846-848 N Sycamore Ave - Apartments FOR SALE


Los Angeles, CA 90038- Hollywood
$2,500,000 USD
213-305-9026
846-848 N Sycamore Ave, Los Angeles, CA for Sale
$2,500,000 USD
Apartments - FOR SALE
1/8
null | Request Cap Rate

846-848 N Sycamore Ave
Los Angeles, CA 90038
Hollywood


HIGHLIGHTS

  • 10 Unit Spanish Character | Just 200 ft from the Sycamore District - LA's Newest Luxury Retail / Creative Destination
  • Adj. to Sight Glass Coffee, SuperVinyl, Tre Lune, Jeffrey Deitch, Mizlala, Lisson Gallery, Jacques Marie Mage, Just One Eye, Tartine, Ex Nihilo Paris
  • High-Quality Remodeled Units: Featuring New Flooring, Designer Tiles and Fixtures, Bathrooms and Kitchens & Air Conditioning
  • Great Unit Composition: Studios, One & Two Bedroom Units | Significant Recent CapX Improvements Performed
  • Amenities include secured entry system, attractive grounds, mature landscaping, and an on-site laundry room. Sepaeratrly metered.

OVERVIEW

* 10 Units - Just 200 feet from the Sycamore District - LA's Newest Luxury Retail / Creative Destination with cutting edge galleries, must-visit restaurants and premier retail. * Formerly an industrial back lot for Los Angeles’s motion picture industry — the thoroughfare is finally stepping into the spotlight. In the past few years, the neighborhood has welcomed Jay-Z’s Roc Nation studios, two groundbreaking art galleries, outposts of Paris and New York boutiques, and celebrity-filled restaurants. Sycamore is the kind of place where you stumble onto an unassuming record store (Supervinyl) and find out it has hosted record-release parties for Beyoncé and the Rolling Stones. “There are so many creatives walking around day and night,” says Lina Lee, vice president of development for CIM Group, which was responsible for the makeover. Here are the spots to know: Sight Glass Coffee, SuperVinyl, Tre Lune, Jeffrey Deitch, Mizlala, Lisson Gallery, Jacques Marie Mage, Just One Eye, Tartine, Ex Nihilo Paris * Great Unit Composition: The front structure consists of six (6) Studio apartments, and the rear building has one (1) 2-Bedroom/1-Bathroom unit, and three (3) 1-Bedroom/1-Bathroom units. * High-Quality Remodeled Units: Featuring New Stylish Flooring, Designer Tiles and Fixtures, Updated Bathrooms and Kitchens, Designer Appliances, A/C units, along with numerous original built-ins. * Recent Capex and Building Upgrades: Each unit has been updated or undergone a complete remodel. In addition to interior upgrades, ownership also conducted foundation repairs/retrofitting, brand-new plumbing and electrical systems, new windows, and a new roof on the rear structure. * Outstanding location situated At the center of Hollywood’s newly dynamic Sycamore corridor featuring Next Gen cafés, retail spaces, and a vibrant creative scene. * Highly Amenitized Sub-Market: Located Within Minutes of World-Class Dining, Shopping, and Entertainment Venues https://www.sycamoredistrict.com/contact.html

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$540 USD /SF

# OF UNITS

10

PRICE/UNIT

$250,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

10 Units | Sycamore District

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1926

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,578 SF

ZONING

LAR2

APN/PARCEL ID

5525-006-004

ASK ABOUT THIS PROPERTY

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213-305-9026

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213-305-9026

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