12001 Sylvester Street

Los Angeles, CA 90066

$1,595,000

List Price

5

bed Beds

3

shower Baths

2,441 sqft

straighten / sqft

1954

calendar_month Built

Property Description

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.

Listing Information

List Price $1,595,000
Status Active
MLS 24465037
Type Residential Income
Year Built 1954
Lot Size 5,278
Structure Size 2,441
Courtesy Of Compass
Listing Agent D. Timothy Byrne DRE#01186465

Interior Features

Total Bedroom
Bedrooms 5
Total Bathroom
Bathrooms 3
Cooling Type
Cooling Type None

Exterior Information

Maps

Listing information courtesy of: D. Timothy Byrne, Compass 310-801-3442. *Based on information from the Association of REALTORS/Multiple Listing as of Nov 21st, 2024 at 11:07 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.