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12013 Sylvester St Los Angeles, CA 90066
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Key Details
Sold Price $1,305,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,441 sqft
Price per Sqft $534
MLS Listing ID 24-468443
Sold Date 04/02/25
Bedrooms 5
Year Built 1954
Lot Size 5,502 Sqft
Acres 0.1263
Property Sub-Type Multi-Family
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. 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 Palms - Mar Vista
Zoning LAR3
Rooms
Other Rooms None
Interior
Heating Wall
Cooling None
Equipment None
Exterior
Parking Features Garage - 3 Car
Building
Level or Stories Two
Others
Special Listing Condition Standard
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Bought with Keller Williams Studio City