Los Angeles, CA 90016
$925,000
Mark Quesada
Broker / Owner
DRE #02101365
We are proud to present 2524 S. Sycamore Ave, a rare development and value-add opportunity in the heart of West Adams. This 3-bedroom, 1-bathroom single-family residence sits on a 5,331 SF lot zoned LAR3, offering a prime canvas for a multifamily development or a buy-and-hold investment. The home is currently tenant-occupied on a month-to-month basis, generating $3,300 per month in gross rent, giving a new owner immediate income and flexibility. Built in 1923, the single-story residence offers 988 SF of living space with classic wood-frame and stucco construction on a raised foundation. Located within a designated Opportunity Zone, the property offers significant potential tax advantages for investors. West Adams is one of Los Angeles' fastest-growing submarkets, surrounded by major employment and lifestyle drivers including the 1,200-unit Cumulus development, the +/-500,000 SF Ivy Station, Apple, Nike, Amazon Studios, and Sony. With strong leasing momentum, ongoing investment, and excellent access to transit and freeways, this is a strategic position in a neighborhood on the rise. Do not miss this chance to acquire land, income, and upside in one of LA's most dynamic corridors.
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$6,827/mo
Estimate only. Not a loan offer, pre-approval, or commitment to lend. Taxes, insurance, and HOA are estimates that may differ from actual figures. Contact a licensed lender for a personalized quote.
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Interior
Construction
Lot & parking
Listed by Davis Saadian, Keller Williams Hollywood Hills
MLS# 26849689 · Active
$950,000
Median sale price
37 days
Avg days on market
100.1% of list
Sells for
Closed sales in 90016 over the last 6 months, all home types.
History reflects records reported to the MLS and may be incomplete.
Actual closed sales from the MLS — not estimates.
