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1406 N Sycamore Ave, Los Angeles, CA 90028
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1406 N Sycamore Ave Los Angeles, CA 90028

$3,699,000 Sold Price as of 04/12/2024
  • 15 Beds
  • 14 Baths
  • 6,428 Sq.Ft.
Sold
$3,699,000 Sold Price as of 04/12/2024 Refinance Your Mortgage
Map preview of 1406 N Sycamore Ave, Los Angeles, CA 90028

Property Overview: 1406 N Sycamore Ave Los Angeles, CA has 15 bedrooms, 14 bathrooms, 6,428 living square feet and 6,025 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 1406 N Sycamore is an ultra-premium non-rent-controlled new construction fourplex located in A+++ Hollywood proper, just steps from the iconic Hollywood Blvd! This pre-CofO QUALIFIED OPPORTUNITY ZONE fourplex boasts a 6.02% projected cap rate and is ready to close now: a dream come true for 1031 exchange and opportunity zone buyers! CofO has not been received yet, allowing time for an opportunity zone closing. 1406 N Sycamore is made up of three large 4-bedroom tri-level townhome style units and one 3-bedroom tri-level townhome style unit. The property boasts 8 carport parking spots. The excellent location, paired with the upscale modern units, and sprawling balcony view makes for quick, easy rentals. These premium townhomes feature unbeatable floorplans with extremely large, tenant friendly kitchens and living rooms. You will find noteworthy features including, but not limited to designer tiles, all kitchen appliances included, modern glossy cabinets, high ceilings, huge closets, balconies off the living space and bedrooms, countless windows everywhere you look allowing for maximum light, natural wood waterproof vinyl, and more! In addition to the high return, buyers will enjoy other perks including tons of parking, tastefully designed drought tolerant landscaping, a 1-year builder’s warranty, brand new EVERYTHING, little to no maintenance, separate meters for gas, water & electric, and extreme desirability amongst renters for years to come.

Listed by Elizabeth Maddox | BRE #01921425 | Myunits.com Inc.
Co-listed by Isaac Davidi | BRE #01819489 | On Track Property
Last checked: 4 minutes ago | Last updated: April 19th, 2024 | Source CRMLS | DOM: 28

Home details

Lot Sq. Ft
6,025
HOA Dues
$0/mo
Year built
2024
Garage
--
Property Type:
Fourplex
Status
Sold
MLS#
BB24027218
City
Los Angeles
County
Los Angeles
Time on Site
233 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
  • # of Leased Units: 0
  • # of Electric Meters: 5
  • # of Gas Meters: 4
  • # of Water Meters: 4
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 5
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $6,400
  • Pro Forma/Market Rent: $6,400
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 3
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $6,200
  • Pro Forma/Market Rent: $6,200
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 4
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $5,495
  • Pro Forma/Market Rent: $5,495
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 3
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $6,200
  • Pro Forma/Market Rent: $6,200
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 6.02%
  • Gross Rent Multiplier: 13.02
  • Gross Scheduled Income: $291,540
  • Net Operating Income: $228,390
  • Gross Operating Income: --
  • Gross Spendable Income: $291,540
Annual Expense Breakdown
  • Total Operating Expense: $51,488
  • Electric: $600
  • Gas/Fuel: $0
  • New Taxes: $45,517
  • Trash: $0
  • Gardener: $1,200
  • Insurance: $2,571
  • Maintenance: $1,600
  • Water/Sewer: $0

Virtual Tour

Use the following link to view this property's virtual tour:

