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: 53 min ago
    $1,795,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,502
      SQFT
    • $717
      $/SQFT
    Neighborhood:
    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 California Regional Multiple Listing Service, Inc. as of 2018-12-14T22:31:54.093. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.teamforss.com/homes/88508066

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

    • Price: $1,795,000
    • Status: Active Under Contract
    • Updated: 53 min ago
    • ID#: 18397048
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    2,502
    SQFT
    $717
    $/SQFT
    1924
    Built
    Neighborhood:
    HPK - Hancock Park
    County:
    Los Angeles
    Area:
    HPK - Hancock Park
    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

    Lot Size Source Assessor Lot Size Units Square Feet Parking Features Built-In StorageDriveway Parking YN Yes

    Interior Features

    Appliances RefrigeratorDishwasher Appliances YN Yes Laundry Features Washer IncludedDryer Included

    Property Features

    Gross Multiplier 0.00 Gross Operating Income 82062.00 Laundry YN Yes Net Operating Income 51268.00 Special Listing Conditions Standard Total Expenses 30794.00 Zoning Lard1.5

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


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-12-14T22:31:54.093. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
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