2720 S Sycamore Avenue, Los Angeles, California 90016, Los Angeles, 90016 - bed, bath
ACTIVE$1,300,000
2720 S Sycamore Avenue, Los Angeles, California 90016
0Bed
0Bath
2,600Sqft
4,812Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Income-Generating Asset: This property is a fourplex (quadruplex) explicitly marketed as an income property, offering multiple potential revenue streams from four distinct units.
Top Cons:
Age of Property & Potential for Deferred Maintenance: Built in 1932, the property is likely to require significant capital expenditures for updating older systems (e.g., plumbing, electrical, roof) and addressing potential deferred maintenance to maximize its rental appeal and longevity.
Compared to the nearby listings
Price:$1.30M vs avg $1.30M (+$0)50%
Size:2,600 sqft vs avg 2,600 sqft50%
Price/sqft:$500 vs avg $45557%
More Insights
Built in 1932 (93 years old).
Condition: Built in 1932, this property is nearly a century old. The provided images reveal a severely worn exterior with visible signs of ongoing demolition or significant disrepair, including exposed OSB and construction debris. The listing description explicitly notes the need for 'significant capital expenditures for updating older systems (e.g., plumbing, electrical, roof) and addressing potential deferred maintenance.' While there are approved plans for unit conversion, this indicates a future renovation project rather than a currently habitable or well-maintained state. Without interior photos, it's highly probable that the kitchens and bathrooms are severely outdated and in need of complete rehabilitation, aligning with the 'poor' condition criteria of requiring substantial repairs and rehabilitation.
Year Built
1932
Close
-
List price
$1.3M
Original List price
$1.3M
Price/Sqft
$500
HOA
-
Days on market
-
Sold On
-
MLS number
PW25035045
Home ConditionPoor
Features
View-
About this home
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!
Nearby schools
5/10
Cienega Elementary School
Public,•K-5•0.1mi
6/10
Marvin Elementary School
Public,•K-5•0.6mi
6/10
Baldwin Hills Elementary School
Public,•K-5•0.9mi
5/10
Virginia Road Elementary School
Public,•K-5•0.9mi
4/10
Alta Loma Elementary School
Public,•K-5•1.2mi
3/10
Sixth Avenue Elementary School
Public,•K-5•1.8mi
3/10
Arlington Heights Elementary School
Public,•K-5•1.9mi
3/10
Johnnie Cochran, Jr., Middle School
Public,•6-8•1.8mi
2/10
Audubon Middle School
Public,•6-8•2.0mi
3/10
Daniel Webster Middle School
Public,•6-8•4.6mi
2/10
Susan Miller Dorsey Senior High School
Public,•9-12•0.7mi
6/10
Alexander Hamilton Senior High School
Public,•9-12•2.0mi
Price History
Date
Event
Price
02/26/15
Sold
$585,000
Condition Rating
Poor
Built in 1932, this property is nearly a century old. The provided images reveal a severely worn exterior with visible signs of ongoing demolition or significant disrepair, including exposed OSB and construction debris. The listing description explicitly notes the need for 'significant capital expenditures for updating older systems (e.g., plumbing, electrical, roof) and addressing potential deferred maintenance.' While there are approved plans for unit conversion, this indicates a future renovation project rather than a currently habitable or well-maintained state. Without interior photos, it's highly probable that the kitchens and bathrooms are severely outdated and in need of complete rehabilitation, aligning with the 'poor' condition criteria of requiring substantial repairs and rehabilitation.
Pros & Cons
Pros
Income-Generating Asset: This property is a fourplex (quadruplex) explicitly marketed as an income property, offering multiple potential revenue streams from four distinct units.
Prime West Adams Location: Situated in the 'heart of West Adams,' the property boasts excellent connectivity to major employment hubs like Culver City, Santa Monica, and Downtown LA, as well as freeways and the Expo Line Station, ensuring strong rental demand.
Approved Value-Add Opportunity: The property comes with approved plans to convert two 1-bedroom units into 2-bedroom units, presenting a significant opportunity to increase potential rental income and overall property value.
Diverse Unit Mix: The current configuration includes a 3-bedroom/2-bathroom unit and three 1-bedroom/1-bathroom units (one above garage), appealing to a broad range of tenant demographics.
Seller Motivation: The explicit mention of a 'motivated seller' suggests potential for favorable negotiation terms for a prospective buyer.
Cons
Age of Property & Potential for Deferred Maintenance: Built in 1932, the property is likely to require significant capital expenditures for updating older systems (e.g., plumbing, electrical, roof) and addressing potential deferred maintenance to maximize its rental appeal and longevity.
Significant Capital Investment Required for Value-Add: While approved plans for unit conversion are a strength, realizing this potential requires substantial financial investment and active project management from the buyer to execute the renovations.
Lack of Current Income/Occupancy Details: The listing does not provide current rental income figures or occupancy status, which are crucial for evaluating the immediate cash flow and investment viability, necessitating extensive due diligence by the buyer.