1055 S Sycamore Avenue

    Los Angeles (City), CA 90019
    • $1,850,000
    • STATUS: Pending
    • ON SITE: 85 days
    • ID#: 18346882
    Pending
    UPDATED: 56 min ago
    $1,850,000
    • 0
      BEDS
    • 0.2
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Multi-Family
    Built:
    1939
    County:

    School Ratings & Info

    Description

    **4 out of 5 units are VACANT. 1st Rent shown is for the occupied unit; All others are vacant and rents shown are projected. Charming 5-unit Spanish style building; Great value-add oppty. The current ownership has completed major renovations to the interior and exterior, including new plumbing, electrical, AC/heat. The property boasts six decks and/or patios, including a PH unit with a large upper deck w/360 degree views. The property will be sold in "as-is" condition, w/pending renovations to be completed by the new owner. An investor will have the opportunity to select their own finishes (flooring, cabinets, countertops, fixtures, and appliances) and complete the renovations to their desired level of luxury. Currently, only one of the five units is occupied. All 5 units have washer and dryer hookups. Because the units are vacant (4 out of 5), an investor will need to purchase the property all-cash or secure private financing. Unit Mix: 4 - 1+1 and 1 - 1+1 Penthouse.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-08-16T20:33:37.083. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
    www.playavistaliving.com/homes/83853816

    1055 S Sycamore Avenue Los Angeles (City), CA 90019

    • Price: $1,850,000
    • Status: Pending
    • Updated: 56 min ago
    • ID#: 18346882
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.2
    Acres
    1939
    Built
    Neighborhood:
    C19 - Beverly Center-Miracle Mile
    County:
    Los Angeles
    Area:
    C19 - Beverly Center-Miracle Mile
    Property Description
    **4 out of 5 units are VACANT. 1st Rent shown is for the occupied unit; All others are vacant and rents shown are projected. Charming 5-unit Spanish style building; Great value-add oppty. The current ownership has completed major renovations to the interior and exterior, including new plumbing, electrical, AC/heat. The property boasts six decks and/or patios, including a PH unit with a large upper deck w/360 degree views. The property will be sold in "as-is" condition, w/pending renovations to be completed by the new owner. An investor will have the opportunity to select their own finishes (flooring, cabinets, countertops, fixtures, and appliances) and complete the renovations to their desired level of luxury. Currently, only one of the five units is occupied. All 5 units have washer and dryer hookups. Because the units are vacant (4 out of 5), an investor will need to purchase the property all-cash or secure private financing. Unit Mix: 4 - 1+1 and 1 - 1+1 Penthouse.
    Exterior Features

    Lot Size Units Square Feet Parking Features Garage Parking YN Yes

    Interior Features

    Laundry Features See Remarks

    Property Features

    Gross Multiplier 14.19 Gross Operating Income 123884.00 Improvements Amount 155985 Land Value 499169 Laundry YN Yes Net Operating Income 90282.00 Special Listing Conditions Standard Total Expenses 33602.00 Zoning Lar2

    Listing provided courtesy of Adrienne Barr of Berkadia.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-08-16T20:33:37.083. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
     
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