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248 S Sycamore Avenue, Los Angeles, CA

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248 S Sycamore Avenue

Los Angeles, CA 90036-3054 - Mid-Wilshire MF Submarket

Property Type:Multi-Family Number of Units:4 Status:Existing Year Built:1928
Stories:2 Building Size:6,912 SF Land Area:.18 AC (7,680 SF)
For Sale Price:$3,500,000 Price/Unit:$875,000.00 Cap Rate:2.35 % GRM:-


Sale Notes:
Exquisite 4-UNIT trophy property in highly desirable HANCOCK PARK. There are plenty of elegant old-world style architectural features and meticulously restored elements throughout. The property has been well maintained with many upgrades including copper piping and new drains. Each unit has its own in-unit washer/dryer hookups and garage. There is also additional street parking due to no other residential units on the other side of the street. Rents are situated perfectly with some upside but not so much as to lag too far behind market rents. This is a rare opportunity to own in one of LA' s most desirable neighborhoods, located on a beautiful tree-lined street near the Grove and walking distance to La Brea restaurants and markets.

Coldwell Banker Commercial NRT
Darren Seow
(310) 773-1891

Jonathan Kim
(818) 222-0023

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