Los Angeles, CA 90019 1861 S Sycamore Avenue

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  • MLS# 21705992
  • 03/15/2021
  • Request Tour
  • Request Info
Presented By: Michelle Colbert with Keller Williams Hollywood Hills.
  • Beds • 7
  • Baths • 7
  • Garage • 5
  • Year Built • 1948

Home Details

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.
Presented By: Michelle Colbert with Keller Williams Hollywood Hills.

Interior Features for 1861 S Sycamore Avenue

Other Interior Features

Air Conditioning Y/NNo
Heating Y/NYes

General for 1861 S Sycamore Avenue

Architectural StyleTraditional
CoolingNone
Garage Spaces5
Garage Y/NYes
HeatingWall Furnace
MLS AreaC16 - Mid Los Angeles
Parking FeaturesOn Street
Property TypeResidential Income
Senior Community Y/NNo
Total Units7
ViewNone
ZoningLARD1.5

Exterior for 1861 S Sycamore Avenue

Lot Size Acres0.17
Lot Size Area7651
Lot Size Square Feet7651
Lot Size UnitsSquare Feet
Number of Buildings1
Total Parking5
View Y/NNo

Additional Details

Price History

Stephen Pliaconis

Pliaconis Realty Group
Price $1,650,000
MLS#21705992
List Date 03/15/2021
Property Type Contingent
Phone 310.658.1749
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