2524 S Sycamore Ave Los Angeles, CA 90016
West Adams NeighborhoodEstimated payment $5,472/month
Total Views
9,008
3
Beds
1
Bath
988
Sq Ft
$911
Price per Sq Ft
Highlights
- No HOA
- Central Heating
- 1-Story Property
- Views
About This Home
We are pleased to present an opportunity to acquire this 3-bedroom + 1-bathroom single-family residence. Currently tenant-occupied on a month-to-month lease, the property generates gross rents of $3,176 per month. The site is zoned LAR3. The neighboring parcel at 2530 S. Sycamore Ave is also available for sale, offering a combined lot size of 10,335 square feet. This single-story building, constructed in 1923, features a wood frame and stucco design on a raised foundation, with 988 square feet of living space on a 5,331-square-foot lot. The property is located within an Opportunity Zone, offering potential tax benefits.The property is situated in the vibrant West Adams neighborhood, which is seeing significant development and leasing activity. Notable nearby developments include the 1,200-unit Cumulus Development, Apple Campus, Nike, Amazon Studios, Sony, and the +/-500,000 SF Ivy Station development. This up-and-coming area continues to attract investment, making it a prime location with easy access to transportation.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $5,840
Year Built
- Built in 1923
Lot Details
- 5,331 Sq Ft Lot
- Property is zoned LAR3
Parking
- 3 Parking Spaces
Interior Spaces
- 988 Sq Ft Home
- 1-Story Property
- Laundry in unit
- Property Views
Kitchen
- Oven or Range
- Freezer
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 3 Bedrooms
- 1 Full Bathroom
Utilities
- Central Heating
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 5049-009-077
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $5,840 | $468,910 | $375,132 | $93,778 |
| 2023 | $5,732 | $459,717 | $367,777 | $91,940 |
| 2022 | $5,471 | $450,704 | $360,566 | $90,138 |
| 2021 | $5,400 | $441,868 | $353,497 | $88,371 |
| 2020 | $5,454 | $437,338 | $349,873 | $87,465 |
| 2019 | $5,240 | $428,763 | $343,013 | $85,750 |
| 2018 | $5,207 | $420,357 | $336,288 | $84,069 |
| 2016 | $4,980 | $404,036 | $323,231 | $80,805 |
| 2015 | $3,991 | $321,000 | $257,000 | $64,000 |
| 2014 | $4,139 | $321,000 | $257,000 | $64,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/10/2025 03/10/25 | For Sale | $900,000 | -- | $911 / Sq Ft |
Source: The MLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | Accommodation | |
| Grant Deed | $350,000 | First American Title Company | |
| Interfamily Deed Transfer | -- | Chicago Title Co | |
| Grant Deed | $93,000 | Chicago Title Co | |
| Trustee Deed | $95,033 | Chicago Title Co |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $400,000 | New Conventional | |
| Closed | $214,230 | New Conventional | |
| Previous Owner | $280,000 | Purchase Money Mortgage | |
| Previous Owner | $150,000 | Unknown | |
| Previous Owner | $12,000 | Unknown | |
| Previous Owner | $74,400 | No Value Available |
Source: Public Records
Similar Homes in the area
Source: The MLS
MLS Number: 25509215
APN: 5049-009-077
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