities except water, providing reliable income while planning future improvements. Located in the heart of Mid-City, this property boasts unmatched convenience, close to retail, dining, and cultural hotspots. Its central location also ensures easy access to major freeways, public transit, and LAs thriving job market. For investors with a vision, the possibilities are abundant: build up, add units, or explore maximizing the lots value by converting the rear garages into ADUs for additional income (buyer to verify feasibility).
A rare investment opportunity in one of LAs most desirable neighborhoods. This 7,201 sq. ft. lot, zoned R3, offers tremendous potential for developers and investors to build a larger multi-unit project or expand the existing footprint (buyer to verify zoning and development guidelines). The property currently includes four 1-bedroom, 1-bathroom units, each with private yard spaces and additional areas that may be repurposed or expanded. Tenants pay for all utilities except water, providing reliable income while planning future improvements. Located in the heart of Mid-City, this property boasts unmatched convenience, close to retail, dining, and cultural hotspots. Its central location also ensures easy access to major freeways, public transit, and LAs thriving job market. For investors with a vision, the possibilities are abundant: build up, add units, or explore maximizing the lots value by converting the rear garages into ADUs for additional income (buyer to verify feasibility).
A rare investment opportunity in one of LAs most desirable neighborhoods. This 7,201 sq. ft. lot, zoned R3, offers tremendous potential for developers and investors to build a larger multi-unit project or expand the existing footprint (buyer to verify zoning and development guidelines). The property currently includes four 1-bedroom, 1-bathroom units, each with private yard spaces and additional areas that may be repurposed or expanded. Tenants pay for all utilities except water, providing reliable income while planning future improvements. Located in the heart of Mid-City, this property boasts unmatched convenience, close to retail, dining, and cultural hotspots. Its central location also ensures easy access to major freeways, public transit, and LAs thriving job market. For investors with a vision, the possibilities are abundant: build up, add units, or explore maximizing the lots value by converting the rear garages into ADUs for additional income (buyer to verify feasibility).
Location
State CA
County Los Angeles
Area Los Angeles (90016)
Zoning Other
Interior
Cooling Wall/Window
Exterior
Fence Cross Fencing
Building
Lot Description Sidewalks
Story 1
Lot Size Range 4000-7499 SF
Level or Stories 1 Story
Others
Monthly Total Fees $40
Acceptable Financing Cash, Conventional
Space Rent $1,700
Listing Terms Cash, Conventional
Listed by Jasaan Dabney • Pellego, Inc.