617 N Sycamore Avenue, Los Angeles, CA 90036
-
Listed Price :
$4,650,000
-
Beds :
N/A
-
Baths :
N/A
-
Property Size :
N/A sqft
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Year Built :
1926
Property Description
TIC Conversion Partnership Opportunity! Welcome to The Sycamore Bungalow Court, a 10-unit 1920s Spanish Colonial Revival apartment community located in the highly desirable Hancock Park neighborhood adjacent to West Hollywood. Comprising (2) remodeled 2-bed/2-bath and (8) 2-bed/1.5-bath townhouse-style units averaging 1,175 sqft, each unit offers private entrances, interior features characteristic of a single-family house, and is equipped with individual water heaters, in-unit W/D hookups, and separate meters for gas and electric. Sitting on an extra-large 16,320 sqft lot zoned LARD1.5, the property is fully parked with 12 on-site spaces and features central open space, low-maintenance landscaping, and a new irrigation system. All units also showcase new torch down roofs and 125 amp electrical sub-panels. For TIC/condo developers, this property presents a potential exit value of $8,000,000+ by remodeling each house-like unit for individual sale between $775,000 to $825,000. This centrally located trophy asset is being offered at only $395/sqft with 62% rental upside and significant value-add potential via interior/exterior renovations and a TIC conversion. Ask the broker for the Offering Memorandum and a TIC partnership opportunity!
Interior Features
| Laundry Information |
| Location(s) |
Washer Hookup, Gas Dryer Hookup, Inside |
| Bedroom Information |
| Bedrooms |
N/A |
| Bathroom Information |
| Bathrooms |
N/A |
| Interior Information |
| Cooling Type |
Central Air |
Listing Information
| Address |
617 N Sycamore Avenue |
| City |
Los Angeles |
| State |
CA |
| Zip |
90036 |
| County |
Los Angeles |
| Listing Agent |
Robert Sillman DRE #02145409 |
| Co-Listing Agent |
Cameron Samimi DRE #02035763 |
| Courtesy Of |
Lyon Stahl Investment Real Estate, Inc. |
| List Price |
$4,650,000 |
| Status |
Active |
| Type |
Residential Income |
| Subtype |
Apartment |
| Structure Size |
N/A |
| Lot Size |
16,320 |
| Year Built |
1926 |
Listing information courtesy of: Robert Sillman, Cameron Samimi, Lyon Stahl Investment Real Estate, Inc.. *Based on information from the Association of REALTORS/Multiple Listing as of Aug 13th, 2024 at 7:37 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.
