$995,000
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2524 Sycamore Avenue Los Angeles, CA 90016
Single Family
Residence
3
Beds
1
Baths
988
Sq. Ft.
0.12
Acre
Lot
Property Activity
Time on Site
days
Days on Market
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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 constru...cted 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.
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MLS#
24434445
Property Type
Single Family
Status
Bedrooms
3
Bathrooms
1 Full
Year Built
1923
Square Feet
988
sq. ft
Lot Size
0.12
Stories
1.0
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