CA > Los Angeles
Los Angeles, CA 90036,617 N Sycamore AVE
See all 15 photos
Los Angeles, CA 90036,617 N Sycamore AVE
Los Angeles, CA 90036,617 N Sycamore AVE
Los Angeles, CA 90036,617 N Sycamore AVE
Los Angeles, CA 90036,617 N Sycamore AVE
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Brandon Arlington

Brandon Arlington

+1(781) 385-0196
$ 4,650,000
Est. payment /mo
Save
Active

617 N Sycamore AVE Los Angeles, CA 90036

11,744 SqFt

UPDATED:

09/30/2024 06:46 PM

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Square Footage 11,744 sqft

Price per Sqft $395

MLS Listing ID SB24140557

HOA Y/N No

Year Built 1926

Lot Size 0.375 Acres

Acres 0.3747

Property Description

TIC Conversion Partnership Opportunity! Welcome to The Sycamore Bungalow Court, a 10-unit 1920s Spanish Colonial Revival apartment community located in the highly desirable Hancock Park neighborhood adjacent to West Hollywood. Comprising (2) remodeled 2-bed/2-bath and (8) 2-bed/1.5-bath townhouse-style units averaging 1,175 sqft, each unit offers private entrances, interior features characteristic of a single-family house, and is equipped with individual water heaters, in-unit W/D hookups, and separate meters for gas and electric. Sitting on an extra-large 16,320 sqft lot zoned LARD1.5, the property is fully parked with 12 on-site spaces and features central open space, low-maintenance landscaping, and a new irrigation system. All units also showcase new torch down roofs and 125 amp electrical sub-panels. For TIC/condo developers, this property presents a potential exit value of $8,000,000+ by remodeling each house-like unit for individual sale between $775,000 to $825,000. This centrally located trophy asset is being offered at only $395/sqft with 62% rental upside and significant value-add potential via interior/exterior renovations and a TIC conversion. Ask the broker for the Offering Memorandum and a TIC partnership opportunity!

Location

State CA

County Los Angeles

Area C18 - Hancock Park-Wilshire

Zoning LARD1.5

Rooms

Ensuite Laundry Washer Hookup, Gas Dryer Hookup, Inside

Interior

Laundry Location Washer Hookup,Gas Dryer Hookup,Inside

Cooling Central Air

Fireplace No

Laundry Washer Hookup, Gas Dryer Hookup, Inside

Exterior

Pool None

Community Features Curbs, Dog Park

Total Parking Spaces 12

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5525017014

Acceptable Financing Cash, Cash to New Loan, 1031 Exchange

Listing Terms Cash, Cash to New Loan, 1031 Exchange

Special Listing Condition Standard

California Regional MLS (CRMLS)
Listed by Robert Sillman • Lyon Stahl Investment Real Estate, Inc. • bobby@lyonstahl.com