724 S Sycamore Avenue
Los Angeles, CA 90036
Map
- – beds
- – baths
- – sqft
- 6,223 sqft lot
- 1957 build
- – on site
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!
Last checked:
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Last updated Jul 1, 2025
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MLS# SB25146520 —
The Building
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Year Built:1957
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Year Built Source:Assessor
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New Construction:No
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Construction Materials:Frame
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Building Area Total:6042.00
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Building Area Units:Square Feet
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Total Number Of Units:12
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# of Buildings:1
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Architectural Style:Modern, Traditional
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Roof:Asphalt
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Stories Total:3
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Entry Level:1
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Common Walls:2+ Common Walls
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# of Separate Gas Meters:13
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# of Separate Water Meters:1
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# of Separate Electric Meters:13
Interior
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Features:Built-in Features, Ceiling Fan(s), Copper Plumbing Full
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Levels:Three Or More
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Entry Location:1
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Door Features:Panel Doors
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Flooring:Carpet, Vinyl
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Room Type:All Bedrooms Down
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Fireplace:No
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Fireplace:None
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Laundry:Community
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Laundry:1
Location
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Directions:Near Wilshire and La Brea
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Latitude:34.06142000
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Longitude:-118.34284200
The Property
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Property Type:Residential Income
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Subtype:Commercial/Residential
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Zoning:LAR2
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Lot Features:36-40 Units/Acre
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Lot Size Area:6223.0000
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Lot Size Acres:0.1429
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Lot Size SqFt:6223.00
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Lot Size Source:Assessor
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View:None
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Fencing:None
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Fence:No
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Road Frontage:City Street
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Property Attached:1
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Additional Parcels:No
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Land Lease:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Census Tract:2110.00
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Tax Tract:5690
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Tax Lot:53
The Listing
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Special Listing Conditions:Standard
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Parcel Number:5507025008
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Showings Begin:2025-07-01
Heating & Cooling
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Heating:1
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Heating:Wall Furnace
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Cooling:Yes
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Cooling:Wall/Window Unit(s)
Utilities
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Utilities:Cable Available, Phone Available, Sewer Connected, Water Connected
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Sewer:Public Sewer
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Electric:Electricity - On Property
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Water Source:Public
Appliances
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Appliances:None
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Included:No
The Community
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Features:Sidewalks, Storm Drains, Street Lights, Suburban
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Pool:None
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Senior Community:No
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Private Pool:No
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Spa Features:None
Parking
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Parking:Yes
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Parking:Assigned
Extra Units
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Average Studio Area:500
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
7/1/25
Jul 1, 2025
|
Listed / Active | CRMLS_CA | $2,600,000 |
