Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Bedrooms

2

Building size

2,602 sqft

Lot size

7,024 sqft

Year built

1923

Stories

1

Heating

Central

Cooling

Central Air

Status

Active

Days on market

77

MLS #

244920200

About this property

Rare duplex opportunity situated on an expansive 7,000+ square-foot corner lot in a highly desirable central Los Angeles location, just south of Wilshire Boulevard and one block east of La Brea Avenue. Offering more than 2,600 square feet of combined living space, the property features a vacant two-bedroom, two-bathroom residence and an occupied one-bedroom, one-bathroom unit, ideal for an owner-user or investor. The spacious vacant unit is filled with natural light and features hardwood flooring throughout, generously sized rooms, and an expansive kitchen with abundant cabinetry and workspace. The remodeled bathrooms are beautifully appointed with dark wood vanities and marble stone showers. Outside, the property offers an exceptional amount of private backyard space with attractive tilework, mature greenery surrounding much of the property for added privacy, and a detached two-car garage. The property also offers the potential to replace the existing garage with two ADUs, creating an opportunity for additional living space and income potential. The owner has architectural drawings for the proposed ADU project available for interested buyers to review. Buyer to independently verify feasibility, permitting and development potential. Ideally located near some of Los Angeles' best shopping, dining, and entertainment, the property is also within walking distance of the Metro D Line, providing convenient connectivity throughout the city. A unique opportunity combining space, privacy, income potential, development possibilities, and an outstanding central location.

Location

803 S Sycamore Avenue

Los Angeles, Los Angeles, CA, 90036