1061 S Sycamore Ave Los Angeles, CA 90019

$1,745,000 Sold Price as of 11/01/2018

7 Beds
5 Baths
4,647 Sq.Ft.

Off Market

$1,745,000 Sold Price as of 11/01/2018 Refinance Your Mortgage

Map preview of 1061 S Sycamore Ave, Los Angeles, CA 90019

Property Overview: 1061 S Sycamore Ave Los Angeles, CA has 7 bedrooms, 5 bathrooms, 4,647 living square feet and 7,514 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

1061 S Sycamore Ave is currently an off market home in the city of Los Angeles. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Los Angeles has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $768. With those numbers in mind, if you are looking to purchase a median priced home in Los Angeles, CA and put 20% down you will need to save up $240,000 for the down payment and will need roughly $24,000 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Los Angeles the commission could be as much as $56,000. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 1061 S Sycamore Ave

Last sold for $1,745,000 on November 1st, 2018

December, 2022
Dec 21, 2022

Date

Canceled

CRMLS: 22170563

$1,990,000

Price
Jun 21, 2022

Date

Active

CRMLS: 22170563

$1,990,000

Price
Listing provided courtesy of CRMLS

This quintessential Spanish Colonial Revival property is situated in a prime location, just a short drive from Beverly Grove and Hancock Park. The area boasts beautiful homes, plenty of dining, and is close to The Farmers Market and The Grove. There are two expansive three-bedroom units with plenty of character preserved from the development era, and a separate one-bedroom unit mirroring the same style. Two of the three units have been completely remodeled, and investors may continue to capitalize on the same upgrades that have been implemented in these units.Built in 1929, this property boasts beautifully renovated units along with multiple amenities. Recently remodeled units feature in-unit washer/dryers, crystal chandeliers, recessed LED lighting, central air and heat, Caesarstone countertops, stainless steel appliances, and fully remodeled bathrooms. The spacious three-bedroom units are approximately 1,800 square feet each, while the large one-bedroom unit is approximately 950 square feet. The building's exterior is exceptionally clean with fresh paint and meticulous groundskeeping, and a fully upgraded courtyard area allows tenants a serene setting to relax or socialize.The Miracle Mile neighborhood has been experiencing plenty of new capital investments in the form of renovations and full remodels, only adding to the charm of the area. Miracle Mile is slated to have additional capital coming in via the Wilshire Courtyard, a high-rise office building, and the Mirabel, an Art Deco-inspired tower with 348 apartments and ground-floor retail. It has a been a highly desirable submarket for years, and that is a trend that many investors expect to continue.

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June, 2022
Jun 21, 2022

Date

Canceled

CRMLS: 22153941

$2,199,000

Price
May 5, 2022

Date

Active

CRMLS: 22153941

$2,199,000

Price
Listing provided courtesy of CRMLS

This quintessential Spanish Colonial Revival property is situated in a prime location, just a short drive from Beverly Grove and Hancock Park. The area boasts beautiful homes, plenty of dining, and is close to The Farmers Market and The Grove. There are two expansive three-bedroom units with plenty of character preserved from the development era, and a separate one-bedroom unit mirroring the same style. Two of the three units have been completely remodeled, and investors may continue to capitalize on the same upgrades that have been implemented in these units.Built in 1929, this property boasts beautifully renovated units along with multiple amenities. Recently remodeled units feature in-unit washer/dryers, crystal chandeliers, recessed LED lighting, central air and heat, Caesarstone countertops, stainless steel appliances, and fully remodeled bathrooms. The spacious three-bedroom units are approximately 1,800 square feet each, while the large one-bedroom unit is approximately 950 square feet. The building's exterior is exceptionally clean with fresh paint and meticulous groundskeeping, and a fully upgraded courtyard area allows tenants a serene setting to relax or socialize.The Miracle Mile neighborhood has been experiencing plenty of new capital investments in the form of renovations and full remodels, only adding to the charm of the area. Miracle Mile is slated to have additional capital coming in via the Wilshire Courtyard, a high-rise office building, and the Mirabel, an Art Deco-inspired tower with 348 apartments and ground-floor retail. It has a been a highly desirable submarket for years, and that is a trend that many investors expect to continue.

