12000 Sylvester Street

Los Angeles, CA 90066

$1,450,000
Price
6
Beds
4
Baths
2,585 Sq. Ft.
$561 / Sq. Ft.
2,585
Sq. Ft.
$561
per Sq. Ft.

Description

This exceptional triplex investment opportunity is situated on a corner lot right in a prime Mar Vista location with substantial potential for growth. This well-maintained property features three units: A 2Bd/1Bth unit on the top floor, complete with its own private patio. A spacious 3Bd/ 1.5Bth unit with an extensive backyard. A 1Bd/1Bth unit with its own private patio. Building amenities, including private one-car garages and an outdoor extra parking space for each unit. Additionally, individual...This exceptional triplex investment opportunity is situated on a corner lot right in a prime Mar Vista location with substantial potential for growth. This well-maintained property features three units: A 2Bd/1Bth unit on the top floor, complete with its own private patio. A spacious 3Bd/ 1.5Bth unit with an extensive backyard. A 1Bd/1Bth unit with its own private patio. Building amenities, including private one-car garages and an outdoor extra parking space for each unit. Additionally, individual gas and electric meters ensure efficient utility management. Highlights include vaulted ceilings and oversized windows to allow sunlight, along with a large shared yard for relaxation, outdoor activities and BBQ. Options may be available to improve the property, build an ADU or re-develop the site zoned R3, with a significant density boost. Nestled in the desirable Mar Vista neighborhood bordering Culver City residents enjoy proximity to renowned dining establishments on Washington Blvd, artisanal coffee shops, and recreational amenities such as Venice beach and Farmers Market on Grandview. Convenient access to Silicon Beach, Marina del Rey, LAX, Culver City, Santa Monica, Century City and further enhances the appeal of this property with its central location.
  1. Listed by Michael Flanagan • DRE #01836941 • Brokerage DRE #01458187 • Keller Williams Larchmont
  2. Listed by Peter F Gragnani • DRE #01335700 • Brokerage DRE #01335700 • Gragnani Real Estate

Property Details for 12000 Sylvester Street

Water Front
None
Zoning
LAR3
Parcel Number
4232004043
Total Units
3.0
Living Area
2585
Source Living Area
Vendor Enhanced
Area
Palms - Mar Vista (C13)
Vacancy Rate
0

Location

Listing Courtesy of Keller Williams Larchmont, Michael Flanagan, DRE #01836941; Gragnani Real Estate, Peter F Gragnani, DRE #01335700
Add your commute
LISTING UPDATED: 05/03/2024 12:01 AM

Property Details for 12000 Sylvester Street

StatusActive
MLS #24-384134
Days on Market11
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1954
Lot Size0.13 AC / 5,593 SF
CountyLos Angeles County

Location

Listing Courtesy of Keller Williams Larchmont, Michael Flanagan, DRE #01836941; Gragnani Real Estate, Peter F Gragnani, DRE #01335700
Add your commute

Building Information for 12000 Sylvester Street

Stories2Residences-Year Built1954Building Size-Lot Size0.13 AC / 5,593 SF

Payment Calculator

$8,292 per month

30 year fixed, 7.25% Interest

Principal and Interest

$7,913

Property Taxes

$379

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 12000 Sylvester Street

Community / Development
Community / Development
  • Number Of Units: 3
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Residential
  • Direction Faces: North
  • Sewer: In Street
Contract Info
Contract Info
  • Financing: Cash, Submit
  • Disclosures: Rent Control
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $105,342
  • Net Operating Income: $79,007.00
  • Gross Income: $108,600
  • Cap Rate: 5.45%
  • Gross Rent Multiplier: $13.35
  • Owner Pays: Water
  • Total Annual Expense: 2633
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1284
  • Lot Size Square Feet: 5593
Parking Details
Parking Details
  • Parking Garage: Driveway, Garage Is Detached, Garage - 3 Car, Tandem
  • Total Parking: 6
  • Garage Spaces Total: 3
  • Parking Features: Driveway, Garage - Three Door, Tandem Garage
  • Attached Garage: No
Interior Features
Interior Features
  • Levels: Two
  • Cooling Type: Ceiling Fan
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Other
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structural Features: Balcony
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 04-25-2024
  • Tenant Pays: Gas, Electricity
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,035.00
  • Unit Actual Rent: $1,035.00
  • Unit Projected Rent: $2,100.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,700.00
  • Unit Actual Rent: $2,700.00
  • Unit Projected Rent: $3,050.00
  • Like Units: 2
Unit 3 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $1,275.00
  • Unit Actual Rent: $1,275.00
  • Unit Projected Rent: $3,900.00
  • Like Units: 3
Unit Details
  • Unit Type Type: 2106, 2107, 2108
  • Number of Carpet: 1
  • Number of Electric Meters: 3
  • Number of Gas Meters: 3
  • Number Leased: 3
  • Number Patio: 3
  • Number Range: 3
  • Number Rented Garages: 3
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $176,219.00
  • Assessed Improvement Percent: 52.36
  • Assessed Land Value: $160,306.00
  • Assessed Land Percent: 47.64
  • Assessed Total Value: $336,525.00

Property History for 12000 Sylvester Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 12000 Sylvester Street

Taxable ValueLand$160,306Additions$176,219Total$336,525
Tax Record2023$4,552 ($379 / month)
Home Facts
Total Finished SqFt2,585 SqFtAbove Grade Finished SqFt2,585 SqFtLot Size5,596 SqFtStyleTriplexYear Built1954ZoningLAR3CountyLOS ANGELESAPN4232-004-043

Schools near 12000 Sylvester Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - 6 to 8
Rating
School
Distance
Grand View Boulevard Elementary School
PublicK to 5

Marina Del Rey Middle School
Public6 to 8

Venice Senior High School
Public9 to 12

Icef Vista Middle Academy
Charter6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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12000 Sylvester Street is a multi-family home for sale in Los Angeles, CA 90066. This property was listed for sale on April 25, 2024 by Keller Williams Larchmont, it's currently listed at $1,450,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Grand View Boulevard Elementary School, Marina Del Rey Middle School and Venice Senior High School. 12000 Sylvester Street is a 6-bed, 4-bath, 2,585 sqft multi-family home built in 1954.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Larchmont, Michael Flanagan, DRE #01836941; Gragnani Real Estate, Peter F Gragnani, DRE #01335700

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.