2524 S Sycamore Avenue Los Angeles CA 90016 MLS #24434445

2524 S Sycamore Avenue
Los Angeles, CA, 90016
$995,000
3 Beds
1 Baths
988 SqFt
0.12 Acres
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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 constructed 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.

Property Details

Price:
$995,000
MLS #:
24434445
Status:
Active
Beds:
3
Baths:
1
Address:
2524 S Sycamore Avenue
Type:
Single Family
Subtype:
Single Family Residence
Neighborhood:
c16midlosangeles
City:
Los Angeles
Listed Date:
Sep 2, 2024
State:
CA
Finished Sq Ft:
988
ZIP:
90016
Lot Size:
5,331 sqft / 0.12 acres (approx)
Year Built:
1923
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Parking Features
Private
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3.00
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None
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2
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