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    1852 S Sycamore Avenue

    Los Angeles (City), CA 90019
    • $1,450,000
    • STATUS: Closed
    • ON SITE: 160 days
    • ID#: PW20077194
    Sold - 09/23/2020
    $1,450,000
    SOLD - 09/23/2020
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,886
      SQFT
    • $297
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1930
    County:

    School Ratings & Info

    Description

    BACK ON MARKET- Best Price per Square foot on the market for 4 plexes in 90019The Deal fell out of escrow at no fault of the building. Now there may be 2 units delivered free of tenants.... one- 2 bedroom and one- 1 bedroom. THIS DEAL IS CLEAN. PERFECT FOR AN OWNER USER OR FIRST TIME INVESTOR. TAKE ADVANTAGE OF RECORD LOW 30 YEAR FINANCING !!!! 1852 S Sycamore is a charming fourplex located in Mid City LA. The offering provides investors a unique and rare opportunity to acquire an irreplaceable asset with a meaningful rental upside in one of LA+GGs most up and coming communities. 1852 S Sycamore Avenue was built in 1930 and consists of two 2 bedrooms/1-bathroom units and two 1 Bedroom/ 1 Bath apartments. The units are substantial. The average of the 2 bedrooms is 1,380 (+/-) square feet, while the average of the 1 bedroom is 1,063 (+/-) square feet.The building is positioned over a comfortable 6,253 square foot parcel, zoned RD1.5. Garage parking is provided for 4 vehicles in the rear of the property. Gas and electrical utilities are separately metered and paid by residents. Units have their own laundry hookups for tenant convenience and include one-of-a-kind amenities such as lovely custom stained hardwood floors throughout, formal step-up dining rooms, and even French doors in living room, which open to your own patio in select units.

    Sold by Erin Bilgin of Compass.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-09-29T16:32:57.947. 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 First Team Real Estate. Licensed in the State of California, USA.

    www.theashleycooperteam.com/homes/105237120
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    1852 S Sycamore Avenue Los Angeles (City), CA 90019

    • Price: $1,486,000
    • Status: Closed
    • Updated: 56 min ago
    • ID#: PW20077194
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    4,886
    SQFT
    $297
    $/SQFT
    1930
    Built
    Neighborhood:
    C16 - Mid Los Angeles
    County:
    Los Angeles
    Area:
    C16 - Mid Los Angeles
    Property Description
    BACK ON MARKET- Best Price per Square foot on the market for 4 plexes in 90019The Deal fell out of escrow at no fault of the building. Now there may be 2 units delivered free of tenants.... one- 2 bedroom and one- 1 bedroom. THIS DEAL IS CLEAN. PERFECT FOR AN OWNER USER OR FIRST TIME INVESTOR. TAKE ADVANTAGE OF RECORD LOW 30 YEAR FINANCING !!!! 1852 S Sycamore is a charming fourplex located in Mid City LA. The offering provides investors a unique and rare opportunity to acquire an irreplaceable asset with a meaningful rental upside in one of LA+GGs most up and coming communities. 1852 S Sycamore Avenue was built in 1930 and consists of two 2 bedrooms/1-bathroom units and two 1 Bedroom/ 1 Bath apartments. The units are substantial. The average of the 2 bedrooms is 1,380 (+/-) square feet, while the average of the 1 bedroom is 1,063 (+/-) square feet.The building is positioned over a comfortable 6,253 square foot parcel, zoned RD1.5. Garage parking is provided for 4 vehicles in the rear of the property. Gas and electrical utilities are separately metered and paid by residents. Units have their own laundry hookups for tenant convenience and include one-of-a-kind amenities such as lovely custom stained hardwood floors throughout, formal step-up dining rooms, and even French doors in living room, which open to your own patio in select units.
    Exterior Features

    Garage Spaces 4.00 Lot Features 0-1 Unit/AcreValue In LandYard Lot Size Source Assessor Lot Size Units Square Feet Parking Total 4.00 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Heating Floor Furnace Heating YN Yes Laundry Features Washer Hookup Levels Two

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 3.70 Community Features CurbsSidewalksStorm DrainsStreet LightsSuburbanUrban Country Us Electric Expense 1600.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 81364.00 Gross Scheduled Income 83880.00 Insurance Expense 1710.00 Land Lease YN No Laundry YN Yes Maintenance Expense 2400.00 Net Operating Income 55354.00 New Construction YN No New Taxes Expense 18700.00 Number Of Separate Electric Meters 4 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Operating Expense 26010.00 Rent Control YN Yes Senior Community YN No Sewer Private Sewer Special Listing Conditions Standard Total Expenses 26010.00 Trash Expense 0.00 Water Sewer Expense 1600.00 Water Source Public Year Built Source Public Records Zoning Lard1.5

    Listing provided courtesy of Justin White of Justin White


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-09-29T16:32:57.947. 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 First Team Real Estate. Licensed in the State of California, USA.

     
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