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12013 Sylvester St

Los Angeles, CA 90066
  • $1,395,000
  • STATUS: Active Under Contract
  • ON SITE: 65 Days
  • MLS #: 24-468443
Under Contract
UPDATED: 27 min ago
$1,395,000
  • 5
    BEDS
  • 0.13
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
  • 2,441
    SQFT
  • $571
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1954
County:

School Ratings & Info

Description

12013 Sylvester presents a prime real estate opportunity in the heart of Mar Vista, located two building in from the corner of Sylvester Street and Inglewood Blvd. This triplex located on a cul-de-sac features two 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit. 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: The property is 100% occupied when a unit vacates rent can be adjusted to market rate. currently the rents at approximately 50% below market. With 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 (12001 and 12007 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.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2025-02-06T20:43:06.627. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.searchdesertrealestate.com/homes/158433716
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12013 Sylvester St Los Angeles, CA 90066

  • Price: $1,395,000
  • Status: Active Under Contract
  • On Site: 65 Days
  • Updated: 27 min ago
  • MLS #: 24-468443
5
Beds
3
Baths
0
½ Baths
0.13
Acres
2,441
SQFT
$571
$/SQFT
1954
Built
Neighborhood:
Palms - Mar Vista
County:
Los Angeles
Area:
Palms - Mar Vista
Property Description
12013 Sylvester presents a prime real estate opportunity in the heart of Mar Vista, located two building in from the corner of Sylvester Street and Inglewood Blvd. This triplex located on a cul-de-sac features two 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit. 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: The property is 100% occupied when a unit vacates rent can be adjusted to market rate. currently the rents at approximately 50% below market. With 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 (12001 and 12007 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.
Exterior Features

Cross Streets Washington Blvd and Inglewood Blvd Levels Two Lot Size Area 5502 Other Structures None Parking Garage Garage - 3 Car Total Parking 0

Interior Features

Cooling None Equipment None Heating Wall

Property Features

Disclosures None Gross Income 71352 Gross Operating Income 71352 Like Units1 1 Like Units2 1 Like Units3 1 Net Operating Income 43303.00 Number Of Buildings 1 Number Of Units 3 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 27336 Type Of Units Triplex Year Built Source Vendor Enhanced Zoning LAR3

Listing provided courtesy of D. Timothy Byrne DRE#01186465 of Compass: 310-820-0195.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2025-02-06T20:43:06.627. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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The John Jay Group - Bennion Deville Homes
74996 Highway 111
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