506 N Sycamore Avenue

    Los Angeles (City), CA 90036
    • $1,795,000
    • STATUS: Active Under Contract
    • ON SITE: 59 days
    • ID#: 18397048
    Under Contract
    UPDATED: 59 min ago
    $1,795,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,502
      SQFT
    • $717
      $/SQFT
    Type:
    Multi-Family
    Built:
    1924
    County:

    School Ratings & Info

    Description

    We are pleased to present for sale a Duplex located in a prime Mid-Wilshire location, just one block east of La Brea Ave and two blocks South of Melrose Ave.Situated on a 7,429 square foot lot and having one vacant unit, Sycamore creates an amazing opportunity for an owner-occupier, value-add investor, or developer to increase their cash flow and overall returns! With RD1.5 Zoning, a developer has the ability to build 5 units by right or 7 units with a Tier 1 TOC bonus.Long considered one of the most desirable sub-markets in Los Angeles, this property is centrally located to a variety of shops, restaurants, and high-end entertainment.

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    Based on information from CARETS as of 2018-12-14T09:43:53.193. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Licensed in the State of California, USA.
    www.scvnest.com/homes/88507183

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

    • Price: $1,795,000
    • Status: Active Under Contract
    • Updated: 59 min ago
    • ID#: 18397048
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    2,502
    SQFT
    $717
    $/SQFT
    1924
    Built
    Neighborhood:
    Hancock Park-Wilshire (C18)
    County:
    Los Angeles
    Area:
    Hancock Park-Wilshire (C18)
    Property Description
    We are pleased to present for sale a Duplex located in a prime Mid-Wilshire location, just one block east of La Brea Ave and two blocks South of Melrose Ave.Situated on a 7,429 square foot lot and having one vacant unit, Sycamore creates an amazing opportunity for an owner-occupier, value-add investor, or developer to increase their cash flow and overall returns! With RD1.5 Zoning, a developer has the ability to build 5 units by right or 7 units with a Tier 1 TOC bonus.Long considered one of the most desirable sub-markets in Los Angeles, this property is centrally located to a variety of shops, restaurants, and high-end entertainment.
    Exterior Features

    Parking Features Built-In StorageDriveway Parking Spaces Total 2

    Interior Features

    Appliances DishwasherDryerRefrigeratorWasher Cooling Type Window Unit(S)Ceiling Fan(S) Heating Type Other Total Floors 1 Unit Furnished01 Unfurnished Unit Furnished02 Unfurnished Unit Furnished03 Partially Unit Furnished04 Partially Unit Furnished05 Partially Unit Furnished06 Partially Unit Furnished07 Partially Unit Furnished08 Partially Unit Furnished09 Partially Unit Furnished10 Partially Unit Furnished11 Partially Unit Furnished12 Partially Unit Furnished13 Partially Unit Number Of Bath01 1.0 Unit Number Of Bath02 1.0 Unit Number Of Bed01 2 Unit Number Of Bed02 2

    Property Features

    Adjusted Gross Income 84600.00 Country United States Of America Expense Total Annual 30794.00 Gross Operating Income 82062.00 Gross Rent Multiplier 0.00 Hoa YN N Legal Disclosures Take Property As Is Lot Size Source Public Records Net Operating Income 51268.00 Number Of Buildings 1 Special Conditions Standard Sale Square Footage Source Vendor Enhanced Unit Monthly Rent01 2950.00 Unit Monthly Rent02 4100.00 Unit Projected Total Monthly Rent01 4100.00 Unit Projected Total Monthly Rent02 4100.00 Unit Total Monthly Rent01 2950.00 Unit Total Monthly Rent02 4100.00 Unit Type01 1 Unit Type02 1 Units Total In Complex 2 Zoning Lard1.5

    Listing provided courtesy of Saadia 'Sam' Liberow DRE#01933858 of Marcus & Millichap.


    Based on information from CARETS as of 2018-12-14T09:43:53.193. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Licensed in the State of California, USA.
     
    RE/MAX of Santa Clarita
    25101 The Old Road
    Santa Clarita CA, 91381