CA > Los Angeles
Los Angeles, CA 90066,12007 Sylvester ST
Los Angeles, CA 90066,12007 Sylvester ST
Los Angeles, CA 90066,12007 Sylvester ST
Los Angeles, CA 90066,12007 Sylvester ST
Los Angeles, CA 90066,12007 Sylvester ST
Tony English
Tony English

Broker | License ID: 01363194

+1(949) 463-1085

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$ 1,075,000

$ 1,395,000 22.9%

Est. payment | /mo

$ 1,075,000

$ 1,395,000 22.9%

Est. payment | /mo

Key Details

Sold Price $1,075,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 2,441 sqft

Price per Sqft $440

MLS Listing ID 24468485

Sold Date 03/19/25

Bedrooms 5

HOA Y/N No

Year Built 1954

Lot Size 5,501 Sqft

Property Description

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.

Location

State CA

County Los Angeles

Area C13 - Palms - Mar Vista

Zoning LAR3

Interior

Heating Wall Furnace

Cooling None

Fireplace No

Exterior

Parking Features Door-Multi, Garage

Garage Spaces 3.0

Garage Description 3.0

Total Parking Spaces 3

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 4232004059

Special Listing Condition Standard

California Regional MLS (CRMLS)
Listed by D. Timothy Byrne • Compass
Bought with Adam Kanizo • Paloma Realty Partners, Inc.
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+1(949) 463-1085

tonyenglish@me.com

28391 Sheridan Dr, Niguel, California, 92677, United States

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12007 Sylvester ST