$1,100,000

2530 S Sycamore Ave Los Angeles, CA 90016

West Adams Neighborhood

Estimated payment $7,094/month

Total Views 5,413
7 Beds
5 Baths
3,430 Sq Ft
$321 Price per Sq Ft

About This Home

We are 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 has one (1) vacant 1+1 unit (Unit #3 - Market rent is $2,150/month) and is subject to the City of Los Angeles rent control regulation. The investment boasts spacious floor plans, secured gated entry, five (5) on-site parking spaces, updated copper plumbing, and individually metered for gas and electricity. Seismic retrofitting has been permitted and completely taken care of by the current owner. The investment is currently priced at a 6.5% Cap Rate & 11.8x GRM. Excellent cash-flow investment opportunity. Please email for the Executive Summary/ Financial Analysis. * 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.

Listing Agent

Davis Saadian

Keller Williams Hollywood Hills License #01921748 Listed on: 03/10/2025

Keller Williams Hollywood Hills

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1956

Lot Details

  • 5,004 Sq Ft Lot

Parking

  • 6 Parking Spaces

Interior Spaces

  • 3,430 Sq Ft Home
  • 2-Story Property

Kitchen

  • Oven or Range
  • Freezer

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 5 Bathrooms

Community Details

  • 5 Units

Listing and Financial Details

  • Assessor Parcel Number 5049-009-078

Property Details

Home Type

Multi-Family

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 3430
  • Lot Acreage: 0.1149
  • Stories: 2
  • Year Built: 1956
  • Number Of Photos: 12
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 7
  • Total Bathrooms: 5.00
  • Equipment: Range/Oven, Refrigerator, Freezer
  • Price Per S Q F T: 320.70

Exterior Features

  • Other Structures: None

Garage/Parking

  • Total Parking: 6

Lot Info

  • Assessed Improvement Percent: 47.54
  • Assessed Improvement Value: 205880
  • Assessed Land Percent: 52.46
  • Assessed Land Value: 227179
  • Total Assessed Value: 433059
  • Assessor Parcel Number: 5049-009-078
  • Lot Size Area: 5004

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110
  • Gross Rent Multiplier: 11.80
  • Number Of Units: 5
  • Total Annual Expense: 21658
  • Type Of Units: Apartments
  • Vacancy Rate: 20%

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/10/2025 03/10/25 For Sale $1,100,000 -- $321 / Sq Ft
Source: The MLS

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Source: The MLS

MLS Number: 25509165

The MLS
California Los Angeles County Los Angeles 90016 West Adams

2530 S Sycamore Ave, Los Angeles, CA

This home is located at 2530 S Sycamore Ave, Los Angeles, CA 90016 and is currently priced at $1,100,000, approximately $320 per square foot. This property was built in 1956. 2530 S Sycamore Ave is a home located in Los Angeles County with nearby schools including Cienega Elementary School, Johnnie L. Cochran Jr. Middle School, and Susan Miller Dorsey Senior High School.

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Davis Saadian
Listing Agent
Davis Saadian
Section Image
Keller Williams Hollywood Hills
(310) 402-8958