Investment Opportunity: Multifamily Property in LA's Financial District
First Time on the Market in 20 Years!
Unlock tremendous potential with this multifamily property situated in the heart of LA's Financial District, just steps away from the future subway station. Currently, rents are about 30% below market, presenting a significant value-add opportunity for investors to boost cash flow and maximize returns.
Key Features:
Exceptional Value-Add Potential: Take advantage of below-market rents for significant immediate upside.
Prime Location: In the vibrant Miracle Mile, with easy access to dining, entertainment, and transit.
Diverse Unit Mix: Attract a wide range of tenants with various unit sizes and layouts.
Well-Maintained: A solid investment foundation ready for your vision.
Don’t miss this rare chance to invest in a property with great upside potential in a highly sought-after area. Contact us today to arrange a private showing!
For sale
Listing Provided by:
George Wang DRE #01751924 310-347-1300,
Harvest Realtors, Inc.
$2,600,000
724 S Sycamore Ave, Los Angeles, CA 90036
--beds
12baths
6,042sqft
Est.:
Mixed Use
Built in 1957
-- sqft lot
$2,546,900 Zestimate®
$430/sqft
$-- HOA
What's special
- 43 days
- on Zillow |
- 125 |
- 1 |
Zillow last checked: 7 hours ago
Listing updated: July 01, 2025 at 07:54am
Listing Provided by:
George Wang DRE #01751924 310-347-1300,
Harvest Realtors, Inc.
Source: CRMLS,MLS#: SB25146520
Originating MLS: California Regional MLS

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 12
Rooms
- Room types: Bedroom
Bedroom
- Features: All Bedrooms Down
Heating
- Wall Furnace
Cooling
- Wall/Window Unit(s)
Appliances
- Laundry: Common Area
Features
- Built-in Features, Ceiling Fan(s), All Bedrooms Down
- Flooring: Carpet, Vinyl
- Doors: Panel Doors
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 6,042
- Total interior livable area: 6,042 sqft
Property
Parking
- Parking features: Assigned
Features
- Levels: Three Or More
- Stories: 3
- Entry location: 1
- Pool features: None
- Spa features: None
- Fencing: None
- Has view: Yes
- View description: None
Lot
- Size: 6,223 Square Feet
- Features: 36-40 Units/Acre
Details
- Parcel number: 5507025008
- Zoning: LAR2
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Modern,Traditional
- Property subtype: Mixed Use
- Attached to another structure: Yes
Materials
- Frame, Copper Plumbing
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1957
Utilities & green energy
- Electric: Electricity - On Property
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Phone Available, Sewer Connected, Water Connected
Community & HOA
Community
- Features: Storm Drain(s), Street Lights, Suburban, Sidewalks
Location
- Region: Los Angeles
Financial & listing details
- Price per square foot: $430/sqft
- Date on market: 7/1/2025
- Listing terms: Cash to New Loan
- Tenant pays: All Utilities
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