$3,250,000

612 N Sycamore Avenue, Los Angeles, CA

0.17

Acres

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.

Facts & Features

MLS® # 21721728
Price $3,250,000
Bathrooms 0.00
Acres 0.17
Year Built 1957
Type Residential Income
Status Active

Community Information

Address 612 N Sycamore Avenue
Area HPK - Hancock Park
City Los Angeles
County Los Angeles
State CA
Zip Code 90036

Amenities

Parking Assigned
Garages Assigned
Is Waterfront No
Has Pool No

Interior

Appliances Dishwasher, Disposal, Microwave, Refrigerator
Heating Wall Furnace
Has Basement No
Fireplace No

Additional Information

Date Listed April 20th, 2021
Days on Market 8
Zoning LARD1.5
Foreclosure No
Short Sale No
RE / Bank Owned No
HOA Fees 0.00

Listing Details

AgentJanet Neman
OfficeKidder Mathews of California, Inc.

Listing Map

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