Homes for sale - 12013 Sylvester ST, Los Angeles, CA 90066

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Louis DiGonzini

ldigonzini@thedigonzinigroup.com +1(949) 922-8420

$ 1,395,000

Est. payment | -/mo

5 Beds

3 Baths

2,441 SqFt

Save

$ 1,395,000

Est. payment | -/mo

Save

5 Beds

3 Baths

2,441 SqFt

Key Details

Property Type Multi-Family

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 2,441 sqft

Price per Sqft $571

MLS Listing ID 24468443

Bedrooms 5

HOA Y/N No

Year Built 1954

Lot Size 5,501 Sqft

Property Description

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 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.

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

Building

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 4232004058

Special Listing Condition Standard

Listed by D. Timothy Byrne • Compass

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(949) 922-8420

ldigonzini@thedigonzinigroup.com

260 Bakerstreet East Suite #200, Costa Mesa, California, 92626, USA

12013 Sylvester ST Los Angeles, CA 90066