1623 Sycamore Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90019
Key Details
Property Type Single Family Home, Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID DW25221600
Year Built 1945
Lot Size 5,627 Sqft
Property Sub-Type Quadruplex
Property Description
RARE OPPORTUNITY IN THIS MIRACLE MILE ADJACENT PROPERTY OFFERING 2 VACANT UNITS! Ready to move in 3 Bedroom/2 Baths & 2
Bedroom/1 Bath. Discover this exceptional 4-unit income property at 1623 S. Sycamore Ave, offering a compelling investment proposition with
immediate upside. Boasting a total of 7 bedrooms and 5 baths across 3,140 sqft of living space on a generous 5,627 sqft LARD 1.5 zoned lot, the
possibilities are significant. Two units are currently vacant, providing an immediate opportunity for an owner-user to live in one unit while
renovating the others, or for an investor to quickly bring units to market rates and maximize rental income. The LARD 1.5 zoning also presents
intriguing development potential for savvy investors looking to explore additional density in a high-demand area. Gross operating income was calculated using pro forma rents for the 2 vacant units plus the current rental amount for the rented units. Located moments from worldclass attractions, residents will enjoy easy access to The Grove, The Original Farmers Market and Los Angeles Los Angeles County Museum of Art.
This vibrant location offers an unparalleled lifestyle with trendy dining, upscale shopping, and cultural landmarks at your fingertips
Location
State CA
County Los Angeles
Area C16 - Mid Los Angeles
Interior
Cooling None
Laundry Electric Dryer Hookup,Gas Dryer Hookup
Exterior
Parking Features Direct Access,Driveway,Garage
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Golf,Park,Suburban,Sidewalks
View Y/N Yes
View Neighborhood
Building
Lot Description 2-5 Units/Acre
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Acceptable Financing Cash,Cash to New Loan,Conventional,FHA
Listing Terms Cash,Cash to New Loan,Conventional,FHA
Special Listing Condition Standard