Property Details for 1406 N Sycamore Ave

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Dryer Included, In Kitchen, Washer Hookup, Washer Included
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Vinyl
  • Kitchen, Living Room
Kitchen Information
  • Has Appliances
  • Dishwasher, Gas Oven, Gas Range, Microwave, Refrigerator, Tankless Water Heater
Interior Features
  • Balcony
  • Levels: One, Three Or More
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 8
  • Has Parking
  • Parking Features: Carport, Attached Carport
Lot Information
  • Lot Features: Landscaped
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Has View
  • View: City Lights, Neighborhood
  • Common Walls: 1 Common Wall
  • Total # of Units: 4
  • Parcel Number: 5548016010
  • Year Built Source: Builder
  • Architectural Style: Modern
  • Entry Level: 1
  • Property is Attached
  • Accessibility Features: None
  • Has Land Lead
  • Property Condition: Turnkey
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Property one street east of Sunset Blvd and La Brea Ave.
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
Neighborhood Information
  • Community Features: Curbs, Sidewalks
View more facts & features

Local Los Angeles Agent

Sale History for 1406 N Sycamore Ave

Last sold for $3,699,000 on April 12th, 2024

  • April, 2024

  • Apr 12, 2024

    Date

    Sold

    CRMLS: BB24027218

    $3,699,000

    Price

  • Feb 8, 2024

    Date

    Active

    CRMLS: BB24027218

    $3,795,000

    Price

  • August, 2021

  • Aug 26, 2021

    Date

    Pending

    CRMLS: 21771914

    $1,299,000

    Price

  • Aug 19, 2021

    Date

    Coming Soon

    CRMLS: 21771914

    $1,299,000

    Price

  • Listing provided courtesy of CRMLS

    Located in Prime Hollywood area just south of Sunset Blvd. Traditional craftsman style 4 Bd/ 2Bth home with Zoned R1.5 which allows for Lot subdivision should you wish to develop the site. There is a detached garage present which would be ideal for owner occupier as possible ADU (additional dwelling unit). Endless possibilities with this centrally located property with room to grow and develop your home.

  • June, 2009

  • Jun 24, 2009

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • April, 1997

  • Apr 16, 1997

    Date

    Sold (Public Records)

    Public Records

    $180,000

    Price

Show More

Tax History for 1406 N Sycamore Ave

Assessed Value (2020): $268,045
Year Land Value Improved Value Assessed Value
2020 $208,931 $59,114 $268,045

Home Value Compared to the Market

This property vs the competition

1406 N Sycamore Ave sold on April 12, 2024 for 238.84% higher than the current median sold price for the city of Los Angeles which is $1,120,000. The median sold price per/sqft for Los Angeles is $724 and this home is sold at $590.39 per/sqft which puts the price per square foot 18.45% lower than the current median sale per square foot for the city of Los Angeles.

About 1406 N Sycamore Ave

Detailed summary of property

1406 N Sycamore Ave is a fourplex that recently sold in Los Angeles, CA 90028. This fourplex offered 15 bedrooms, 14 bathrooms, roughly 6,428 living square feet, and sits on an approximately 6,025 square foot lot. 1406 N Sycamore Ave was first listed on ArdentRealEstateGroup.com on February 8, 2024. The homeowner sold the property for $3,699,000. Home 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 238.84% higher than the current median priced home. Local homes that are currently for sale include 1803 N Wilton Pl, 1015 N Croft Ave and 1009 N Croft Ave. While the average home in Los Angeles, CA is selling in 106 days, 1406 N Sycamore Ave has a days on market of 28 days. There are currently 4139 homes for sale in the Los Angeles real estate market and 2834 of them are single family homes while 1183 of them are condos and 115 are townhomes. For more information on this home for sale at 1406 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 1406 N Sycamore Ave

Public county record property details
Beds
4
Baths
2
Year built
1921
Sq. Ft.
1,772
Lot Size
6,023
Stories
--
Type
Single Family Residential
Pool
No
Spa
No
County
Los Angeles
Lot#
21
APN
5548-016-010

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
$1,099,000
Median List Price/Sq.Ft.
$695
Median Sold Price
$1,015,000
Median Sold Price/Sq.Ft.
$728
Total Inventory
48
Median Sale to List Price %
101.5%
Avg Days on Market
32
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (0%), Other (0%)

Thinking of Selling?

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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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