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1861 S Sycamore Ave, Los Angeles, CA 90019
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1861 S Sycamore Ave Los Angeles, CA 90019

$1,437,500 Sold Price as of 08/10/2021
  • 8 Beds
  • 7 Baths
  • 4,883 Sq.Ft.
Sold
$1,437,500 Sold Price as of 08/10/2021 Refinance Your Mortgage
Map preview of 1861 S Sycamore Ave, Los Angeles, CA 90019

Property Overview: 1861 S Sycamore Ave Los Angeles, CA has 8 bedrooms, 7 bathrooms, 4,883 living square feet and 7,651 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: An exciting investment for an ideal buyer seeking a value add building. This seven unit gated complex is in the heart of mid-city zoned RD1.5 and located in an opportunity zone. It has a 4.6% cap rate and 14 GRM. This well maintained building has charming courtyards throughout and five units have garage spaces. This multi-family property consist of a mix of (4) spacious one-bedrooms one bath, (2) two bedrooms one bath, and one-studio. Two of the one -bedroom units will be delivered vacant. The units have a mix of updates throughout including remodeled kitchens, flooring, and bathrooms offering plenty of natural light in several of the units. Each unit has separate gas and electrical meters. The building needs soft retrofitting and is reflected in the price. Retrofit plans and permits have been pulled. Buyer to investigate. Please do not disturb tenants.

Listed by Michelle Colbert | BRE #01937337 | Keller Williams Hollywood Hills
Last checked: 11 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 115

Home details

Lot Sq. Ft
7,651
HOA Dues
$0/mo
Year built
1948
Garage
5 Car
Property Type:
Multi Family
Status
Sold
MLS#
21705992
City
Los Angeles
County
Los Angeles
Time on Site
1284 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 7
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $1,875
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,015
  • Total Rent: $1,015
  • Pro Forma/Market Rent: $1,875
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $1,875
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,015
  • Total Rent: $1,015
  • Pro Forma/Market Rent: $1,875
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,656
  • Total Rent: $1,656
  • Pro Forma/Market Rent: $2,100
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,850
  • Total Rent: $1,850
  • Pro Forma/Market Rent: $2,100
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $455
  • Total Rent: $455
  • Pro Forma/Market Rent: $1,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 14
  • Gross Scheduled Income: --
  • Net Operating Income: $39,017
  • Gross Operating Income: $77,875
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 1861 S Sycamore Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 5
  • # of Parking Spaces: 5
  • Has Parking
  • Parking Features: Street
Property Information
  • No View
  • View: None
  • Total # of Units: 7
  • Parcel Number: 5067017032
  • Architectural Style: Traditional
Location / Neighborhood
Location Information
  • Directions: West of La Brea North of Washington Blvd
View more facts & features

Local Los Angeles Agent

Sale History for 1861 S Sycamore Ave

Last sold for $1,437,500 on August 10th, 2021

  • August, 2021

  • Aug 10, 2021

    Date

    Sold

    CRMLS: 21705992

    $1,437,500

    Price

  • Jul 9, 2021

    Date

    Pending

    CRMLS: 21705992

    $1,650,000

    Price

  • Jun 16, 2021

    Date

    Active

    CRMLS: 21705992

    $1,650,000

    Price

  • Apr 17, 2021

    Date

    Active Under Contract

    CRMLS: 21705992

    $1,650,000

    Price

  • Mar 16, 2021

    Date

    Active

    CRMLS: 21705992

    $1,650,000

    Price

  • April, 2017

  • Apr 19, 2017

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 1861 S Sycamore Ave

Assessed Value (2020): $158,382
Year Land Value Improved Value Assessed Value
2020 $46,442 $111,940 $158,382

Home Value Compared to the Market

This property vs the competition

1861 S Sycamore Ave sold on August 10, 2021 for 47.32% 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 $337.91 per/sqft which puts the price per square foot 53.33% lower than the current median sale per square foot for the city of Los Angeles.

About 1861 S Sycamore Ave

Detailed summary of property

1861 S Sycamore Ave is a multi family that recently sold in Los Angeles, CA 90019. This multi family property offered 8 bedrooms, 7 bathrooms, roughly 4,883 living square feet, and sits on an approximately 7,651 square foot lot. 1861 S Sycamore Ave was first listed on ArdentRealEstateGroup.com on March 16, 2021. The homeowner sold the property for $1,437,500. 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 47.32% higher than the current median priced home. Local homes that are currently for sale include 1325 S Mansfield Ave, 2045 S Palm Grove Ave and 2530 S Sycamore Ave. While the average home in Los Angeles, CA is selling in 106 days, 1861 S Sycamore Ave has a days on market of 115 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. For more information on this home for sale at 1861 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 1861 S Sycamore Ave

Public county record property details
Beds
9
Baths
7
Year built
1948
Sq. Ft.
4,883
Lot Size
7,651
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
14
APN
5067-017-032

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
95
Median Sale to List Price %
98.65%
Avg Days on Market
29
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (0%), Other (20%)

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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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