$1,200,000 Price Analysis 2530 S Sycamore AveLos Angeles, CA 90016 7 bed 5 bath 3,430 SqFt ($349/SqFt) 5,004SqFt lot. Built 1956 Listed 2024-05-10, Taxes $5,706 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
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 rem arkable unit mix, consisting of three (3) 1+1 units and two (2) 2+1 units.
The subject property is 100% occupied and is subject to the City of Los Angeles rent control regulation. The investment boasts open floor plans, secured gated entry, five (5) on-site parking spaces, updated copper plumbing and individually metered for gas and electrcity. 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. Seismic retrofitting has been completely taken care of, built with permits. - Please email for the Executive Summary
Presented by Davis Saadian at
Carolwood Estates.
Property MLS #24-388229 from TheMLSCLAW
Year | Assessments Building + Land Total | Tax |
---|---|---|
2022 | $197,887 + $218,358 $416,245 | $5,706 |
2021 | $194,007 + $214,077 $408,084 | $5,621 |
2020 | $192,018 + $211,882 $403,900 | $5,669 |
2019 | $188,253 + $207,728 $395,981 | $5,472 |
2018 | $184,562 + $203,655 $388,217 | $5,406 |
2017 | $180,944 + $199,662 $380,606 | $5,258 |
2016 | $177,397 + $195,748 $373,145 | $5,113 |
2015 | $174,733 + $192,808 $367,541 | $5,047 |
2014 | $171,311 + $189,032 $360,343 | $5,096 |
2013 | $170,537 + $188,178 $358,715 | $5,080 |
2012 | $167,194 + $184,489 $351,683 | $5,143 |
2010 | $163,916 + $180,872 $344,788 | $4,967 |
2009 | $163,078 + $179,948 $343,026 | $4,792 |
2009 | $162,691 + $179,521 $342,212 | $4,792 |
2008 | $159,881 + $176,420 $336,301 | $4,608 |
2007 | $156,747 + $172,961 $329,708 | $4,456 |
The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.