724 S Sycamore AVE Los Angeles, CA 90036
UPDATED:
Key Details
Property Type Single Family Home, Multi-Family
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB25146520
HOA Y/N No
Year Built 1957
Lot Size 6,224 Sqft
Property Sub-Type Mixed Use
Property Description
First Time on the Market in 20 Years!
Unlock tremendous potential with this multifamily property situated in the heart of LA's Financial District, just steps away from the future subway station. Currently, rents are about 30% below market, presenting a significant value-add opportunity for investors to boost cash flow and maximize returns.
Key Features:
Exceptional Value-Add Potential: Take advantage of below-market rents for significant immediate upside.
Prime Location: In the vibrant Miracle Mile, with easy access to dining, entertainment, and transit.
Diverse Unit Mix: Attract a wide range of tenants with various unit sizes and layouts.
Well-Maintained: A solid investment foundation ready for your vision.
Don't miss this rare chance to invest in a property with great upside potential in a highly sought-after area. Contact us today to arrange a private showing!
Location
State CA
County Los Angeles
Area C17 - Mid-Wilshire
Zoning LAR2
Interior
Interior Features Built-in Features, Ceiling Fan(s), All Bedrooms Down
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Carpet, Vinyl
Fireplaces Type None
Fireplace No
Laundry Common Area
Exterior
Parking Features Assigned
Fence None
Pool None
Community Features Storm Drain(s), Street Lights, Suburban, Sidewalks
Utilities Available Cable Available, Phone Available, Sewer Connected, Water Connected
View Y/N No
View None
Roof Type Asphalt
Private Pool No
Building
Lot Description 36-40 Units/Acre
Story 3
Entry Level Three Or More
Sewer Public Sewer
Water Public
Architectural Style Modern, Traditional
Level or Stories Three Or More
New Construction No
Others
Senior Community No
Tax ID 5507025008
Energy Description 1219.0
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Special Listing Condition Standard
Lease Land No
