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12007 Sylvester St
Los Angeles CA 90066 US

$1,395,000

Active Listing ID 24-468485
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5 bed
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Lot: 0.13 Acres
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Other

$1,395,000

Active Listing ID 24-468485
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12007 Sylvester St 12007 Sylvester presents a prime real estate opportunity in the heart of Mar Vista, located two building in from the corner of Sylvester Street and Inglewood Blvd. This triplex located on a cul-de-sac features two 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit. 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: The property is 100% occupied when a unit vacates rent can be adjusted to market rate. currently the rents at approximately 50% below market. With 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 (12001 and 12013Sylvester) 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.

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Property Features

  • Facts
  • Lot Size: 0.13 Acres
  • Property Type: Residential Multi Family
  • Property Sub-type: Other

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Other
  • listprice: 1395000
  • unparsedaddress: 12007 Sylvester St
  • postalcity: Los Angeles
  • stateorprovince: CA
  • country: US
  • postalcode: 90066
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.1263
  • lotsizeunits: Acres
  • lotsizearea: 0.1263
  • livingarea: 2441
  • livingareaunits: Square Feet
  • latitude: 33.999125
  • longitude: -118.42378
  • listagentfullname: D. Timothy Byrne
  • listagentemail: tim.byrne@compass.com
  • listagentkey: 3yd-CLAWCA-X53195
  • listagentmlsid: X53195
  • listagentpreferredphone: 3108200195
  • listagentofficephone: 3108200195
  • listofficekey: 3yd-CLAWCA-X7710801
  • listofficemlsid: X7710801
  • disclaimer: Copyright © 2024 TheMLSCLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: CLAWCA
  • yearbuilt: 1954
  • listingcontractdate: 2024-12-02
  • listagenturl: http://www.compass.com
  • countyorparish: Los Angeles
  • parcelnumber: 4232-004-059
  • numberofunitstotal: 3
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 2
  • parkingtotal: 3
  • parkingfeatures: Garage
  • waterfrontyn: False
  • architecturalstyle: Other
  • rooms: Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -118.42378, 33.999126
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Compass", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"tim.byrne@compass.com", "ListBrokerageCity":null, "ListBrokerageCountry":"US", "ListBrokerageEmail":"hayley.gibson@compass.com", "ListBrokerageLogoUrl":"http://brokerlogos.listhub.net/CLAWCA/ec33f3c01d6e11dfb59500219b994c72/20181220005425355.png", "ListBrokerageName":"Compass", "ListBrokeragePhone":null, "ListBrokeragePostalCode":null, "ListBrokerageStateOrProvince":null, "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":null, "ListBrokerageWebsiteUrl":"http://www.compass.com", "ListOfficeAddress1":"11601 Wilshire Blvd., ", "ListOfficeAddress2":"Suite 101", "ListOfficeBrokerMlsId":"X71023", "ListOfficeCity":"Los Angeles", "ListOfficeCountry":"US", "ListOfficeEmail":"hayley.gibson@compass.com", "ListOfficePostalCode":null, "ListOfficeStateOrProvince":null, "ListPriceCurrencyType":"USD", "ListingTitle":"Residential Income - Los Angeles, CA", "ListingURL":"https://listings.listhub.net/pages/CLAWCA/24-468485/?channel=rexren", "MLSModificationTimestamp":"2024-12-02T15:50:21Z", "Neighborhoods":[], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 12/3/2024 6:03:11 PM GMT
Source Updated Date: 12/18/2024 6:51:39 AM GMT

Courtesy of: D. Timothy Byrne, Compass, tim.byrne@compass.com

Copyright © 2024 TheMLSCLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.