Los Angeles, CA 90036 724 S Sycamore Avenue
$2,600,000
29 more
Presented By: George Wang with Harvest Realtors, Inc.; 310-347-1300
- MLS# SB25146520
- 06/30/2025
Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
Beds • 12
Baths • 1
SQFT • 6,042
Home Details
Investment Opportunity: Multifamily Property in LA's Financial District
First Time on the Market in 20 Years!
Unlock tremendous potential with this multifamily property situated in the heart of LA's Financial District, just steps away from the future subway station. Currently, rents are about 30% below market, presenting a significant value-add opportunity for investors to boost cash flow and maximize returns.
Key Features:
Exceptional Value-Add Potential: Take advantage of below-market rents for significant immediate upside.
Prime Location: In the vibrant Miracle Mile, with easy access to dining, entertainment, and transit.
Diverse Unit Mix: Attract a wide range of tenants with various unit sizes and layouts.
Well-Maintained: A solid investment foundation ready for your vision.
Don’t miss this rare chance to invest in a property with great upside potential in a highly sought-after area. Contact us today to arrange a private showing!
Presented By: George Wang with Harvest Realtors, Inc.; 310-347-1300
Interior Features for 724 S Sycamore Avenue
Other Interior Features
Air Conditioning Y/NYes
Basement (Y/N)No
Common WallsTwoCommonWallsOrMore
Fireplace FeaturesNone
Fireplace Y/NNo
FlooringCarpet, Vinyl
Heating Y/NYes
Interior AmenitiesBuiltInFeatures, CeilingFans, AllBedroomsDown
Laundry FeaturesCommonArea
Total Stories3
Other Rooms
Entry Level1
General for 724 S Sycamore Avenue
Additional Parcels Y/NNo
Architectural StyleModern, Traditional
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityLos Angeles
Community FeaturesStormDrains, StreetLights, Suburban, Sidewalks
Construction MaterialsFrame, CopperPlumbing
ContingencyBroker/Agent does not guarantee the accuracy of square footage, lot size or other information concerning the condition or features of property provided by seller or obtained from public records or oth
CoolingWallWindowUnits
CountyLos Angeles
DirectionsNear Wilshire and La Brea
ElectricElectricityOnProperty
Electric Expense7359.0
Entry Location1
Expected Active Date 2025-07-01
Fuel Expense1219.0
Garage Spaces0.0
Garage Y/NNo
Gross Income204720.0
HOANo
HeatingWallFurnace
Home Warranty Y/NNo
Insurance Expense12000.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsThreeOrMore
Listing TermsCashToNewLoan
Lot Size Square Feet6223.0
Lot Size UnitsSquareFeet
MLS AreaC17 - Mid-Wilshire
MobileHomeRemainsYNNo
Net Operating Income138444.0
New ConstructionNo
Number Of Units Total12
Operating Expense66216.0
Pool FeaturesNone
Property Attached Y/NYes
Property Sub Type AdditionalMixedUse
Property SubtypeMixedUse
Property TypeResidentialIncome
Rent Control Y/NYes
RoofAsphalt
Senior Community Y/NNo
SewerPublicSewer
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Tax Lot53
Tenant PaysAllUtilities
Trash Expense2744.0
UtilitiesCableAvailable, PhoneAvailable, SewerConnected, WaterConnected
ViewNone
Water Sewer Expense0.0
Year Built1957
Year Built SourceAssessor
ZoningLAR2
Exterior for 724 S Sycamore Avenue
Building Area Total6042.0
Crops Included Y/NNo
Door FeaturesPanelDoors
FencingNone
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesThirtySixToFortyUnitsAcre
Lot Size Acres0.1429
Lot Size Area6223.0
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters13
Number of Separate Gas Meters13
Number of Separate Water Meters1
Parking FeaturesAssigned
Private PoolNo
Road Frontage TypeCityStreet
SpaNo
Total Parking0.0
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Hal Schlegel
Broker Associate