2530 S Sycamore Avenue, Los Angeles, CA 90016
Local realty services provided by:ERA North Orange County Real Estate
2530 S Sycamore Avenue,Los Angeles, CA 90016
$1,100,000
- 7 Beds
- 5 Baths
- 3,430 sq. ft.
- Multi-family
- Active
Listed by:davis saadian
Office:keller williams hollywood hills
MLS#:25509165
Source:CRMLS
Price summary
- Price:$1,100,000
- Price per sq. ft.:$320.7
About this home
We are pleased to offer the opportunity to acquire this five (5) unit multifamily investment opportunity located at 2530 S. Sycamore Avenue, in the City of Los Angeles. This two-story building, single structure, was constructed of wood frame and stucco on a raised foundation built in 1956 with a square footage of 3,430 on a 5,003-square foot lot. The site falls within an Opportunity Zone, excellent for tax benefits, and zoned LAR3, TOC Tier 1. The building has been reinforced and upgraded in compliance with the latest city codes and regulations, and is comprised of a remarkable unit mix, consisting of three (3) 1+1 units, and two (2) 2+1 units. The subject property has one (1) vacant 1+1 unit (Unit #3 - Market rent is $2,150/month) and is subject to the City of Los Angeles rent control regulation. The investment boasts spacious floor plans, secured gated entry, five (5) on-site parking spaces, updated copper plumbing, and individually metered for gas and electricity. Seismic retrofitting has been permitted and completely taken care of by the current owner. The investment is currently priced at a 6.5% Cap Rate & 11.8x GRM. Excellent cash-flow investment opportunity. Please email for the Executive Summary/ Financial Analysis. * The neighboring parcel (2524 S. Sycamore Avenue) is also available for sale, which consists of a SFR, with a lot size for 5,331-SF, zoned LAR3. A rare and incredible development opportunity.
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Home facts
- Year built:1956
- Listing ID #:25509165
- Added:205 day(s) ago
- Updated:September 26, 2025 at 10:46 AM
Rooms and interior
- Bedrooms:7
- Total bathrooms:5
- Living area:3,430 sq. ft.
Structure and exterior
- Year built:1956
- Building area:3,430 sq. ft.
- Lot area:0.11 Acres
Finances and disclosures
- Price:$1,100,000
- Price per sq. ft.:$320.7
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