About 12000 Sylvester St
This exceptional triplex investment opportunity is situated on a corner lot right in a prime Mar Vista location with substantial potential for growth. This well-maintained property features three units: A 2Bd/1Bth unit on the top floor, complete with its own private patio. A spacious 3Bd/ 1.5Bth unit with an extensive backyard. A 1Bd/1Bth unit with its own private patio. Building amenities, including private one-car garages and an outdoor extra parking space for each unit. Additionally, individual gas and electric meters ensure efficient utility management. Highlights include vaulted ceilings and oversized windows to allow sunlight, along with a large shared yard for relaxation, outdoor activities and BBQ. Options may be available to improve the property, build an ADU or re-develop the site zoned R3, with a significant density boost. Nestled in the desirable Mar Vista neighborhood bordering Culver City residents enjoy proximity to renowned dining establishments on Washington Blvd, artisanal coffee shops, and recreational amenities such as Venice beach and Farmers Market on Grandview. Convenient access to Silicon Beach, Marina del Rey, LAX, Culver City, Santa Monica, Century City and further enhances the appeal of this property with its central location.
Features of 12000 Sylvester St
| MLS® # | 24-384134 |
|---|---|
| Price | $1,450,000 |
| Units | 3 |
| Bedrooms | 6 |
| Bathrooms | 4.00 |
| Square Footage | 2,585 |
| Acres | 0.13 |
| Year Built | 1954 |
| Type | Residential Income |
| Sub-Type | Triplex |
| Status | Active |
Community Information
| Address | 12000 Sylvester St |
|---|---|
| Area | Palms - Mar Vista |
| City | LOS ANGELES |
| County | Los Angeles |
| State | CA |
| Zip Code | 90066 |
Amenities
| Features | Balcony |
|---|---|
| Parking Spaces | 6 |
| # of Garages | 3 |
| Garages | Driveway, Garage Is Detached, Garage - 3 Car, Tandem |
| Is Waterfront | No |
| Waterfront | None |
| Has Pool | No |
Interior
| Heating | Wall |
|---|---|
| Cooling | Ceiling Fan |
| Fireplace | No |
| # of Stories | 2 |
| Has Basement | No |
Additional Information
| Date Listed | April 25th, 2024 |
|---|---|
| Days on Market | 14 |
| Zoning | LAR3 |
| Foreclosure | No |
| RE / Bank Owned | No |
| Cap Rate | 5.45 |
| Gross Operating Income | $105,342 |
| Net Operating Income | $79,007 |
Unit 1 Details
| Beds | 1 |
|---|---|
| Baths | 1.00 |
| Rent | $1,035 |
Unit 2 Details
| Beds | 2 |
|---|---|
| Baths | 1.00 |
| Rent | $2,700 |
Unit 3 Details
| Beds | 3 |
|---|---|
| Baths | 2.00 |
| Rent | $1,275 |
Listing Details
| Agent | Michael Flanagan (01836941) |
|---|---|
| Office | Keller Williams Larchmont |