We are pleased to offer for sale a four-unit apartment community located at 1500 S Sycamore Avenue. The subject property is located south of Pico Boulevard and west of La Brea Avenue. The subject property is located in a desirable pocket of Mid-City. The building is in close proximity to… Read More an array of shopping, along with a slew of vibrant restaurants, museums, cafes, bars, theaters, grocery stores, gyms, and entertainment choices in Mid-City, Miracle Mile, Mid-Wilshire, West Adams, & Koreatown. This provides residents with convenient access to employment centers, retail and entertainment in the immediate area. Situated on a 6,165 square foot parcel, the property is comprised of one two-bedroom unit and three three-bedroom units. The property has rental upside through unit renovations along with on-site parking for every unit.1500 S Sycamore Avenue offers investors an opportunity to acquire an asset in a sought-after in-fill submarket in Los Angeles. The continued gentrification of the surrounding area along with the value-add potential for a new owner to renovate in order to achieve superior market rents moving forward, makes 1500 S Sycamore Avenue an excellent acquisition opportunity. UNITS 1, 2 & 3 OPERATE AS 2BED/1BATH + DEN. PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT THE LISTING TEAM FOR DETAILS. Read Less
Courtesy of Marcus & Millichap 310-909-5500
Listing Snapshot
Days Online
30
Last Updated
Property Type
Other
Beds
8
Square Ft.
5,054
Lot Size
0.14 Acres
Year Built
1929
MLS Number
25520123
30 Days Snapshot Of 90019
$1.40M
-35%
(avg) sold price
10
-37%
homes sold
85
+21%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
5,054 sq ft, Built in 1929, Levels: Two
Disclosures
None
Garage
None
Lot
LotAcreage: 0.1416, LotSizeArea: 6,166
Parking
TotalParking: 4
Property
NumberOfUnits: 4, Zoning: LARD1.5
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