2524 S Sycamore Ave, Los Angeles, CA, 90016
About This Home
We are proud to present 2524 S. Sycamore Ave, a rare development and value-add opportunity in the heart of West Adams. This 3-bedroom, 1-bathroom single-family residence sits on a 5,331 SF lot zoned LAR3, offering a prime canvas for a multifamily development or a buy-and-hold investment. The home is currently tenant-occupied on a month-to-month basis, generating $3,300 per month in gross rent, giving a new owner immediate income and flexibility. Built in 1923, the single-story residence offers 988 SF of living space with classic wood-frame and stucco construction on a raised foundation. Located within a designated Opportunity Zone, the property offers significant potential tax advantages for investors. West Adams is one of Los Angeles' fastest-growing submarkets, surrounded by major employment and lifestyle drivers including the 1,200-unit Cumulus development, the +/-500,000 SF Ivy Station, Apple, Nike, Amazon Studios, and Sony. With strong leasing momentum, ongoing investment, and excellent access to transit and freeways, this is a strategic position in a neighborhood on the rise. Do not miss this chance to acquire land, income, and upside in one of LA's most dynamic corridors.
Getting Around
Very Walkable
Good Transit
BikeableSchools
Construction
Condition
- Year built: 1923
Type & Style
- Home type: SingleFamily
- Architectural style: A-Frame
- Property subType: Residential,Single Family Residence
Interior
Appliances
- Appliances included: Range/Oven,Refrigerator,Washer,Dryer,Freezer
- Laundry features: In Unit
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
Features
- Flooring: Vinyl Plank,Tile
- Fireplace features: None
Heating & Cooling
- Heating features: Other
- Cooling features: Other
Interior Area
- Total structure area: 988
- Total interior livable area: 988 sqft
Property
Details
- Parcel number: 5049009077
- Zoning: LAR3
- Special condition: Standard
- Other equipment: Other
Features
- Levels: One
- Stories: 1
- Pool features: None
- Spa features: None
- Has view: Yes
- View description: None
Lot
- Lot size: 5,331 sqft
Parking
- Total spaces: 2
- Parking features: Gated
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Earthquake
- Inland Flooding
- Heat Wave
- Wildfire
How This Home’s Risks Compare
FEMA Declared Disasters in Los Angeles County and California
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $4,677 | $56,124 |
| Home Insurance * | $124 | $1,488 |
| Property Taxes | $948 | $11,376 |
| Electricity | $398 | $4,786 |
| Total | $6,147 | $73,764 |
Income You'd Need if You Spent...
California FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-06-19 | Listed for sale | $925,000 |
| 2025-10-16 | Listing removed | $900,000 |
| 2025-03-10 | Listed for sale | $900,000 |
| 2025-03-09 | Listing removed | $995,000 |
| 2024-09-02 | Listed for sale | $995,000 |
| 2024-08-26 | Listing removed | -- |
| 2024-05-10 | Listed for sale | $1,000,000 |
| 2016-02-08 | Listing removed | $2,300 |
| 2016-02-04 | Price change | $2,300 |
| 2016-01-27 | Price change | $2,350 |
| 2016-01-13 | Listed for rent | $2,300 |
| 2005-08-23 | Sold | $350,000 |
| 1999-02-26 | Sold | $93,000 |
| 1998-10-02 | Sold | $95,033 |
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