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1055 S Sycamore Ave Los Angeles, CA 90019

$3,350,000 Sold Price as of 11/26/2019

5 Beds
5 Baths
3,286 Sq.Ft.

Sold

$3,350,000 Sold Price as of 11/26/2019 Refinance Your Mortgage

Map preview of 1055 S Sycamore Ave, Los Angeles, CA 90019

Property Overview: 1055 S Sycamore Ave Los Angeles, CA has 5 bedrooms, 5 bathrooms, 3,286 living square feet and 8,577 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Exemplifying Southern California's iconic Spanish-style architecture, this three-level building is a rare opportunity consisting of five recently renovated one-bedroom residences, all filled with chic modern style and lovely natural light. A courtyard with an Old World-inspired tile fountain, colorful mature landscaping, and tall privacy hedges introduces the building. Kitchens have been updated with timeless cabinetry, contemporary open shelving, elegant stone countertops, and stainless-steel appliances. Each home is air-conditioned and accompanied by an idyllic courtyard or delightful balcony, and most are equipped with Nest systems. The penthouse enjoys two covered rooftop terraces with built-in daybeds, perfect for alfresco grilling, lounging, entertaining, and appreciating a panorama of the city. In a prime Beverly Center location, the building includes a detached garage with eight private bays and is minutes from West Hollywood, Hancock Park, a metro station, and freeways

Listed by Eric Lavey | BRE #01511292 | Sotheby's International Realty

Last checked: 7 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 63

Home details

Lot Sq. Ft: 8,577
HOA Dues: $0/mo
Year built: 1939
Garage: --
Property Type:: Multi Family

Status: Sold
MLS#: 19498856
City: Los Angeles
County: Los Angeles
Time on Site: 1223 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 5
Total # of Buildings: 1

Unit Breakdown 1

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $3,350
Total Rent: $3,350
Pro Forma/Market Rent: $3,350

Unit Breakdown 2

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $3,650
Total Rent: $3,650
Pro Forma/Market Rent: $3,650

Unit Breakdown 3

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $2,850
Total Rent: $2,850
Pro Forma/Market Rent: $2,850

Unit Breakdown 4

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $3,500
Total Rent: $3,500
Pro Forma/Market Rent: $3,500

Unit Breakdown 5

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Total Rent: $0
Pro Forma/Market Rent: $4,950

Multi-Family Income/Expense Information

Property Income and Analysis

Cap Rate: 5.34%
Gross Rent Multiplier: 16.9
Gross Scheduled Income: --
Net Operating Income: $186,732
Gross Operating Income: $206,283
Improvements Total: $155,985

Annual Expense Breakdown

Total Operating Expense: --
Electric: $2,400
Gas/Fuel: $336
Insurance: $2,400
Water/Sewer: $540

Property Details for 1055 S Sycamore Ave

Interior Features

Cooling Information

Has Cooling
Central Air, See Remarks

Laundry Information

Has Laundry
Dryer Included, Washer Included, See Remarks

Kitchen Information

Has Appliances
Disposal, Refrigerator, Dishwasher

Lot Details / Garage and Parking

Parking/Garage Information

Has Parking
Parking Features: Garage Door Opener, Covered, Side by Side, Driveway

Property Information

Total # of Units: 5
Parcel Number: 5084014004

Location / Neighborhood

Location Information

Directions: West of La Brea, Just South of Olympic

View more facts & features

Local Los Angeles Agent

Sale History for 1055 S Sycamore Ave

Last sold for $3,350,000 on November 26th, 2019

November, 2019
Nov 26, 2019

Date

Sold

CRMLS: 19498856

$3,350,000

Price
Oct 14, 2019

Date

Pending

CRMLS: 19498856

$3,495,000

Price
Aug 12, 2019

Date

Active

CRMLS: 19498856

$3,495,000

Price
November, 2019
Nov 26, 2019

Date

Sold (Public Records)

Public Records

$3,350,000

Price
October, 2018
Oct 5, 2018

Date

Sold

CRMLS: 18346882

$1,830,000

Price
Jul 9, 2018

Date

Pending

CRMLS: 18346882

$1,850,000

Price
May 22, 2018

Date

Active

CRMLS: 18346882

$1,850,000

Price
Listing provided courtesy of CRMLS

**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.

Continue Reading
October, 2018
Oct 4, 2018

Date

Sold (Public Records)

Public Records

$1,830,000

Price

Tax History for 1055 S Sycamore Ave

Assessed Value (2020): $3,350,000

Year	Land Value	Improved Value	Assessed Value
2020	$2,350,000	$1,000,000	$3,350,000

Home Value Compared to the Market

This property vs the competition

1055 S Sycamore Ave sold on November 26, 2019 for 193.7% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $1063.6 per/sqft which puts the price per square foot 40.87% higher than the current median sale per square foot for the city of Los Angeles.

About 1055 S Sycamore Ave

Detailed summary of property

1055 S Sycamore Ave is a multi family that recently sold in Los Angeles, CA 90019. This multi family property offered 5 bedrooms, 5 bathrooms, roughly 3,286 living square feet, and sits on an approximately 8,577 square foot lot. 1055 S Sycamore Ave was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $3,350,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 193.7% higher than the current median priced home. Local homes that are currently for sale include 730 Crenshaw Blvd, 2301 Hauser Blvd and 358 N Ogden Dr. While the average home in Los Angeles, CA is selling in 92 days, 1055 S Sycamore Ave has a days on market of 63 days. There are currently 3712 homes for sale in the Los Angeles real estate market and 2493 of them are single family homes while 1120 of them are condos and 93 are townhomes. For more information on this home for sale at 1055 S Sycamore Ave Los Angeles, CA 90019 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1055 S Sycamore Ave

Public county record property details

Beds: 5
Baths: 5
Year built: 1939
Sq. Ft.: 3,286
Lot Size: 8,577
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 219
APN: 5084-014-004

The source for these homes facts are from public records.

90019 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$1,599,800

Median List Price/Sq.Ft.

$696

Median Sold Price

$1,620,000

Median Sold Price/Sq.Ft.

$777

Total Inventory

Median Sale to List Price %

95.58%

Avg Days on Market

Loan Type

Conventional (18.18%), FHA (0%), VA (0%), Cash (9.09%), Other (9.09%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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.