724 South Sycamore Avenue Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90036
Key Details
Property Type Single Family Home
Sub Type Commercial/Residential
Listing Status Active
Purchase Type For Sale
Square Footage 6,042 sqft
Price per Sqft $430
MLS Listing ID SB-25146520
Style Modern,Traditional
Year Built 1957
Lot Size 6,223 Sqft
Property Sub-Type Commercial/Residential
Property Description
Investment Opportunity: Multifamily Property in LA's Financial District 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 Copper Plumbing Full,Ceiling Fan(s),Built-In Features
Heating Wall Furnace
Flooring Carpet,Vinyl
Fireplaces Type None
Laundry Community
Exterior
Parking Features Assigned
Pool None
Community Features Sidewalks,Storm Drains,Street Lights,Suburban
Utilities Available Sewer Connected,Water Connected,Cable Available,Phone Available
View Y/N No
View None
Building
Lot Description 36-40 Units/Acre
Sewer Public Sewer