2908 S Sycamore Avenue

Los Angeles, CA 90016

$1,299,000

List Price

N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten / sqft

1924

calendar_month Built

Property Description

A rare investment opportunity in one of LA’s most desirable neighborhoods. This 7,201 sq. ft. lot, zoned R3, offers tremendous potential for developers and investors to build a larger multi-unit project or expand the existing footprint (buyer to verify zoning and development guidelines). The property currently includes four 1-bedroom, 1-bathroom units, each with private yard spaces and additional areas that may be repurposed or expanded. Tenants pay for all utilities except water, providing reliable income while planning future improvements. Located in the heart of Mid-City, this property boasts unmatched convenience, close to retail, dining, and cultural hotspots. Its central location also ensures easy access to major freeways, public transit, and LA’s thriving job market. For investors with a vision, the possibilities are abundant: build up, add units, or explore maximizing the lot’s value by converting the rear garages into ADUs for additional income (buyer to verify feasibility).

Listing Information

List Price $1,299,000
Status Active
MLS SB25002856
HOA $0
Type Residential Income
Subtype Quadruplex
Year Built 1924
Lot Size 7,201
Structure Size N/A
DOM 1
Courtesy Of Redfin Corporation
Listing Agent Jasaan Dabney DRE#01943549

Interior Features

Laundry Information
Location(s) None
Bedroom Information
Features All Bedrooms Down
Total Bedroom
Bedrooms N/A
Total Bathroom
Bathrooms N/A
Flooring Information
Material Laminate, Tile
Fireplace Information
Features None
Additional Information
Additional Features Laminate Counters, All Bedrooms Down
Cooling Type
Cooling Type Wall/Window Unit(s)

Exterior Information

Maps

Listing information courtesy of: Jasaan Dabney, Redfin Corporation 310-350-3604. *Based on information from the Association of REALTORS/Multiple Listing as of Jan 21st, 2025 at 2:36 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.