2720 S Sycamore Avenue, Los Angeles, California 90016, Los Angeles, 90016 - 0 bed, 0 bath
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Los Angeles, California 90016
This Value-Add Residential Income Asset represents a High-Potential Investment Opportunity in the strategic West Adams neighborhood. Currently listed at $1,300,000, the property holds a Condition Rating of 5, requiring substantial rehabilitation to reach its $1,086,912 Fair Market Value and beyond. The inclusion of Approved Plans to convert existing units into higher-density 2-bedroom layouts offers a definitive path for forced appreciation. With a Motivated Seller and proximity to the Expo Line, this project is perfectly suited for Value-Add Investors or Developers seeking a high-yield multi-family project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2720 S Sycamore Avenue Subject | $1,300,000* List Price | 0 | 0 | 2,600 | $418 | - |
A 2235 Hauser Boulevard Sold | $965,000 | 0 | 0 | 2,459 | $392 | 0.6 mi |
B 3527 Chesapeake Sold | $1,100,000 | 0 | 0 | 2,212 | $497 | 0.7 mi |
C 3020 S Palm Grove Active Under Contract | $1,279,000 List Price | 5 | 4 | 2,714 | $471 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1932, this property is in a state of significant disrepair and requires substantial rehabilitation. Exterior images reveal boarded-up sections of the structure with OSB and unfinished window/wall framing, indicating major deferred maintenance or an abandoned renovation project. The listing's emphasis on 'approved plans' for unit conversion and a 'motivated seller' confirms that the property is a major fixer-upper requiring significant investment in structural and system components.
Situated in the high-demand West Adams neighborhood, the property offers exceptional proximity to Culver City, Santa Monica, Downtown LA, and the Expo Line, ensuring high rental demand.
The inclusion of approved plans to convert 1-bedroom units into 2-bedroom units provides a clear and immediate path to increasing the property's cap rate and overall market value.
With a combination of a large 3-bedroom main unit and a detached unit above the garage, the property appeals to a wide range of tenants, from families to single professionals.
Built in 1932, the property likely requires significant ongoing maintenance and potential upgrades to major systems like plumbing and electrical to meet modern standards.
The local middle and high schools are rated poorly (2/10), which may limit the property's appeal to long-term family tenants and impact future resale value to owner-occupants.
Although plans are approved, the buyer must manage the actual conversion process, which involves navigating construction costs, contractor oversight, and potential vacancy during renovations.
Fourplex, income property located in the heart of West Adams!! Excellent Location, close to schools, freeways, Culver City, Santa Monica, Downtown LA, and Expo Line Station. The main structure consists of 3 br/2ba and two 1 br/1 baths. The additional structure has a 1br/1ba above garage/ storage. APPROVED PLANS to convert bottom units from 1br/1ba TO 2br/1ba. Seller is motivated!
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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 2,600 | 2,529.5 | 50% |
| Lot Size | 4,812 | 5,816.5 | 30% |
| Price | $1.30M | $1.09M | 60% |
| Price per sq ft | $500 | $476 | 60% |
| Built year | 1932 | 1930 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 426 | 238 | 0% |
Feb 20, 2025
$1,300,000
Initial Listing
Feb 26, 2015
$585,000
Public Record