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1320 N Sycamore Ave

Los Angeles, CA 90028
  • $17,995,000
  • STATUS: Active Under Contract
  • ON SITE: 24 days
  • MLS #: 21-758396
Under Contract
UPDATED: 14 min ago
$17,995,000
  • 57
    BEDS
  • 0.37
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 32,664
    SQFT
  • $551
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1987
County:
Area:

School Ratings & Info

Description

For sale are the 39 units at 1320 N Sycamore Avenue in Hollywood, California. Known as The Retreat, 1320 N Sycamore was constructed in 1987 and has been thoroughly updated in recent years to ensure a competitive advantage in the highly desirable Hollywood rental market. Given the buildings completion date, it is not subject to the City of Los Angeles's Rent Stabilization Ordinance. The property consists of one building with three floors of residential units over 2 levels of subterranean parking. Units include (15) 2+2, (3) 2+1, (15) 1+1 and (6) studio floorplans. Interiors have been finished with laminate flooring, modern cabinetry, quartz countertops, white subway tiles, stainless steel appliances and chrome hardware. The building offers central HVAC (studios use wall units) and approximately half of the condenser units have been replaced. Residents enter the building through a secured and recently remodeled lobby with a managers office. There are private balconies in the units as well as shared outdoor spaces with a fire pit, barbecues and abundant seating areas. Each residential floor has its own laundry room and trash chute. Furthermore, the elevator system was completely overhauled with new mechanical components as well as a fresh cab. On the lower parking level there is a large maintenance room with security system monitoring station.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-08-02T18:42:59.36. 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. Properties may or may not be listed by the office/agent presenting the information.
www.desertarealuxuryhomes.com/homes/119113597
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1320 N Sycamore Ave Los Angeles, CA 90028

  • Price: $17,995,000
  • Status: Active Under Contract
  • Updated: 14 min ago
  • MLS #: 21-758396
57
Beds
0
Baths
0
½ Baths
0.37
Acres
32,664
SQFT
$551
$/SQFT
1987
Built
Neighborhood:
Hollywood
County:
Los Angeles
Area:
Hollywood
Property Description
For sale are the 39 units at 1320 N Sycamore Avenue in Hollywood, California. Known as The Retreat, 1320 N Sycamore was constructed in 1987 and has been thoroughly updated in recent years to ensure a competitive advantage in the highly desirable Hollywood rental market. Given the buildings completion date, it is not subject to the City of Los Angeles's Rent Stabilization Ordinance. The property consists of one building with three floors of residential units over 2 levels of subterranean parking. Units include (15) 2+2, (3) 2+1, (15) 1+1 and (6) studio floorplans. Interiors have been finished with laminate flooring, modern cabinetry, quartz countertops, white subway tiles, stainless steel appliances and chrome hardware. The building offers central HVAC (studios use wall units) and approximately half of the condenser units have been replaced. Residents enter the building through a secured and recently remodeled lobby with a managers office. There are private balconies in the units as well as shared outdoor spaces with a fire pit, barbecues and abundant seating areas. Each residential floor has its own laundry room and trash chute. Furthermore, the elevator system was completely overhauled with new mechanical components as well as a fresh cab. On the lower parking level there is a large maintenance room with security system monitoring station.
Exterior Features

Lot Size Area 15993 Other Structures None Parking Garage Subterranean Total Parking 64

Interior Features

Baths Total 54.00 Cooling Central Equipment Other Heating Central

Property Features

Assessed Total Value 16777697 Gross Income 1001160 Gross Operating Income 995815 Like Units1 15 Like Units2 3 Like Units3 15 Like Units4 6 Net Operating Income 585854.00 Number Of Buildings 1 Number Of Units 39 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 409961 Type Of Units Residential Year Built Source Vendor Enhanced Zoning Lard1.5

Listing provided courtesy of Robert Renshaw DRE#01332831 of Remax Commercial & Investment Realty.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-08-02T18:42:59.36. 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. Properties may or may not be listed by the office/agent presenting the information.
 
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