1118 S Sycamore Ave - Apartments FOR SALE


Los Angeles, CA 90019- Miracle Mile | 
$1,770,000 USD
310-606-0192
1118 S Sycamore Ave, Los Angeles, CA for Sale
$1,770,000 USD
Apartments - FOR SALE
1/23
null | 3.91% Cap Rate

1118 S Sycamore Ave
Los Angeles, CA 90019
Miracle Mile


HIGHLIGHTS

  • IDEAL OWNER-USER OPPORTUNITY in an incredible location Occupy and renovate one expansive residence while retaining rental income from the second unit
  • 1928 SPANISH CHARACTER- Classic Los Angeles architecture with an excellent foundation for renovation
  • Two spacious 3-bedroom / 1¾-bathroom residences
  • ±1,950 SF PER UNIT -Unusually large floorplans offering true single-family residential scale

OVERVIEW

Growth Investment Group is proud to present 1118 S Sycamore Avenue. A rare opportunity to acquire a character-rich Spanish-style duplex in one of Central Los Angeles’ most desirable and supply-constrained residential neighborhoods. Built in 1928, the property consists of two exceptionally large three-bedrooms, 1¾-bathroom residences totaling approximately 3,906 square feet on an approximately 5,860-square-foot lot. The property represents an especially compelling opportunity for an owner-occupant seeking to create a customized residence while maintaining the benefits of an income-producing property. With each unit offering approximately 1,950 square feet of living space, a buyer has the ability to renovate and personalize one of the expansive residences to their own specifications while occupying the property and benefiting from rental income generated by the second unit. The property is ready for the next owner to show it some love and bring it back to its original glory. It’s a great opportunity to live in one unit and rent out the other! The oversized floorplans offer a residential scale that is increasingly difficult to replicate in the surrounding market. Original architectural character, hardwood floors, generous living spaces, private outdoor areas and two garages providing dedicated on-site parking create an excellent foundation for a thoughtful renovation that preserves the property’s classic Los Angeles character while introducing modern finishes and amenities. Positioned in the Miracle Mile / Mid-Wilshire area, 1118 S Sycamore Avenue offers convenient access to some of Los Angeles’ most prominent employment, retail, dining and entertainment destinations, including The Grove and Original Farmers Market, Beverly Hills, West Hollywood, Hancock Park, Beverly Grove, Century City and Koreatown. Whether acquired by an owner-user looking to renovate and create their own residence or an investor seeking a well-located multifamily asset with long-term upside, 1118 S Sycamore Avenue offers a unique combination of scale, architectural character, income potential, dedicated parking and location.

FOR SALE DETAILS

PRICE

$1,770,000 USD

PRICE/SF

$453 USD /SF

# OF UNITS

2

PRICE/UNIT

$885,000

CAP RATE

3.91%

% LEASED

50%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Large Mid-Wilshire Duplex with Vacant Unit

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1928

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,859 SF

ZONING

LARD1.5-1XL

APN/PARCEL ID

5084-020-019

ASK ABOUT THIS PROPERTY

Justin McCardleGrowth Investment Group CaliforniaMore Info
310-606-0192

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Justin McCardleGrowth Investment Group CaliforniaMore Info
310-606-0192

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.