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November, 2018
Nov 4, 2018

Date

Sold

CRMLS: 18385646

$1,745,000

Price
Oct 12, 2018

Date

Active Under Contract

CRMLS: 18385646

$1,795,000

Price
Oct 10, 2018

Date

Hold

CRMLS: 18385646

$1,795,000

Price
Sep 13, 2018

Date

Active

CRMLS: 18385646

$1,795,000

Price
Listing provided courtesy of CRMLS

Charming Spanish Triplex perfect for Owner user and /or investors. 2 units vacant. Centrally located in great area of Miracle Miles close distance to shops, restaurants, LACMA and The Grove. Only few blocks south of the upcoming and game -changing Metro Purple line. Convenient to both Downtown LA and Westside. 2 spacious units are 3 bedrooms and 1.75 bath EACH. THE UPPER UNIT IS VACANT and is perfect for owner user. the lower unit has long term tenant . there is also a spacious VACANT one bedroom, one bath with large private outside area located in a separate building above 4 car garage. Please do not walk on the property and contact agent by her cell # or email for showing arrangement. Do not disturb occupant.

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November, 2018
Nov 1, 2018

Date

Sold (Public Records)

Public Records

$1,745,000

Price
August, 2017
Aug 10, 2017

Date

Sold

CRMLS: 17241718

$800,000

Price
Aug 3, 2017

Date

Pending

CRMLS: 17241718

$1,350,000

Price
Jul 12, 2017

Date

Active Under Contract

CRMLS: 17241718

$1,350,000

Price
Jul 11, 2017

Date

Price Change

CRMLS: 17241718

$1,350,000

Price
Jun 16, 2017

Date

Active

CRMLS: 17241718

$1,580,000

Price
Listing provided courtesy of CRMLS

We are pleased to present 1061 South Sycamore Avenue, a 1929 Spanish style three-unit investment opportunity. Centrally located, this property features a courtyard entry with a balcony overlook in Miracle Mile's hip east end. Situated on a 7,500+ square foot lot with LAR2 zoning, two units are 3 bedrooms / 1.75 baths; each over 1,800 square feet. The third is above the four garages. It is a large (apx. 958 square feet) 1 bedroom / 1 bath with a large, private outside area. Kitchens and baths need updating. The front two units have long-time tenants paying low rents. The 1 bedroom unit will be delivered vacant and with improvements should rent in the $1,500- $2,000 range. Many infrastructure items have been completed, including AC/FA system in front duplex, new electrical panel, PEX piping, sewer line, wall & attic insulation, and mostly new windows. No sign on property. Do not walk on the property or disturb tenants. Inside inspections with accepted offer.

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August, 2017
Aug 9, 2017

Date

Sold (Public Records)

Public Records

$800,000

Price

Tax History for 1061 S Sycamore Ave

Assessed Value (2020): $1,779,900

Year	Land Value	Improved Value	Assessed Value
2020	$1,423,920	$355,980	$1,779,900

About 1061 S Sycamore Ave

Detailed summary of property

1061 S Sycamore Ave is categorized with a use code of Triplex (3 Units, Any Combination) in Los Angeles, CA 90019 and last sold on November 1, 2018 for $1,745,000. This property has 7 bedrooms, 5 bathrooms, roughly 4,647 living square feet, and sits on an approximately 7,514 square foot lot. Homes in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 55.8% higher than the current median priced home. 1061 S Sycamore Ave was last sold on November 1, 2018 for $1,745,000. Local nearby listings include 917 S Tremaine Ave, 729 S Highland Ave and 928 S Tremaine Ave. The average home in Los Angeles, CA is selling in 106 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. If you are the homeowner and looking to sell the home at 1061 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 1061 S Sycamore Ave

Public county record property details

Beds: 7
Baths: 5
Year built: 1929
Sq. Ft.: 4,647
Lot Size: 7,514
Stories: --

Type: Triplex (3 Units, Any Combination)
Pool: No
Spa: No
County: Los Angeles
Lot#: 220
APN: 5084-014-005

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

$1,450,000

Median List Price/Sq.Ft.

$703

Median Sold Price

$1,277,500

Median Sold Price/Sq.Ft.

$715

Total Inventory

Median Sale to List Price %

98.65%

Avg Days on Market

Loan Type

Conventional (0%), FHA (0%), VA (0%), Cash (0%), Other (20%)

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(714) 706-1823

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