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2530 S Sycamore Ave, Los Angeles, CA 90016
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2530 S Sycamore Ave Los Angeles, CA 90016

$1,200,000
  • 7 Beds
  • 5 Baths
  • 3,430 Sq.Ft.
For Sale
$1,200,000 Get Pre-Qualified
Map preview of 2530 S Sycamore Ave, Los Angeles, CA 90016

Property Overview: 2530 S Sycamore Ave Los Angeles, CA has 7 bedrooms, 5 bathrooms, 3,430 living square feet and 5,004 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: We 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 is 100% occupied 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. * 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. Seismic retrofitting has been completely taken care of, built with permits. - Please email for the Executive Summary

Listed by Davis Saadian | BRE #01921748 | Carolwood Estates
Last checked: 13 minutes ago | Last updated: May 18th, 2024 | Source CRMLS | DOM: 49
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Home details

Lot Sq. Ft
5,004
HOA Dues
$0/mo
Year built
1956
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24388229
City
Los Angeles
County
Los Angeles
Time on Site
49 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,331
  • Total Rent: $1,331
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,404
  • Total Rent: $1,404
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,082
  • Total Rent: $1,082
  • Pro Forma/Market Rent: $2,750
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,074
  • Total Rent: $2,074
  • Pro Forma/Market Rent: $2,750
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,126
  • Total Rent: $1,126
  • Pro Forma/Market Rent: $2,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5%
  • Gross Rent Multiplier: 14.25
  • Gross Scheduled Income: --
  • Net Operating Income: $59,950
  • Gross Operating Income: $84,204
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 2530 S Sycamore Ave

Interior Features
Kitchen Information
  • Has Appliances
  • Refrigerator
Interior Features
  • Levels: Two
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 6
  • Has Parking
  • Parking Features: Private, Controlled Entrance
Property Information
  • Total # of Units: 5
  • Parcel Number: 5049009078
  • Year Built Source: Assessor
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: 2530 S. Sycamore Avenue | Los Angeles 90016
View more facts & features

Local Los Angeles Agent

Sale History for 2530 S Sycamore Ave

Last sold for $305,000 on March 26th, 2003

  • May, 2024

  • May 10, 2024

    Date

    Active

    CRMLS: 24388229

    $1,200,000

    Price

  • March, 2003

  • Mar 26, 2003

    Date

    Sold (Public Records)

    Public Records

    $305,000

    Price

  • August, 1997

  • Aug 20, 1997

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 2530 S Sycamore Ave

Assessed Value (2020): $403,900
Year Land Value Improved Value Assessed Value
2020 $211,882 $192,018 $403,900

Home Value Compared to the Market

This property vs the competition

2530 S Sycamore Ave is listed 2.91% lower than the median list price for the city of Los Angeles which has a median list price of $1,236,000. The median price per/sqft for Los Angeles is $775 and this home is listed at $349.85 per/sqft which puts the price per square foot 54.86% lower than the median price per square foot for the city of Los Angeles.

About 2530 S Sycamore Ave

Detailed summary of property

2530 S Sycamore Ave is a multi family located in Los Angeles, CA 90016 and is currently for sale. This multi family property offers 7 bedrooms, 5 bathrooms, roughly 3,430 living square feet, and sits on an approximately 5,004 square foot lot. 2530 S Sycamore Ave was first listed on ArdentRealEstateGroup.com on May 10, 2024. The homeowner is currently asking $1,200,000. The median priced home in Los Angeles is $1,236,000 with a median price per square foot of $775. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 2.91% lower than the median priced home. Local competing homes currently for sale include 5435 Smiley Dr, 5426 Smiley Dr and 1814 S Sycamore Ave. While the average home in Los Angeles, CA is selling in 99 days, 2530 S Sycamore Ave has a days on market of 49 days. There are currently 3982 homes for sale in the Los Angeles real estate market and 2673 of them are single family homes while 1195 of them are condos and 107 are townhomes. For more information on this home for sale at 2530 S Sycamore Ave Los Angeles, CA 90016 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 2530 S Sycamore Ave

Public county record property details
Beds
7
Baths
5
Year built
--
Sq. Ft.
3,430
Lot Size
5,003
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
180
APN
5049-009-078

The source for these homes facts are from public records.

90016 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,098,000
Median List Price/Sq.Ft.
$744
Median Sold Price
$1,150,000
Median Sold Price/Sq.Ft.
$742
Total Inventory
79
Median Sale to List Price %
95.91%
Avg Days on Market
31
Loan Type
Conventional (31.58%), FHA (0%), VA (0%), Cash (10.53%), Other (15.79%)

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Homes for Sale Near 2530 S Sycamore Ave

Nearby Homes for Sale

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Recently Sold Homes Near 2530 S Sycamore Ave

2626 S Orange Dr, Los Angeles, CA 90016
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2616 Alsace Ave
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2408-2410 S Redondo Blvd, Los Angeles, CA 90016
$1,420,000 Last Sold Price
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2323 S Sycamore Ave, Los Angeles, CA 90016
$765,000 Last Sold Price
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6 Baths
1344 Sq.Ft.
2323 S Sycamore Ave
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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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