Language and Region
Currency

This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.

Email*

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

Send me a copy

959 characters remaining

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

2530 S Sycamore Ave

5 Unit Block of Flats £927,075 (£185,415/Unit) 5.50% Net Initial Yield Los Angeles, CA 90016

.mosaic-column{display:inline-block!important;height:100%!important;width:auto!important}.mosaic-tile i{display:none!important}.mosaic-tile img{height:100%!important;width:auto!important}

Investment Highlights

Value-add Investment Opportunity located in West Adams
Approximately 35% upside in potential rents

Current 5.50% Cap Rate
Located in an Opportunity Zone - Excellent for Tax Benefits

Executive Summary

The Davis Saadian Group is pleased to offer the opportunity to acquire this five (5) unit multifamily investment opportunity located at 2530 S. Sycamore Avenue, in the City of Los Angeles. This two-story building, single structure, was constructed of wood frame and stucco on a raised foundation built in 1956 with a square footage of 3,430 on a 5,003-square foot lot. The site falls within an Opportunity Zone, excellent for tax benefits, and zoned LAR3, TOC Tier 1. The building has been reinforced and upgraded in compliance with the latest city codes and regulations, and is comprised of a remarkable unit mix, consisting of three (3) 1+1 units, and two (2) 2+1 units. The subject property has one (1) vacant 1+1 unit (Currently being updated and remodeled). The investment boasts spacious floor plans, secured gated entry, five (5) on-site parking spaces, updated copper plumbing, and individually metered for gas and electricity. * The neighboring parcel (2524 S. Sycamore Avenue) is also available for sale, which consists of a SFR, with a lot size for 5,331-SF, zoned LAR3. A rare and incredible development opportunity. Seismic retrofitting has been completely taken care of, built with permits.

PLEASE NOTE THE FOLLOWING:
1) DO NOT DISTURB THE TENANTS.
2) Submit Offer on a CAR Residential-Income Purchase Agreement.
3) Interior Inspection/Books & Records Granted with an Accepted Offer.
4) Submit Proof of Funds & Pre-Qualification Letter with Offer.
5) Seller Selects all Services.
Disclaimer: All information has been secured from sources we believe to be reliable. However, we make no representation or warranties, expressed or implied, as to the accuracy of the information provided, including square footage, lot size, permitted or un-permitted spaces, and/or bedroom/bathroom count. Buyer is advised to independently verify the accuracy of this information through personal inspections and/or with appropriate professionals. Buyer bears all risk for any inaccuracies.

Financial Summary (Actual - 2023)	Annual	Annual Per SF
Gross Rental Income	£69,713	£20.32
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	£69,713	£20.32
Taxes	-	-
Operating Expenses	-	-
Total Expenses	£18,702	£5.45
Net Operating Income	£51,010	£14.87

Financial Summary (Actual - 2023)

Gross Rental Income
Annual	£69,713
Annual Per SF	£20.32

Other Income
Annual	-
Annual Per SF	-

Vacancy Loss
Annual	-
Annual Per SF	-

Effective Gross Income
Annual	£69,713
Annual Per SF	£20.32

Taxes
Annual	-
Annual Per SF	-

Operating Expenses
Annual	-
Annual Per SF	-

Total Expenses
Annual	£18,702
Annual Per SF	£5.45

Net Operating Income
Annual	£51,010
Annual Per SF	£14.87

Property Facts

Price	£927,075	Building Class	C
Price Per Unit	£185,415	Lot Size	0.11 AC
Sale Type	Investment	Building Size	3,430 SF
Net Initial Yield	5.50%	Average Occupancy	80%
Gross Rent Multiplier	13.3	Number of Floors	2
No. Units	5	Year Built/Renovated	1956/2015
Property Type	Residential	Parking Ratio	1.46/1,000 SF
Property Subtype	Apartment	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Apartment Style	Low Rise

Price	£927,075
Price Per Unit	£185,415
Sale Type	Investment
Net Initial Yield	5.50%
Gross Rent Multiplier	13.3
No. Units	5
Property Type	Residential
Property Subtype	Apartment
Apartment Style	Low Rise
Building Class	C
Lot Size	0.11 AC
Building Size	3,430 SF
Average Occupancy	80%
Number of Floors	2
Year Built/Renovated	1956/2015
Parking Ratio	1.46/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.