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1320 N Sycamore Ave, Los Angeles, CA 90028
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1320 N Sycamore Ave Los Angeles, CA 90028

$16,250,000 Sold Price as of 12/08/2021
  • 51 Beds
  • 54 Baths
  • 32,664 Sq.Ft.
Sold
$16,250,000 Sold Price as of 12/08/2021 Refinance Your Mortgage
Map preview of 1320 N Sycamore Ave, Los Angeles, CA 90028

Property Overview: 1320 N Sycamore Ave Los Angeles, CA has 51 bedrooms, 54 bathrooms, 32,664 living square feet and 15,993 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: For sale are the 39 units at 1320 N Sycamore Avenue in Hollywood, California. Known as The Retreat, 1320 N Sycamore was constructed in 1987 and has been thoroughly updated in recent years to ensure a competitive advantage in the highly desirable Hollywood rental market. Given the buildings completion date, it is not subject to the City of Los Angeles's Rent Stabilization Ordinance. The property consists of one building with three floors of residential units over 2 levels of subterranean parking. Units include (15) 2+2, (3) 2+1, (15) 1+1 and (6) studio floorplans. Interiors have been finished with laminate flooring, modern cabinetry, quartz countertops, white subway tiles, stainless steel appliances and chrome hardware. The building offers central HVAC (studios use wall units) and approximately half of the condenser units have been replaced. Residents enter the building through a secured and recently remodeled lobby with a managers office. There are private balconies in the units as well as shared outdoor spaces with a fire pit, barbecues and abundant seating areas. Each residential floor has its own laundry room and trash chute. Furthermore, the elevator system was completely overhauled with new mechanical components as well as a fresh cab. On the lower parking level there is a large maintenance room with security system monitoring station.

Listed by Robert Renshaw | BRE #01332831 | REMAX COMMERCIAL & INVESTMENT REALTY
Co-listed by Jonathan Taksa | BRE #01366169 | Remax Commercial and Investment Realty
Last checked: 10 minutes ago | Last updated: March 18th, 2023 | Source CRMLS | DOM: 68

Home details

Lot Sq. Ft
15,993
HOA Dues
$0/mo
Year built
1987
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
21758396
City
Los Angeles
County
Los Angeles
Time on Site
1037 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 39
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 3
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,310
  • Total Rent: $6,930
  • Pro Forma/Market Rent: $7,785
Unit Breakdown 2
  • # of Units: 15
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,925
  • Total Rent: $28,875
  • Pro Forma/Market Rent: $32,925
Unit Breakdown 3
  • # of Units: 6
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,714
  • Total Rent: $10,285
  • Pro Forma/Market Rent: $11,100
Unit Breakdown 4
  • # of Units: 15
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,489
  • Total Rent: $37,340
  • Pro Forma/Market Rent: $41,250
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 17.54
  • Gross Scheduled Income: --
  • Net Operating Income: $585,854
  • Gross Operating Income: $995,815
Annual Expense Breakdown
  • Total Operating Expense: --

Virtual Tour

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Property Details for 1320 N Sycamore Ave

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 64
  • Has Parking
  • Parking Features: Subterranean
Property Information
  • Total # of Units: 39
  • Parcel Number: 5548023102
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: East of La Brea and North of Fountain
View more facts & features

Local Los Angeles Agent

Sale History for 1320 N Sycamore Ave

Last sold for $16,250,000 on December 8th, 2021

  • July, 2021

  • Jul 21, 2021

    Date

    Active Under Contract

    CRMLS: 21758396

    $17,995,000

    Price

  • Jul 9, 2021

    Date

    Active

    CRMLS: 21758396

    $17,995,000

    Price

  • October, 2015

  • Oct 1, 2015

    Date

    Sold (Public Records)

    Public Records

    $15,500,000

    Price

  • December, 2012

  • Dec 31, 2012

    Date

    Sold (Public Records)

    Public Records

    $6,188,561

    Price

Show More

Tax History for 1320 N Sycamore Ave

Assessed Value (2020): $16,784,697
Year Land Value Improved Value Assessed Value
2020 $11,744,388 $5,040,309 $16,784,697

Home Value Compared to the Market

This property vs the competition

1320 N Sycamore Ave sold on December 8, 2021 for 1412.18% 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 $550.91 per/sqft which puts the price per square foot 27.03% lower than the current median sale per square foot for the city of Los Angeles.

About 1320 N Sycamore Ave

Detailed summary of property

1320 N Sycamore Ave is a multi family that recently sold in Los Angeles, CA 90028. This multi family property offered 51 bedrooms, 54 bathrooms, roughly 32,664 living square feet, and sits on an approximately 15,993 square foot lot. 1320 N Sycamore Ave was first listed on ArdentRealEstateGroup.com on July 9, 2021. The homeowner sold the property for $16,250,000. 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 1412.18% higher than the current median priced home. While the average home in Los Angeles, CA is selling in 93 days, 1320 N Sycamore Ave has a days on market of 68 days. There are currently 3618 homes for sale in the Los Angeles real estate market and 2437 of them are single family homes while 1084 of them are condos and 92 are townhomes. For more information on this home for sale at 1320 N Sycamore Ave Los Angeles, CA 90028 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1320 N Sycamore Ave

Public county record property details
Beds
--
Baths
--
Year built
1987
Sq. Ft.
32,664
Lot Size
15,992
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
32,33
APN
5548-023-102

The source for these homes facts are from public records.

90028 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,195,000
Median List Price/Sq.Ft.
$690
Median Sold Price
$752,000
Median Sold Price/Sq.Ft.
$470
Total Inventory
34
Median Sale to List Price %
83.65%
Avg Days on Market
197
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (0%), Other (100%)

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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.

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