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1214 S Sycamore Avenue

Los Angeles (City), CA 90019
  • $2,999,950
  • STATUS: Active
  • ON SITE: 9 Days
  • ID#: 22183657
UPDATED: 61 min ago
$2,999,950
  • 0
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1928
County:

School Ratings & Info

Listing Agent(s): Maria Hellmund of The Agency (424-230-3700)


Description

We are pleased to present 1214 S.Sycamore; this beautifully renovated Spanish two-unit income property is located in the highly desirable Hancock Park adjacent Miracle Mile district and is a one-of-a-kind investment opportunity. Both units have been FULLY renovated down to the studs in 2018, including new plumbing, electrical, water heater, central HVAC, drywall, bathrooms, kitchen, windows, refinished oakwood flooring, foundation and paint. Each unit includes; three bedrooms, two bathrooms, a kitchen, breakfast nook, dining room, living room, and laundry room. The upstairs unit includes two beautiful balconies, and the property has a three-car detached garage. These units feature new dishwashers, refrigerators, stoves, and washer/dryers, including garbage disposals and filtered water supply. The Landscaping was designed by renowned landscape architect Jay Griffith and included a magical, spacious backyard and lawn. The floor plan also allows for very easy conversion into a single-family house. Therefore, the new owner could easily occupy one unit while converting the other unit. Both teams are currently leased out, and the property receives $110,00 per year in rental income from the two one-year leases. The current leases expire in February and April of 2023. These units are highly desirable and easy to lease as they are ideal and sought-after for people who work in Beverly Hills, West Hollywood, Hollywood, Culver City, Mid City, and Downtown LA. Living space per unit: 1887 sqft.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-07T22:25:58.48. 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 American Real Estate List & Sell. Licensed in the State of California, USA.
www.americanrealestatehomes.com/homes/131345630
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1214 S Sycamore Avenue Los Angeles (City), CA 90019

  • Price: $2,999,950
  • Status: Active
  • On Site: 9 Days
  • Updated: 61 min ago
  • ID#: 22183657
0
Beds
0
Baths
0
½ Baths
0.16
Acres
1928
Built
Neighborhood:
C19 - Beverly Center-Miracle Mile
County:
Los Angeles
Area:
C19 - Beverly Center-Miracle Mile
Property Description
We are pleased to present 1214 S.Sycamore; this beautifully renovated Spanish two-unit income property is located in the highly desirable Hancock Park adjacent Miracle Mile district and is a one-of-a-kind investment opportunity. Both units have been FULLY renovated down to the studs in 2018, including new plumbing, electrical, water heater, central HVAC, drywall, bathrooms, kitchen, windows, refinished oakwood flooring, foundation and paint. Each unit includes; three bedrooms, two bathrooms, a kitchen, breakfast nook, dining room, living room, and laundry room. The upstairs unit includes two beautiful balconies, and the property has a three-car detached garage. These units feature new dishwashers, refrigerators, stoves, and washer/dryers, including garbage disposals and filtered water supply. The Landscaping was designed by renowned landscape architect Jay Griffith and included a magical, spacious backyard and lawn. The floor plan also allows for very easy conversion into a single-family house. Therefore, the new owner could easily occupy one unit while converting the other unit. Both teams are currently leased out, and the property receives $110,00 per year in rental income from the two one-year leases. The current leases expire in February and April of 2023. These units are highly desirable and easy to lease as they are ideal and sought-after for people who work in Beverly Hills, West Hollywood, Hollywood, Culver City, Mid City, and Downtown LA. Living space per unit: 1887 sqft.
Exterior Features

Parking Features CoveredDoor-MultiDrivewayGaragePrivateRv Potential Parking Total 7

Interior Features

Appliances DishwasherDisposalRefrigeratorWater PurifierDryerWasher Cooling Central Air Cooling YN Yes Flooring Wood Heating Central Heating YN Yes

Property Features

Association Fee 0 Garage YN Yes Gross Income 110000 Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 0 New Construction YN No Senior Community YN No Special Listing Conditions Standard Vacancy Allowance Rate 0 Zoning Lar2



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-07T22:25:58.48. 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 American Real Estate List & Sell. Licensed in the State of California, USA.
 
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American Real Estate List & Sell
6391 Magnolia Ave., B20
Riverside CA, 92505
Listing Agent(s): Maria Hellmund of The Agency (424-230-3700)