Property listed by Keller Williams Pacific Estates, Julio Bonilla 562-355-8060
$1,330,000
RARE OPPORTUNITY IN THIS MIRACLE MILE ADJACENT PROPERTY OFFERING 2 VACANT UNITS! Ready to move in 3 Bedroom/2 Baths & 2 Bedroom/1 Bath. Discover this exceptional 4-unit income property at 1623 S. Sycamore Ave, offering a compelling investment proposition with immediate upside. Boasting a total of 7 bedrooms… Read More and 5 baths across 3,140 sqft of living space on a generous 5,627 sqft LARD 1.5 zoned lot, the possibilities are significant. Two units are currently vacant, providing an immediate opportunity for an owner-user to live in one unit while renovating the others, or for an investor to quickly bring units to market rates and maximize rental income. The LARD 1.5 zoning also presents intriguing development potential for savvy investors looking to explore additional density in a high-demand area. Gross operating income was calculated using pro forma rents for the 2 vacant units plus the current rental amount for the rented units. Located moments from worldclass attractions, residents will enjoy easy access to The Grove, The Original Farmers Market and Los Angeles Los Angeles County Museum of Art. This vibrant location offers an unparalleled lifestyle with trendy dining, upscale shopping, and cultural landmarks at your fingertips Read Less
Listing Snapshot
Days Online
19
Last Updated
Property Type
Quadruplex
Lot Size
0.13 Acres
Year Built
1945
MLS Number
DW25221600
30 Days Snapshot Of 90019
$1.28M
+5%
(avg) sold price
15
+36%
homes sold
67
-4%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1945, Building area total: 3,140, Levels: Two, 2 stories, 2 buildings, Architectural style: , Attached, Common walls: TwoCommonWallsOrMore
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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