34.082306 -118.34243

612 N Sycamore Ave Los Angeles, CA 90036

303670022 34.082306 -118.34243 213 /listing/303670022-150286613/612-n-sycamore-ave-los-angeles-ca-90036 False 0 3195000.0 7215 105 12 9 21-786110 False
  • $3,195,000
  • 12 bd
  • 9 ba
  • 7,215 sqft
  • 7,425 lot
  • Est payment $17151.45/mo

Property & Neighborhood Info

Courtesy Of Kidder Mathews of California, Inc.

Multi-Family in Los Angeles

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. 5 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. There are a total of 8 on-site parking spaces, with 4 garage spaces and 4 tandem spaces. Two of the renovated units feature 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.

Courtesy Of Kidder Mathews of California, Inc.
  1. 12 Beds
  2. 9 Baths
  3. 7,215 Sq. Ft.
  4. 7,425 Lot

Main Features

  • Listing Status: Active
  • Year Built: 1957
  • County: Los Angeles
  • Units: 8
  • Zoning: LARD1.5
  • MLS Number:21-786110

Additional Features

  • Cooling:
    • Wall Unit(s)
  • Disclosures:
    • Rent Control
  • Unit 1 Furnished:
    • No
  • Unit 2 Furnished:
    • No
  • Unit 3 Furnished:
    • No
  • Other Structures:
    • None
  • Parking:
    • Assigned
  • Parking Spaces:
    • 8
  • Heating:
    • Wall
  • Number of Buildings:
    • 1
  • Board:
    • The Combined Los Angeles/Westside MLS
  • Gross Income:
    • 215819
  • Net Operating Income:
    • 145166.00
  • Owner Pays:
    • Water
  • Rent Control:
    • Yes
  • Special Conditions:
    • Standard
  • Tenant Pays:
    • Electricity
    • Gas
  • Cap Rate:
    • 4.54
  • Expenses:
    • 64179
  • Gross Operating Income:
    • 209345
  • Listing Agent License Number:
    • 01069127
  • Lot Size Area:
    • 7425
  • LP Per SQFT:
    • 442.83
  • Other Equipment:
    • Dishwasher
    • Garbage Disposal
    • Microwave
    • Range/Oven
    • Refrigerator
  • Total Acres:
    • 0.1705
  • Unit 1 Bathrooms:
    • 1.00
  • Unit 1 Bedrooms:
    • 1
  • Unit 1 Rent:
    • 9121.00
  • Unit 1 Total Units:
    • 5
  • Unit 2 Bathrooms:
    • 1.00
  • Unit 2 Bedrooms:
    • 2
  • Unit 2 Rent:
    • 4062.00
  • Unit 2 Total Units:
    • 2
  • Unit 3 Bathrooms:
    • 2.00
  • Unit 3 Bedrooms:
    • 3
  • Unit 3 Rent:
    • 0.00
  • Unit 3 Total Units:
    • 1
Neighborhood info courtesy of Homes.com © 2021

What's My Mortgage?

$38,769.95*
*Estimated monthly payment is a starting point to help assist you with your home search. To find out more about mortgage pre-qualification, click here.
Robert Leighton
Robert Leighton
Broker
9200 Sunset Blvd. Suite 200 9200 Sunset Blvd. Ste 200 Los Angeles CA 90069
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34.082306 -118.34243

612 N Sycamore Ave Los Angeles, CA 90036

303670022 34.082306 -118.34243 213 /listing/303670022-150286613/612-n-sycamore-ave-los-angeles-ca-90036 False 0 3195000.0 7215 105 12 9 21-786110 False
  • $3,195,000
  • 12 bd
  • 9 ba
  • 7,215 sqft
  • 7,425 lot
  • Est payment $17151.45/mo