12013 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… Read More 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 12007 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. Read Less
Property listed by Compass, D. Timothy Byrne 310-820-0195
Listing Snapshot
Days Online
43
Last Updated
Property Type
Other
Beds
5
Square Ft.
2,441
Lot Size
0.13 Acres
Year Built
1954
MLS Number
24468443
30 Days Snapshot Of 90066
$1,375k
-42%
(avg) sold price
1
-96%
home sold
111
+32%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1954, Building area total: 2,441, Levels: Two, Living area: 2441, 2 stories, 1 building
Cooling
None
Garage
3 spaces
Heating
WallFurnace
Income
Gross income: $71,352, Net operating income: $43,303
Lot
0.1263 acres, 5,502 square feet, Size: 5,502
Parking
3 open parking spaces, DoorMulti, Garage
Property
Zoning: LAR3
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. 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.
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