3.08% CAP
no data
Multi-family
Property Type
$134,986
Net Operating Income (NOI)
9 unit(s)
Total Units
3.08%
CAP RATE
9
Leasable Doors
No price data
Price per unit
Development Potential or Purchase Individually 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.
12007 and 12013 Sylvester – Have the same unit mix as 12001 Sylvester and are 100% occupied. Each Triplex has units that are complemented by private outdoor spaces, including patios for the ground-floor units and a balcony for the second-story unit. The properties also includes separate one-car garages, with additional parking available in front of each garage.
Value-Add Opportunities – Rental Upside: When the units become vacant, rents can be adjusted to market rates. The rents 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.
- Prime real estate opportunity in the heart of Mar Vista.
- Conveniently located near Culver City, providing easy access to dining and entertainment on Washington Blvd and the vibrant Mar Vista Farmers Market.
- Development opportunity or available for purchase individually.
