3 months on rocket

2524 S Sycamore Ave, Los Angeles, CA, 90016

$995,000

Home List Price

$10,000*

Closing Credit

3 Bedrooms
1 Full Bath
988 SqFt
$1,007/SqFt
House

Location

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2524 S Sycamore Ave, Los Angeles$995,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingPrivate
Year Built1923
FireplaceNone
ViewCity Lights
MLS #24434445
Lot Size0.12 Acres
StatusActive

About 2524 S Sycamore Ave

We are pleased to offer the opportunity to acquire this LAR3 development opportunity located at 2524 S. Sycamore Avenue, in the City of Los Angeles. The neighboring parcel (2530 S. Sycamore Ave) is also available for sale, with a combined lot size of 10,335 SF. This single-story building was constructed of wood frame and stucco on a raised foundation built in 1923 with a square footage of 988 on a 5,331-square foot lot. The site falls within an Opportunity Zone, excellent for tax benefits. If you are unfamiliar with the West Adams neighborhood, nearby developments and tenants include the 1,200-unit Cumulus Development, the Apple Campus, Nike, Amazon Studios, Sony, and the +/-500,000 SF Ivy Station development. There continues to be strong development and leasing activity throughout the community with numerous sites in planning or development. If you're seeking a trendy up-and-coming neighborhood with ease of access to transportation, this is it. The property is currently occupied with a month-to-month tenant paying $2,887/month.

Property Details

Property Features

Property Information:

  • Architectural Style: See Remarks
  • Year Built: 1923
  • Stories: 2
  • Living Area: 988 SqFt

Listing Office:

  • Office Name: KW Advisors
  • Office Phone: (310) 482-2200
  • Listing Agent: Davis Saadian

Interior Features

Interior Information:

  • Appliances: Refrigerator, Dryer, Washer
  • Fireplace: None

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Private Pool: No
  • View: City Lights

Parking Information:

  • Parking: Private

Lot Features

Lot Information:

  • Lot Size: 0.12 Acres

Other

Directions Information:

  • Directions: 2524 S. Sycamore Ave | Los Angeles, CA 90016

Price Information

Listing Price Info

Price Summary:

  • List Price: $995,000
  • Price Per SqFt: $1,007/SqFt

Tax Information:

  • Annual Amount: $5,400
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Los Angeles, CA.

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Los Angeles, CA

City

Med. Sold Price

$1.0M

Med. Price/SqFt

$640

Avg. Days On Market

38

# of Sold Homes

1346

2524 S Sycamore Ave vs Los Angeles

110 DAYS ON ROCKET

+72 Days

$995,000

-$26.5K Less

$1,007/SqFt

+$367 More

KEY TAKEAWAY

This property is $26.5K less than the Median Sold Price and $367/SqFt more than other homes in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #24434445

Listing Office:

  • Office Name: KW Advisors
  • Office Phone: (310) 482-2200
  • Listing Agent: Davis Saadian

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/21/2024, 9:21:02 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Aug 23, 2005Home Sold
$350,000
Feb 26, 1999Home Sold
$93,000
Sep 12, 1991Home Sold
$130,000

Tax History

YEARPROP. TAXASSESSMENT
2021$5,400$441,868
2020$5,240$437,338
2019$5,206$428,763
2018$5,096$420,357
2017$5,096$412,116

History based on county public records data.

Payment Calculator

$5,034

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,050

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-792532
3
/10

  • Cienega Elementary School

  • 2611 S Orange Dr

  • 0.09 miles

  • Public District Grades KG-5

school-card-donut-792533
4
/10

  • Stella Elementary Charter Academy

  • 2636 S Mansfield Ave

  • 0.13 miles

  • Public Charter Grades KG-3

school-card-donut-792534
7
/10

  • Marvin Avenue Elementary

  • 2411 S Marvin Ave

  • 0.63 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $44,600. Most Los Angeles, CA residents have annual incomes between $35k-100k. The majority of families are married, with kids. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 2524 S Sycamore Ave

What is the listing price of this property?

The listing price of 2524 S Sycamore Ave property is $995,000.

What type of property is this?

The property 2524 S Sycamore Ave is a house located in Los Angeles, California, 90016.

Is this property for sale now?

Active Listing: 2524 S Sycamore Ave is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $5,400 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on August 23, 2005 for $350,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 2524 S Sycamore Ave has 3 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 2524 S Sycamore Ave is 988 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 2524 S Sycamore Ave is 1923.

Rocket Homes›California›Los Angeles County›Los Angeles›90016›2524 S Sycamore Ave

This home is located at 2524 S Sycamore Ave in Los Angeles, CA and zip code 90016 in the South LA neighborhood. This 988 square foot home, which was built in 1923, sits on a 0.12 acre lot. Features: 3 bedrooms, 1 bathroom. It has been listed on Rocket Homes since September 02, 2024 and is currently priced at $995,000.

While more than 512 listings in Los Angeles, CA in November 2024 were sold above asking price, there were more than 177 listings sold at asking price, and more than 657 were sold below. The inventory of homes for sale in Los Angeles, CA between October 2024 and November 2024 decreased by 0.6%. Listings spent 38 days on the market in November 2024, and had a median list price of $1,021,532 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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