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1430 S Sycamore Ave, Los Angeles, CA 90019
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1430 S Sycamore Ave Los Angeles, CA 90019

$1,557,000 Sold Price as of 10/20/2022
  • 9 Beds
  • 7 Baths
  • 6,288 Sq.Ft.
Sold
$1,557,000 Sold Price as of 10/20/2022 Refinance Your Mortgage
Map preview of 1430 S Sycamore Ave, Los Angeles, CA 90019

Property Overview: 1430 S Sycamore Ave Los Angeles, CA has 9 bedrooms, 7 bathrooms, 6,288 living square feet and 6,851 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 1430 South Sycamore Avenue is a 7 unit investment property that features tremendous upside potential of about 100% +/-! The units are larger than the area's standard, with a mix of Two 2 Bedroom units and Five 1 Bedroom units. They also feature individual gas wall heaters. The grounds have 7 parking spots, a new cinder block fence, and the plumbing is mostly copper. There is also onsite laundry available (leased) and the building sits on a raised foundation. This investment is located in a terrific pocket of Los Angeles, in between Mid-Wilshire, Mid City, Pico-Robertson, and West Adams, making this a walkers paradise! With a walk score of 91, there are countless retail and dining options for tenants to enjoy, with hundreds of boutiques and cafes lining Venice and Pico Boulevard. The property is also just a short drive away from the West Side, USC, Beverly Hills, and more. A new owner will benefit from the excellent location and long-term upside potential for years to come.

Listed by Josh Cohen | BRE #01346713 | Keller Williams Beach Cities
Last checked: 11 minutes ago | Last updated: February 1st, 2024 | Source CRMLS | DOM: 26

Home details

Lot Sq. Ft
6,851
HOA Dues
$0/mo
Year built
1958
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
SB22147327
City
Los Angeles
County
Los Angeles
Time on Site
663 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 7
  • Total # of Buildings: 1
  • # of Electric Meters: 8
  • # of Gas Meters: 8
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $970
  • Total Rent: $970
  • Pro Forma/Market Rent: $1,900
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $659
  • Total Rent: $659
  • Pro Forma/Market Rent: $2,300
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,026
  • Total Rent: $1,026
  • Pro Forma/Market Rent: $1,900
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,384
  • Total Rent: $1,384
  • Pro Forma/Market Rent: $2,300
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,200
  • Total Rent: $1,200
  • Pro Forma/Market Rent: $1,900
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $800
  • Total Rent: $800
  • Pro Forma/Market Rent: $1,900
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,026
  • Total Rent: $1,026
  • Pro Forma/Market Rent: $1,900
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 2.39%
  • Gross Rent Multiplier: 20.64
  • Gross Scheduled Income: $84,780
  • Net Operating Income: $41,790
  • Gross Operating Income: --
  • Vacancy Allowance: $1,272
  • Other Income Description: Contact for more inc./exp info
Annual Expense Breakdown
  • Total Operating Expense: $42,318
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $0
  • Insurance: $0
  • Professional Management: $0
  • Water/Sewer: $0
  • Other Expenses: $42,318
  • Other Expense Description: Contact

Property Details for 1430 S Sycamore Ave

Interior Features
Laundry Information
  • Has Laundry
  • Common Area
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 7
Lot Information
  • Lot Features: Level with Street
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 7
  • Parcel Number: 5070017010
  • Year Built Source: Public Records
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Near W. Pico and Venice Blvd
Neighborhood Information
  • Community Features: Street Lights
View more facts & features

Local Los Angeles Agent

Sale History for 1430 S Sycamore Ave

Last sold for $1,557,000 on October 20th, 2022

  • January, 2024

  • Jan 31, 2024

    Date

    Expired

    CRMLS: 23290629

    $1,699,000

    Price

  • Jul 14, 2023

    Date

    Active

    CRMLS: 23290629

    $1,699,000

    Price

  • Listing provided courtesy of CRMLS

    1430 S Sycamore Ave, a 7-unit multifamily investment opportunity located in the supply constrained 90019 zip code of Los Angeles. The property features 6,288 square feet of rentable area and is situated on a 6,851-square foot lot. The 7- unit building is composed of five one-bedroom/one-bathroom units and two two-bedroom/one- and one half bathroom units. The building is well-maintained and offers on-site parking and laundry facilities for tenants. The property is situated in one of the trendiest locations in Los Angeles, sitting just south of Pico, sandwiched between Venice Blvd and San Vicente Blvd. This prime location offers a tremendous amount of dining, shopping, and entertainment destinations in walking distance of the property, while being a short commute to major employment centers such as Century City, Beverly Hills, Hollywood, and Downtown Los Angeles.

  • October, 2022

  • Oct 20, 2022

    Date

    Sold

    CRMLS: SB22147327

    $1,557,000

    Price

  • Jul 6, 2022

    Date

    Active

    CRMLS: SB22147327

    $1,750,000

    Price

  • April, 2022

  • Apr 2, 2022

    Date

    Expired

    CRMLS: 21109151

    $2,290,000

    Price

  • Dec 1, 2021

    Date

    Active

    CRMLS: 21109151

    $2,385,000

    Price

  • Listing provided courtesy of CRMLS

    Opportunity to add value and reposition an underutilized generational asset sold As Is. Property has been in the same family for decades. Soft Story work has been completed. Individually Metered. Parking for all units. Centrally located just south of Mid Wilshire, the area is regentrifying just North of Venice Blvd and East Of Fairfax Ave. Close proximity to shopping, restaurants and major thoroughfares. Submit all offers. Inside with Accepted Offer. DO NOT Disturb Tenants. For more information see Offering Memorandum in Documents

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Tax History for 1430 S Sycamore Ave

Assessed Value (2020): $172,116
Year Land Value Improved Value Assessed Value
2020 $36,728 $135,388 $172,116

Home Value Compared to the Market

This property vs the competition

1430 S Sycamore Ave sold on October 20, 2022 for 47.06% 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 $278.31 per/sqft which puts the price per square foot 63.14% lower than the current median sale per square foot for the city of Los Angeles.

About 1430 S Sycamore Ave

Detailed summary of property

1430 S Sycamore Ave is a multi family that recently sold in Los Angeles, CA 90019. This multi family property offered 9 bedrooms, 7 bathrooms, roughly 6,288 living square feet, and sits on an approximately 6,851 square foot lot. 1430 S Sycamore Ave was first listed on ArdentRealEstateGroup.com on July 26, 2022. The homeowner sold the property for $1,557,000. 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 47.06% higher than the current median priced home. Local homes that are currently for sale include 1089 S Orange Dr, 1363 Hauser Blvd and 4711 St Elmo Dr. While the average home in Los Angeles, CA is selling in 92 days, 1430 S Sycamore Ave has a days on market of 26 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 1430 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 1430 S Sycamore Ave

Public county record property details
Beds
9
Baths
9
Year built
1958
Sq. Ft.
6,288
Lot Size
6,850
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
10
APN
5070-017-010

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
70
Median Sale to List Price %
95.58%
Avg Days on Market
21
Loan Type
Conventional (18.18%), FHA (0%), VA (0%), Cash (9.09%), Other (9.09%)

Thinking of Selling?

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(714) 706-1823

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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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