2531 S Sycamore Avenue, Los Angeles, California 90016, Los Angeles, 90016 - 2 bed, 1 bath
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Los Angeles, California 90016
This property presents a High-Potential Investment Opportunity with a List Price of $830,000—positioned slightly above the $820,727 Fair Market Value. While the home has a Condition Rating of 4, the rare C2 Commercial Zoning on a 5,704 sqft lot provides significant upside for future redevelopment. The inclusion of a Seller-Owned Solar System adds immediate utility value. This asset is ideal for Buy-and-Hold Investors or Developers looking to capitalize on the strategic Mid-City location and long-term land-use flexibility.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2531 S Sycamore Avenue Subject | $830,000* List Price | 2 | 1 | 756 | $1,086 | - |
A 2754 S Cloverdale Avenue Active Under Contract | $849,000 List Price | 3 | 2 | 820 | $1,035 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1921, this century-old property is well-maintained externally with recent solar and home improvements mentioned. However, as a probate sale with a focus on C2 zoning and redevelopment potential, the interior kitchen, baths, and systems are likely dated (>20 years) and require modernization to meet current market standards.
The property features rare C2 commercial zoning on a generous 6,046 sqft lot, offering significant upside for future commercial or multi-unit redevelopment in a high-demand area.
Ideally situated in the desirable Mid City area, providing residents with easy access to Culver City, Downtown Los Angeles, and major public transportation hubs.
The home includes a seller-owned solar system with the intent to satisfy existing financing through escrow, offering the buyer immediate energy savings and modern upgrades.
With only 756 square feet of living space, the home's interior footprint is quite small, which may limit its appeal to families or those seeking more spacious accommodations.
As a probate sale, the transaction may involve additional legal oversight and potentially longer closing timelines compared to a standard residential sale.
Probate sale, Charming 2 bedroom, 1 bath home in the desirable Mid City area of Los Angeles. Situated on a 5,704 square foot lot with commercial C2 zoning, this property offers comfortable living today with excellent future redevelopment potential. Conveniently located near shopping, restaurants, public transportation, Culver City, and Downtown Los Angeles. Buyer to verify all zoning, permitted uses, and development opportunities. Seller-owned solar system is subject to an existing financing agreement that includes solar and other home improvements. Seller intends to satisfy the obligation through escrow unless otherwise agreed. Contact listing agent for details.
No exterior & parking available.
Grades K-5 • 0.1 mi
Grades K-5 • 0.6 mi
Grades K-5 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 756 | 1,672 |
| Lot Size | 6,046 | 6,067 |
| Price | $830.0K | $1.37M |
| Price per sq ft | $1.1K | $801 |
| Built year | 1921 | 1939 |
| HOA | $0 | $348 |
| Days on market | 8 | 56 |
Jul 14, 2026
$830,000
Initial Listing