$1,595,000
5 Bed
3 Bath
2,441
0.12 Acre Lot

12001 Sylvester Street, Los Angeles, California 90066

  • Residential Income Property Type
  • 2,441 Square Footage
  • Garage Cars Garage
  • 1954 Year Built
Property Description

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 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.

Basic Details
Residential Income
For Sale
24465037
$1,595,000
5
3
2,441
1954
0.12 Acre
Active Under Contract
Features
: Wall Furnace
: None
: Garage, Door-Multi
$0
Address Map
CA
Los Angeles
Los Angeles
90066
Sylvester
12001
Street
W119° 34' 34.9''
N33° 59' 57.2''
North of Washington Blvd - West of Inglewood Blvd
C13 - Palms - Mar Vista
LAR3
Additional Information
$0
$0
$0
$0
$0
2441
3.0
: Two
3
2024-11-21
2
1
Broker/Agent Information
Compass
D. Timothy Byrne
Listing Information
CLW-X53195
CLW-X7710801
Active Under Contract
2025-01-14T14:37:08Z
CRMLS
: Standard
2025-01-10T00:00:00Z
Agent info
Ray Millman
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Contact Agent
Contact Us
ray@millmanteam.com 310.375.1069