12001 Sylvester Street
Los Angeles, CA 90066
- – beds
- – baths
- – sqft
- 5,278 sqft lot
- 1954 build
- – on site
12001 Sylvester presents a prime real estate opportunity in the heart of Mar Vista, located at the corner of Sylvester Street and Inglewood Blvd. This well-positioned property sits at the entrance of a serene cul-de-sac and comprises a triplex featuring two 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit. The 1-bedroom unit offers immediate potential for occupancy as it may be delivered vacant. Each unit is complemented by private outdoor spaces, including patios for the ground-floor units and a balcony for the second-story unit. The property also includes separate one-car garages, with additional parking available in front of each garage. Value-Add Opportunities: Rental Upside: With one unit potentially vacant, rent can be adjusted to market rate. The remaining two units are currently rented at approximately 50% below market, and the ability to add an ADU unit, presents a strong income growth opportunity. Owner-Occupancy Potential: Ideal for buyers looking to occupy one unit while benefiting from rental income from the others. Development Possibilities: Zoned LARD3, the property offers multiple paths for redevelopment. For those looking to expand further, the two adjacent triplexes (12007 and 12013 Sylvester) are also available for sale for $266/SF, enabling a combined 16,500-square-foot lot development. By right, this assemblage could yield 20 units, or up to 28 units with bonus density (buyer to verify with the City of Los Angeles).Conveniently located near Culver City, this property offers easy access to dining and entertainment on Washington Blvd and the vibrant Mar Vista Farmers Market on Grandview. Don't miss the chance to invest in one of West LA's most desirable neighborhoods.
Last checked:
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Last updated Nov 22, 2024
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MLS# 24465037 —
This property is listed in more than one place. See it here.
The Building
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Year Built:1954
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New Construction:No
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Building Area Total:2441.00
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# of Buildings:1
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Total Number Of Units:3
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Stories Total:1
Interior
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Levels:Two
Location
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Directions:North of Washington Blvd - West of Inglewood Blvd
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Latitude:33.99922800
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Longitude:-118.42364600
The Property
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Property Type:Residential Income
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Zoning:LAR3
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Lot Size Area:5278.0000
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Lot Size Acres:0.1212
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Lot Size SqFt:5278.00
Listing Agent
- Contact info:
- No listing contact info available
The Listing
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Special Listing Conditions:Standard
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Parcel Number:4232004060
Heating & Cooling
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Heating:1
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Heating:Wall Furnace
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Cooling:No
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Cooling:None
Appliances
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Included:Yes
The Community
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Senior Community:No
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Association:No
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Assessments:No
Parking
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Parking:Yes
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Parking:Garage - Three Door
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Parking Spaces:3.00
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Garage Spaces:3.00
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Uncovered Spaces:3.00
Max Internet Speed
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Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
11/21/24
Nov 21, 2024
|
Listed / Active | CRMLS_CA | $1,595,000 |
