Address
1861 S Sycamore Avenue Los Angeles, CA
Price
$ 1,650,000
Property Attributes
  • MLS#21705992
  • TypeIncome
  • CountyLOS ANGELES
  • CityLos Angeles
  • AreaMid Los Angeles
  • Zip90019
  • StyleTraditional
  • Price$ 1,650,000
  • Bedrooms8
  • Full Bathrooms7
  • Half Bathrooms0
  • Lot Size7,651 SqFt
Listing Provided Courtesy Of:
Michelle Colbert with Keller Williams Hollywood Hills.
Data Source:
CRMLS
Property Description

An exciting investment for an ideal buyer seeking a value add building. This seven unit gated complex is in the heart of mid-city zoned RD1.5 and located in an opportunity zone. It has a 4.6% cap rate and 14 GRM. This well maintained building has charming courtyards throughout and five units have garage spaces. This multi-family property consist of a mix of (4) spacious one-bedrooms one bath, (2) two bedrooms one bath, and one-studio. Two of the one -bedroom units will be delivered vacant. The units have a mix of updates throughout including remodeled kitchens, flooring, and bathrooms offering plenty of natural light in several of the units. Each unit has separate gas and electrical meters. The building needs soft retrofitting and is reflected in the price. Retrofit plans and permits have been pulled. Buyer to investigate. Please do not disturb tenants.

Price History
3/16/2021 Listed $1,650,000

General Features

Architectural Style Traditional
Cooling None
Garage Spaces 5
Garage Y/N Yes
Heating Wall Furnace
Listing Agent Michelle Colbert - BRE#01937337
Listing Agent State License 01937337
MLS Area C16 - Mid Los Angeles
Parking Features On Street
Property Type Residential Income
Special Listing Conditions Standard
Total Units 7
View None
Zoning LARD1.5

Interior Features

Heating Y/N Yes

Exterior Features

Lot Size Acres 0.17
Lot Size Area 7651
Lot Size Square Feet 7651
Lot Size Units Square Feet
Number of Buildings 1
Total Parking 5

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Income Average in 90019

Price
AVG $1.87M
$1.65M
Visits
AVG 17
33
Year Built
AVG 1933
1948
Walkscore
AVG 85
77
Data Provided by Walkscore ® not using MLS data

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