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2530 S Sycamore Ave, Los Angeles, CA 90016

List Price: $1,100,000On Market FlagOn market
Mar 10, 20253,430 sqft7 beds5 baths
Listed by: Davis Saadian
License #: 01921748
Phone #: 310-402-8958
Keller Williams Hollywood Hills
Source:
CRMLS Logo
MLS #: 25509165

Property Description

We are 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 has one (1) vacant 1+1 unit (Unit #3 - Market rent is $2,150/month) 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. Seismic retrofitting has been permitted and completely taken care of by the current owner. The investment is currently priced at a 6.5% Cap Rate & 11.8x GRM. Excellent cash-flow investment opportunity. Please email for the Executive Summary/ Financial Analysis. * 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.
Assignment
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Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$14,985

TurboHome Estimated Value

$1,049,500

$306 sqft

High Valuation
$1,101,975
$321/sqft
Normal Valuation
$1,049,500
$306/sqft
Low Valuation
$997,025
$291/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$306/sqft$1,049,500

Neighborhood: Mid City

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Comparative Value

$915K

$1.10M

$1.37M

$1.40M

$1.43M

2046 S Burnside Ave, Los Angeles, CA 90016

Sale Price: $915,000

Selected Comparable

2530 S Sycamore Ave, Los Angeles, CA 90016

List Price: $1,100,000

Subject Property

1714 7th Ave, Los Angeles, CA 90019

Sale Price: $1,105,000

Selected Comparable

1346 Masselin Ave, Los Angeles, CA 90019

Sale Price: $1,370,000

Selected Comparable

1828 S Curson Ave, Los Angeles, CA 90019

Sale Price: $1,400,000

Selected Comparable

1277 S Orange Dr, Los Angeles, CA 90019

Sale Price: $1,425,000

Selected Comparable

Neighborhood Comps

Subject Property

SUBJECT
2530 S Sycamore Ave, Los Angeles, CA 90016

2530 S Sycamore Ave, Los Angeles, CA 90016

List: $1,100,000

Listed: 3/10/2025

Area:3,430 sqft
Price/sqft:$321
Beds:7
Baths:5
Year Built:
Lot Size:5,004

Comparable Properties

COMPARABLE
Choose comps
1714 7th Ave, Los Angeles, CA 90019

1714 7th Ave, Los Angeles, CA 90019

Sale: $1,105,000

3/13/20251.76 mi

Area:3,018 sqft
Price/sqft:$366
Beds:7
Baths:6
Year Built:
Weight:21.5%
1828 S Curson Ave, Los Angeles, CA 90019

1828 S Curson Ave, Los Angeles, CA 90019

Sale: $1,400,000

2/24/20250.81 mi

Area:2,974 sqft
Price/sqft:$471
Beds:6
Baths:5
Year Built:
Weight:20.6%
1277 S Orange Dr, Los Angeles, CA 90019

1277 S Orange Dr, Los Angeles, CA 90019

Sale: $1,425,000

7/25/20251.33 mi

Area:3,202 sqft
Price/sqft:$445
Beds:6
Baths:4
Year Built:
Weight:19.9%
2046 S Burnside Ave, Los Angeles, CA 90016

2046 S Burnside Ave, Los Angeles, CA 90016

Sale: $915,000

8/28/20240.48 mi

Area:3,408 sqft
Price/sqft:$268
Beds:8
Baths:4
Year Built:
Weight:19.1%
1346 Masselin Ave, Los Angeles, CA 90019

1346 Masselin Ave, Los Angeles, CA 90019

Sale: $1,370,000

5/2/20251.21 mi

Area:3,216 sqft
Price/sqft:$426
Beds:6
Baths:4
Year Built:
Weight:19.0%

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