407 N Sycamore Avenue

    Los Angeles (City), CA 90036
    • $4,595,000
    • STATUS: Active
    • ON SITE: 22 days
    • ID#: 19503768
    UPDATED: 76 min ago
    $4,595,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 11,100
      SQFT
    • $414
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1930
    County:

    School Ratings & Info

    Description

    Sycamore Manor, a 1930's architectural gem, is located on arguably the best block in Hancock Park. This asset provides a buyer with the rare opportunity to acquire a one-of-a-kind performing apartment building, with the possibility for three vacant units at the close of escrow and further rent increase potential. Sycamore Manor's penthouse, now vacant, provides a Buyer with the opportunity to occupy as its own residence or a pied-a-terre. Upgrades include three renovated units, electrical, heating system, and air conditioning (some units). Please contact LA1 for detailed rent roll and financials.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-09-18T08:39:24.233. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Legacy 15 Real Estate Brokers. Licensed in the State of California, USA.
    www.legacy15.com/homes/98314817

    407 N Sycamore Avenue Los Angeles (City), CA 90036

    • Price: $4,595,000
    • Status: Active
    • Updated: 76 min ago
    • ID#: 19503768
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    11,100
    SQFT
    $414
    $/SQFT
    1930
    Built
    Neighborhood:
    HPK - Hancock Park
    County:
    Los Angeles
    Area:
    HPK - Hancock Park
    Property Description
    Sycamore Manor, a 1930's architectural gem, is located on arguably the best block in Hancock Park. This asset provides a buyer with the rare opportunity to acquire a one-of-a-kind performing apartment building, with the possibility for three vacant units at the close of escrow and further rent increase potential. Sycamore Manor's penthouse, now vacant, provides a Buyer with the opportunity to occupy as its own residence or a pied-a-terre. Upgrades include three renovated units, electrical, heating system, and air conditioning (some units). Please contact LA1 for detailed rent roll and financials.
    Exterior Features

    Lot Size Units Square Feet Parking Features Assigned Parking YN Yes

    Interior Features

    Cooling See Remarks Cooling YN Yes Laundry Features See Remarks

    Property Features

    Cap Rate 4.21 Gross Multiplier 15.38 Gross Operating Income 298591.00 Improvements Amount 967397 Land Value 1272892 Laundry YN Yes Net Operating Income 193591.00 Special Listing Conditions Standard Total Expenses 105000.00 Zoning Lar3

    Listing provided courtesy of Tyler Convery of Janej Inc


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-09-18T08:39:24.233. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Legacy 15 Real Estate Brokers. Licensed in the State of California, USA.
     
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