12007 Sylvester Street, Los Angeles

$1,395,000

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5

Beds

3

Baths

2,441

Square feet

0.13

Acres

Listing Agent
D. Timothy Byrne - Compass

About 12007 Sylvester Street

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.

Features of 12007 Sylvester Street

MLS® # 24468485
Price $1,395,000
Bedrooms 5
Bathrooms 3.00
Square Footage 2,441
Acres 0.13
Year Built 1954
Type Residential Income
Status Active Under Contract

Community Information

Address 12007 Sylvester Street
Area C13 - Palms - Mar Vista
City Los Angeles
County Los Angeles
Zip Code 90066

Amenities

Parking Spaces 3
Parking Door-Multi, Garage
# of Garages 3
Garages Door-Multi, Garage
Is Waterfront No
Has Pool No

Interior

Heating Wall Furnace
Cooling None
Has Basement No
Fireplace No
# of Stories 2
Stories Two

Additional Information

Date Listed December 2nd, 2024
Days on Market 75
Zoning LAR3
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

AgentD. Timothy Byrne
OfficeCompass

Listing Map

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