OPPORTUNITY FOR DEVELOPMENT in fantastic Mar Vista location! 12000 Sylvester is a three-unit triplex situated on an approximately 5,600 SF corner lot right on the border of Culver City. Property next door (12006 Sylvester – different owner) is also listed for sale. Owners are cooperating and open to development opportunities which involve both properties (combined lot size of 11,095 SF). Zoning is LAR3 – potentially doubling the number of units that could be constructed should these properties be developed together. This prime investment property can also be sold individually. This triplex encompasses: (1) one bed / one bath unit with private patio (downstairs); (1) two bed / one bath unit (upstairs); (1) three bed / one and a half bath unit (downstairs). Generous backyard patio provides outdoor space for all units. Each unit has a separate gas meter, water heater, washer/dryer hookups, 1-car garage, and additional outdoor parking spaces. Property is ideal for 1031 exchange or even as owner user. The location of 12000 Sylvester couldn’t be better! Besides being centrally located for numerous industries and offices, there are countless restaurants, coffee shops, and amenities within walking distance such as Vons, Mar Vista Sunday Farmers Market, Manana Coffee, Samosa House, Lodge Bread, Alibi Room, Menotti’s Coffee Shop, Ginger’s Divine Ice Cream, Hatchet Hall, The Boy & The Bear, Bowlero, and Little Fatty just to name a few!
isidro@alturasrealty.com
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