Address
612 N Sycamore Avenue Los Angeles, CA
Price
$ 3,250,000
Property Attributes
  • MLS#21721728
  • TypeIncome
  • CountyLOS ANGELES
  • CityLos Angeles
  • AreaHancock Park
  • Zip90036
  • Style
  • Price$ 3,250,000
  • Bedrooms8
  • Full Bathrooms8
  • Half Bathrooms0
  • Lot Size7,425 SqFt
Listing Provided Courtesy Of:
Janet Neman with Kidder Mathews of California, Inc..
Data Source:
CRMLS
Property Description

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.

Price History
4/21/2021 Listed $3,250,000

General Features

Appliances Dishwasher, Disposal, Microwave, Refrigerator
Heating Wall Furnace
Listing Agent Janet Neman - BRE#01069127
Listing Agent State License 01069127
MLS Area HPK - Hancock Park
Parking Features Assigned
Property Type Residential Income
Special Listing Conditions Standard
Total Units 8
Zoning LARD1.5

Interior Features

Heating Y/N Yes

Exterior Features

Lot Size Acres 0.17
Lot Size Area 7425
Lot Size Square Feet 7425
Lot Size Units Square Feet
Number of Buildings 1

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Income Average in 90036

Price
AVG $2.43M
$3.25M
Visits
AVG 15
14
Year Built
AVG 1931
1957
Walkscore
AVG 90
90
Data Provided by Walkscore ® not using MLS data

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