724 S Sycamore Avenue, Los Angeles, CA 90036 (MLS # SB25146520)
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Investment Opportunity: Multifamily Property in LA's Financial District First Time on the Market in 20 Years! Unlock tremendous potential with this multifamily property situated in the heart of LA's Financial District, just steps away from the future subway station. Currently, rents are about 30% below market, presenting a significant value-add opportunity for investors to boost cash flow and maximize returns. Key Features: Exceptional Value-Add Potential: Take advantage of below-market rents for significant immediate upside. Prime Location: In the vibrant Miracle Mile, with easy access to dining, entertainment, and transit. Diverse Unit Mix: Attract a wide range of tenants with various unit sizes and layouts. Well-Maintained: A solid investment foundation ready for your vision. Don't miss this rare chance to invest in a property with great upside potential in a highly sought-after area. Contact us today to arrange a private showing!
| DAYS ON MARKET | 72 | LAST UPDATED | 7/1/2025 |
|---|---|---|---|
| YEAR BUILT | 1957 | COMMUNITY | C17 - Mid-Wilshire |
| COUNTY | Los Angeles | STATUS | Active |
| PROPERTY TYPE(S) | Residential Income |
| ADDITIONAL DETAILS | |
| AIR | Wall/Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | C17 - Mid-Wilshire |
| CONSTRUCTION | Frame |
| HEAT | Wall Furnace |
| INTERIOR | Built-in Features, Ceiling Fan(s) |
| LOT | 6225 sq ft |
| PARKING | Assigned |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 3+ |
| STYLE | Modern, Traditional |
| UTILITIES | Cable Available, Phone Available, Sewer Connected, Water Connected |
| VIEW DESCRIPTION | None |
| WATER | Public |
TOTAL MONTHLY PAYMENT
| SATELLITE VIEW |
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This IDX solution is (c) Diverse Solutions 2025.