$10,000 Closing Credit¹
#PW24169968, Alan Cruz, Listing Office: Equity Smart Real Estate Services
#SB25002856·
Listing Office: Redfin Corporation·
Listing Agent: Jasaan Dabney·
Listing Office Phone: 310-350-3604
$1,299,000 List price
2908 S Sycamore Ave Los Angeles, CA 90016
$10,000
Closing credit¹
0.2 acres
Multi-Family
Property details
About 2908 S Sycamore Ave
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).
Highlights
Home typeQuadruplex
StatusActive
CoolingWall/Window Unit(s)
Lot size0.1653 Acres
Year built1924
MLS #SB25002856
ViewNeighborhood
Summary
- MLS Number: SB25002856
- MLS Name: CRMLS
- Office Name: Redfin Corporation
- Office Phone: (310) 350-3604
- Listing Agent: Jasaan Dabney
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/4/2025, 12:20:56 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$1,299,000
2908 S Sycamore Ave
$10,000
closing credit¹
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Seller rebate
0.5% sale price²
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $390,653 | $5,172 |
| 2023 | $382,994 | $5,083 |
| 2022 | $375,485 | $4,864 |
| 2021 | $368,123 | $4,796 |
| 2020 | $364,350 | $4,662 |
| 2019 | $357,207 | $4,550 |
| 2018 | $350,204 | $3,017 |
| 2017 | $222,535 | $3,017 |
History based on county public records data.
Nearby schools
3
Cienega Elementary School
Public District KG-5
0.3 mi
•2611 S Orange Dr
4
Stella Elementary Charter Academy
Public Charter KG-3
0.4 mi
•2636 S Mansfield Ave
5
Baldwin Hills Elementary School
Public District KG-5
0.6 mi
•5421 Obama Blvd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $42,174. Most Los Angeles, CA residents have annual incomes between $35k-100k. Residents typically live in single, no kids family. Most residents in this area have high school diploma education.
How much money do the neighbors make?
43%
<35k
52%
35k-100k
5%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
40%
Single, No Kids
20%
Single, with Kids
12%
Married, No Kids
28%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
18%
<11 yrs old
11%
12-17 yrs old
28%
18-34 yrs old
36%
35-64 yrs old
7%
65+ yrs old
What do the neighbors do for fun?
Mexican League Soccer
Pro Boxing
Major League Soccer (MLS)
Where do the neighbors shop?
Foot Locker
Ross Dress For Less
H&M
Where do the neighbors go to eat?
Little Caesars
Jack In The Box
Boston Market
What do the neighbors drive?
Dodge
Nissan
Honda
What do the neighbors listen to?
Urban Adult Contemporary
Rhythmic Contemporary Hits
All data provided by Home Junction and Claritas
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This home is located at 2908 S Sycamore Ave in Los Angeles, CA and zip code 90016 in the South LA neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since January 21, 2025 and is currently priced at $1,299,000.
While more than 212 listings in Los Angeles, CA in February 2025 were sold above asking price, there were more than 105 listings sold at asking price, and more than 280 were sold below. The inventory of homes for sale in Los Angeles, CA between January and February 2025 increased by 10.8%. Listings spent 44 days on the market in February 2025, and had a median list price of $989,396 during the same period.
From Rocket Homes Real Estate and based on county public records data.