2908 S Sycamore Ave, Los Angeles, CA 90016

A rare investment opportunity in one of LA’s most desirable neighborhoods. This 7,201 sq. ft. lot, zoned R3, offers tremendous potential for developers and investors to build a larger multi-unit project or expand the existing footprint (buyer to verify zoning and development guidelines). The property currently includes four 1-bedroom, 1-bathroom units, each with private yard spaces and additional areas that may be repurposed or expanded. Tenants pay for all utilities except water, providing reliable income while planning future improvements. Located in the heart of Mid-City, this property boasts unmatched convenience, close to retail, dining, and cultural hotspots. Its central location also ensures easy access to major freeways, public transit, and LA’s thriving job market. For investors with a vision, the possibilities are abundant: build up, add units, or explore maximizing the lot’s value by converting the rear garages into ADUs for additional income (buyer to verify feasibility).