$1,200,000 Price Analysis   ♡   Los 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 |
We 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 is 100% occupied and is subject to the City of Los Angeles rent control regulation. The investment boasts vast floor plans, secured gated entry, five (5) on-site parking spaces, updated copper plumbing and individually metered for gas and electricity. The neighboring parcel (2524 S. Sycamore Avenue) is also available for sle, 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
Full Bathrooms: 5
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 5004
Parking Total: 6
Calculated Total Monthly Association Fees: 0
Number of Units: 5
Unit Features: 1 BedsTotal: 1, 1 BathsTotal: 1, 1 SquareFeet: 2000, 2 BedsTotal: 1, 2 BathsTotal: 1, 2 SquareFeet: 2000, 3 BedsTotal: 1, 3 BathsTotal: 1, 3 SquareFeet: 2000, 4 BedsTotal: 2, 4 BathsTotal: 1, 4 SquareFeet: 2750, 5 BedsTotal: 2, 5 BathsTotal: 1, 5 SquareFeet: 2750
County: Los Angeles
Cap Rate: 5
Directions: 2530 S. Sycamore Avenue | Los Angeles 90016
Source Property Type: Residential Income
Area: Mid Los Angeles
Source Neighborhood: Mid Los Angeles
Parcel Number: 5049-009-078
Zoning: LAR3
Source System Name: C2C
| 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 |
$1,200,000
TheMLSCLAW
Listing removed 2014-04-09
$950
WestsideRentals
Listed for rent 2014-03-19
$950
WestsideRentals
Sold 2003-03-28
$305,000
ITECH
Listed 2002-12-20
$289,000
ITECH
Listing removed 2002-01-01
$289,000
ITECH
Listed 2001-02-23
$289,000
ITECH
Listing removed 2000-12-02
$209,000
ITECH
Listed 1998-11-10
$209,000
ITECH
Listing removed 1998-10-16
$249,000
ITECH
Listed 1998-04-20
$249,000
ITECH
Sold 1990-04-10
$230,000
Public Record
Year Built: 1956
Levels: Two Level
Living Area Source: Vendor Enhanced
Property Age: 68
Levels or Stories: 2
Building Total Stories: 2
Year Built Source: Assessor
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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.