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$1,550,000
Est. payment /mo
8 Beds
4 Baths
5,054 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,054 sqft
Price per Sqft $306
MLS Listing ID 25520123
Bedrooms 8
HOA Y/N No
Year Built 1929
Lot Size 6,168 Sqft
Property Description
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 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.
Location
State CA
County Los Angeles
Area C16 - Mid Los Angeles
Zoning LARD1.5
Interior
Fireplace No
Exterior
Parking Features None
Total Parking Spaces 4
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5070017014
Special Listing Condition Standard
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Listed by Sean Rosenzweig • Marcus & Millichap