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… Read More 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. Read Less
Courtesy of Compass 310-820-0195
Listing Snapshot
Days Online
79
Last Updated
Property Type
Other
Beds
5
Square Ft.
2,441
Lot Size
0.12 Acres
Year Built
1954
MLS Number
24-465037
30 Days Snapshot Of 90066
$2,183k
-7%
(avg) sold price
13
-45%
homes sold
81
-11%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
None
Building
2,441 sq ft, Built in 1954, Levels: Two
Cooling
None
Disclosures
As Is
Garage
3 total garage spaces, Garage - 3 Car
Heating
Wall
Lot
LotAcreage: 0.1212, LotSizeArea: 5,278
Parking
OpenOtherSpacesTotal: 3, TotalParking: 3
Property
NumberOfUnits: 3, Zoning: LAR3
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