12001 Sylvester Street
$1,595,000
5
3
2,441
2,441
$653
Listed By Compass
Description
12001 Sylvester presents a prime real estate opportunity in the heart of Mar Vista, located at the corner of Sylvester Street and Inglewood Blvd. This well-positioned property sits at the entrance of a serene cul-de-sac and comprises a triplex featuring two 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit. The 1-bedroom unit offers immediate potential for occupancy as it may be delivered vacant. Each unit is complemented by private outdoor spaces, including patios for the ground-floor units...12001 Sylvester presents a prime real estate opportunity in the heart of Mar Vista, located at the corner of Sylvester Street and Inglewood Blvd. This well-positioned property sits at the entrance of a serene cul-de-sac and comprises a triplex featuring two 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit. The 1-bedroom unit offers immediate potential for occupancy as it may be delivered vacant. 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: With one unit potentially vacant, rent can be adjusted to market rate. The remaining two units are currently rented at approximately 50% below market, and 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. For those looking to expand further, the two adjacent triplexes (12007 and 12013 Sylvester) are also available for sale for $266/SF, enabling a combined 16,500-square-foot lot development. By right, this assemblage could yield 20 units, or up to 28 units with bonus density (buyer to verify with the City of Los Angeles).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.
Listing Agent
Property Details for 12001 Sylvester Street
Zoning
LAR3
Cross StreetsWashington Blvd and Inglewood Blvd
Parcel Number4232004060
Total Units3.0
Living Area2441
Source Living AreaVendor Enhanced
AreaPalms - Mar Vista (C13)
Vacancy Rate0
LISTING UPDATED: 11/29/2024 12:01 AM
Property Details for 12001 Sylvester Street
Status | Active |
---|---|
MLS # | 24-465037 |
Days on Market | 32 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1954 |
Lot Size | 0.12 AC / 5,278 SF |
County | Los Angeles County |
Building Information for 12001 Sylvester Street
Stories1Residences-Year Built1954Building Size-Lot Size0.12 AC / 5,278 SF
Property Information for 12001 Sylvester Street
Property History for 12001 Sylvester Street
Date | Event & Source | Price | Appreciation |
---|
Date | Event & Source | Price |
---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 12001 Sylvester Street
Taxable ValueLand$48,757Additions$61,981Total$110,738
Tax Record2024$1,805 ($150 / month)
Home Facts
Total Finished SqFt2,441 SqFtAbove Grade Finished SqFt2,441 SqFtLot Size5,317 SqFtStyleTriplexYear Built1954ZoningLAR3CountyLOS ANGELESAPN4232-004-060
Schools near 12001 Sylvester Street
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Charter - | 6 to 8 |
Rating | School | Distance |
---|---|---|
Grand View Boulevard Elementary School PublicK to 5 | ||
Marina Del Rey Middle School Public6 to 8 | ||
Venice Senior High School Public9 to 12 | ||
Icef Vista Middle Academy Charter6 to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
Similar Homes
Sorry, we can't find any similar homes at this time. Please check back later.
Similar Sold Homes
Sorry, we can't find any similar sold homes at this time. Please check back later.