Property listed by Marcus & Millichap, Sean Rosenzweig 310-909-5500
$1,600,000
We are pleased to offer for sale a four-unit apartment community located at 1500 S Sycamore Avenue. The subject property is located south of Pico Boulevard and west of La Brea Avenue. The subject property is located in a desirable pocket of Mid-City. The building is in close proximity to… Read More an array of shopping, along with a slew of vibrant restaurants, museums, cafes, bars, theaters, grocery stores, gyms, and entertainment choices in Mid-City, Miracle Mile, Mid-Wilshire, West Adams, & Koreatown. This provides residents with convenient access to employment centers, retail and entertainment in the immediate area. Situated on a 6,165 square foot parcel, the property is comprised of one two-bedroom unit and three three-bedroom units. The property has rental upside through unit renovations along with on-site parking for every unit.1500 S Sycamore Avenue offers investors an opportunity to acquire an asset in a sought-after in-fill submarket in Los Angeles. The continued gentrification of the surrounding area along with the value-add potential for a new owner to renovate in order to achieve superior market rents moving forward, makes 1500 S Sycamore Avenue an excellent acquisition opportunity. UNITS 1, 2 & 3 OPERATE AS 2BED/1BATH + DEN. PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT THE LISTING TEAM FOR DETAILS. Read Less
Listing Snapshot
Days Online
16
Last Updated
Property Type
Other
Beds
8
Square Ft.
5,054
Lot Size
0.14 Acres
Year Built
1929
MLS Number
25520123
30 Days Snapshot Of 90019
$1,662k
0%
(avg) sold price
10
-47%
homes sold
55
-44%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1929, Building area total: 5,054, Levels: Two, Living area: 5054, 2 stories, 1 building
Income
Gross income: $132,500, Net operating income: $94,187
Lot
0.1416 acres, 6,166 square feet, Size: 6,166
Parking
4 totals parking, None
Property
Zoning: LARD1.5
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. 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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