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    612 N Sycamore Ave

    Los Angeles, CA 90036
    • $3,250,000
    • STATUS: Active
    • ON SITE: 20 days
    • MLS #: 21-721728
    UPDATED: 103 min ago
    $3,250,000
    • 12
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,215
      SQFT
    • $450
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1957
    County:

    School Ratings & Info

    Description

    8-unit apartment building located near prime Hancock Park, one of the most desirable neighborhoods in Los Angeles. Being only a few steps to Melrose Ave, the Property is surrounded by an array of world-famous amenities and destinations, offering an investor the rare opportunity to own a quality asset in a highly coveted rental market. The Property has undergone significant renovations and offers the opportunity to add value through additional renovations. The Property features extremely spacious units with a strong unit mix of (1) 3+2, (2) 2+1, and (5) 1+1 units. 4 out of the 8 units have been extensively renovated with high-end finishes which include new stainless-steel appliances, quartz countertops, new flooring, new kitchen cabinets and backsplashes, new fixtures, new paint, renovated bathrooms, A/C units, and recessed lighting. Additionally, the spacious 3+2 unit, is vacant and in the process of a full renovation. There are a total of 8 on-site parking spaces, with 4 garage spaces and 4 tandem spaces. One of the renovated units features an in-unit washer and dryer and there is a laundry facility on-site. Through a complete interior renovation program, an investor will have the opportunity to capitalize on the remaining rental upside.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-05-11T23:42:28.607. 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/116313372
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    612 N Sycamore Ave Los Angeles, CA 90036

    • Price: $3,250,000
    • Status: Active
    • Updated: 103 min ago
    • MLS #: 21-721728
    12
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    7,215
    SQFT
    $450
    $/SQFT
    1957
    Built
    Neighborhood:
    Hancock Park-Wilshire
    County:
    Los Angeles
    Area:
    Hancock Park-Wilshire
    Property Description
    8-unit apartment building located near prime Hancock Park, one of the most desirable neighborhoods in Los Angeles. Being only a few steps to Melrose Ave, the Property is surrounded by an array of world-famous amenities and destinations, offering an investor the rare opportunity to own a quality asset in a highly coveted rental market. The Property has undergone significant renovations and offers the opportunity to add value through additional renovations. The Property features extremely spacious units with a strong unit mix of (1) 3+2, (2) 2+1, and (5) 1+1 units. 4 out of the 8 units have been extensively renovated with high-end finishes which include new stainless-steel appliances, quartz countertops, new flooring, new kitchen cabinets and backsplashes, new fixtures, new paint, renovated bathrooms, A/C units, and recessed lighting. Additionally, the spacious 3+2 unit, is vacant and in the process of a full renovation. There are a total of 8 on-site parking spaces, with 4 garage spaces and 4 tandem spaces. One of the renovated units features an in-unit washer and dryer and there is a laundry facility on-site. Through a complete interior renovation program, an investor will have the opportunity to capitalize on the remaining rental upside.
    Exterior Features

    Lot Size Area 7425 Other Structures None Parking Garage Assigned Total Parking 8

    Interior Features

    Baths Total 9.00 Cooling Wall Unit(S) Equipment DishwasherGarbage DisposalRefrigeratorRange/OvenMicrowave Heating Wall

    Property Features

    Assessed Total Value 2489592 Gross Income 209339 Gross Operating Income 203059 Like Units1 5 Like Units2 2 Like Units3 1 Net Operating Income 138455.00 Number Of Buildings 1 Number Of Units 8 Rent Control YN Yes Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 64604 Type Of Units Multifamily Year Built Source Vendor Enhanced Zoning Lard1.5

    Listing provided courtesy of Janet Neman DRE#01069127 of Kidder Mathews Of California, Inc..


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-05-11T23:42:28.607. 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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