$1,990,000

1061 S Sycamore Avenue, Los Angeles, CA 90019

7,514

Lot Size

3

# Of Units

Listing Agent
Roderick 'rick' Raymundo - Marcus & Millichap

This quintessential Spanish Colonial Revival property is situated in a prime location, just a short drive from Beverly Grove and Hancock Park. The area boasts beautiful homes, plenty of dining, and is close to The Farmers Market and The Grove. There are two expansive three-bedroom units with plenty of character preserved from the development era, and a separate one-bedroom unit mirroring the same style. Two of the three units have been completely remodeled, and investors may continue to capitalize on the same upgrades that have been implemented in these units.Built in 1929, this property boasts beautifully renovated units along with multiple amenities. Recently remodeled units feature in-unit washer/dryers, crystal chandeliers, recessed LED lighting, central air and heat, Caesarstone countertops, stainless steel appliances, and fully remodeled bathrooms. The spacious three-bedroom units are approximately 1,800 square feet each, while the large one-bedroom unit is approximately 950 square feet. The building's exterior is exceptionally clean with fresh paint and meticulous groundskeeping, and a fully upgraded courtyard area allows tenants a serene setting to relax or socialize.The Miracle Mile neighborhood has been experiencing plenty of new capital investments in the form of renovations and full remodels, only adding to the charm of the area. Miracle Mile is slated to have additional capital coming in via the Wilshire Courtyard, a high-rise office building, and the Mirabel, an Art Deco-inspired tower with 348 apartments and ground-floor retail. It has a been a highly desirable submarket for years, and that is a trend that many investors expect to continue.

Facts & Features

MLS® # 22170563
Price $1,990,000
Bathrooms 0.00
Lot Size 7,514
Year Built 1929
Type Residential Income
Status Active
# Of Units 3

Community Information

Address 1061 S Sycamore Avenue
Area C19 - Beverly Center-Miracle Mile
City Los Angeles
County Los Angeles
State CA
Zip Code 90019

Amenities

Parking Spaces 5
Parking Assigned
Garages Assigned
Is Waterfront No
Has Pool No

Interior

Has Basement No
Fireplace No
# of Stories 2

Additional Information

Date Listed June 21st, 2022
Days on Market 170
Zoning LAR2
Foreclosure No
Short Sale No
RE / Bank Owned No
HOA Fees 0.00

Listing Details

AgentRoderick 'rick' Raymundo
OfficeMarcus & Millichap

Listing Map

Request a Showing

Provide a valid email address.
When would you like to view this property?