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    1861 S Sycamore Ave

    Los Angeles, CA 90019
    • $1,650,000
    • STATUS: Active Under Contract
    • ON SITE: 62 days
    • MLS #: 21-705992
    Under Contract
    UPDATED: 20 min ago
    $1,650,000
    • 9
      BEDS
    • 0.18
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,883
      SQFT
    • $338
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1948
    County:

    School Ratings & Info

    Description

    An exciting investment for an ideal buyer seeking a value add building. This seven unit gated complex is in the heart of mid-city zoned RD1.5 and located in an opportunity zone. It has a 4.6% cap rate and 14 GRM. This well maintained building has charming courtyards throughout and five units have garage spaces. This multi-family property consist of a mix of (4) spacious one-bedrooms one bath, (2) two bedrooms one bath, and one-studio. Two of the one -bedroom units will be delivered vacant. The units have a mix of updates throughout including remodeled kitchens, flooring, and bathrooms offering plenty of natural light in several of the units. Each unit has separate gas and electrical meters. The building needs soft retrofitting and is reflected in the price. Retrofit plans and permits have been pulled. Buyer to investigate. Please do not disturb tenants.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-05-18T22:42:24.577. 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.
    www.jelmbergteam.com/homes/115132394
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    1861 S Sycamore Ave Los Angeles, CA 90019

    • Price: $1,650,000
    • Status: Active Under Contract
    • Updated: 20 min ago
    • MLS #: 21-705992
    9
    Beds
    0
    Baths
    0
    ½ Baths
    0.18
    Acres
    4,883
    SQFT
    $338
    $/SQFT
    1948
    Built
    Neighborhood:
    Mid Los Angeles
    County:
    Los Angeles
    Area:
    Mid Los Angeles
    Property Description
    An exciting investment for an ideal buyer seeking a value add building. This seven unit gated complex is in the heart of mid-city zoned RD1.5 and located in an opportunity zone. It has a 4.6% cap rate and 14 GRM. This well maintained building has charming courtyards throughout and five units have garage spaces. This multi-family property consist of a mix of (4) spacious one-bedrooms one bath, (2) two bedrooms one bath, and one-studio. Two of the one -bedroom units will be delivered vacant. The units have a mix of updates throughout including remodeled kitchens, flooring, and bathrooms offering plenty of natural light in several of the units. Each unit has separate gas and electrical meters. The building needs soft retrofitting and is reflected in the price. Retrofit plans and permits have been pulled. Buyer to investigate. Please do not disturb tenants.
    Exterior Features

    Lot Size Area 7651 Other Structures None Parking Garage On StreetGarage Is AttachedGarage Is Detached Style Traditional Total Parking 5 View Description None View YN No

    Interior Features

    Baths Total 7.00 Cooling None Equipment None Heating Wall

    Property Features

    Assessed Total Value 158382 Gross Income 116892 Gross Operating Income 77875 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Like Units6 1 Net Operating Income 39017.00 Number Of Buildings 1 Number Of Units 7 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Tenant Pays GasElectricity Total Annual Expense 77875 Type Of Units Apartments Year Built Source Vendor Enhanced Zoning Lard1.5

    Listing provided courtesy of Michelle Colbert DRE#01937337 of Keller Williams Hollywood Hills.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-05-18T22:42:24.577. 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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