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2908 S Sycamore Ave, Los Angeles, CA 90016
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2908 S Sycamore Ave Los Angeles, CA 90016

$1,499,000
  • 4 Beds
  • 4 Baths
  • 2,008 Sq.Ft.
For Sale
$1,499,000 Get Pre-Qualified
Map preview of 2908 S Sycamore Ave, Los Angeles, CA 90016

Property Overview: 2908 S Sycamore Ave Los Angeles, CA has 4 bedrooms, 4 bathrooms, 2,008 living square feet and 7,201 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Possible for all units to be delivered vacant! Exceptional fourplex opportunity for developers, owner users, and investors looking to add value. All units are bungalow style with their own individual yard spaces and some units have additional space that could be used as second bedrooms. Tenants pay for all utilities except water, some units also have in unit washer/dryer. Additional income potential converting rear garages to ADU's.

Listed by Richard Schulman | BRE #01427211 | KW Advisors
Co-listed by Michael Lease | BRE #02040586 | KW Advisors
Last checked: 2 minutes ago | Last updated: June 3rd, 2024 | Source CRMLS | DOM: 39
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Home details

Lot Sq. Ft
7,201
HOA Dues
$0/mo
Year built
--
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24392089
City
Los Angeles
County
Los Angeles
Time on Site
38 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,600
  • Total Rent: $800
  • Pro Forma/Market Rent: $1,600
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,600
  • Total Rent: $1,000
  • Pro Forma/Market Rent: $1,600
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,600
  • Total Rent: $1,600
  • Pro Forma/Market Rent: $1,600
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,600
  • Total Rent: $950
  • Pro Forma/Market Rent: $1,600
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 19.52
  • Gross Scheduled Income: --
  • Net Operating Income: $49,513
  • Gross Operating Income: $76,800
Annual Expense Breakdown
  • Total Operating Expense: --
  • New Taxes: $18,737
  • Trash: $50
  • Insurance: $2,500
  • Water/Sewer: $6,000

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Property Details for 2908 S Sycamore Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Washer Included, Dryer Included
Kitchen Information
  • Has Appliances
  • Microwave
Interior Features
  • Ceiling Fan(s)
  • Levels: Multi/Split
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Garage, Uncovered, Street
Property Information
  • Total # of Units: 4
  • Parcel Number: 5049021046
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: West of La Brea Ave, South of West Adams Blvd
View more facts & features

Local Los Angeles Agent

Sale History for 2908 S Sycamore Ave

View property's historical transactions

  • May, 2024

  • May 20, 2024

    Date

    Active

    CRMLS: 24392089

    $1,499,000

    Price

Tax History for 2908 S Sycamore Ave

Assessed Value (2020): $364,350
Year Land Value Improved Value Assessed Value
2020 $196,128 $168,222 $364,350

Home Value Compared to the Market

This property vs the competition

2908 S Sycamore Ave is listed 20.02% higher than the median list price for the city of Los Angeles which has a median list price of $1,249,000. The median price per/sqft for Los Angeles is $778 and this home is listed at $746.51 per/sqft which puts the price per square foot 4.05% lower than the median price per square foot for the city of Los Angeles.

About 2908 S Sycamore Ave

Detailed summary of property

2908 S Sycamore Ave is a multi family located in Los Angeles, CA 90016 and is currently for sale. This multi family property offers 4 bedrooms, 4 bathrooms, roughly 2,008 living square feet, and sits on an approximately 7,201 square foot lot. 2908 S Sycamore Ave was first listed on ArdentRealEstateGroup.com on May 20, 2024. The homeowner is currently asking $1,499,000. The median priced home in Los Angeles is $1,249,000 with a median price per square foot of $778. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 20.02% higher than the median priced home. Local competing homes currently for sale include 2315 Carmona Ave, 1847 S Curson Ave and 1852 S La Brea Ave. While the average home in Los Angeles, CA is selling in 98 days, 2908 S Sycamore Ave has a days on market of 39 days. There are currently 4006 homes for sale in the Los Angeles real estate market and 2700 of them are single family homes while 1190 of them are condos and 109 are townhomes. For more information on this home for sale at 2908 S Sycamore Ave Los Angeles, CA 90016 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 2908 S Sycamore Ave

Public county record property details
Beds
4
Baths
4
Year built
--
Sq. Ft.
2,008
Lot Size
7,199
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
159
APN
5049-021-046

The source for these homes facts are from public records.

90016 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,098,000
Median List Price/Sq.Ft.
$744
Median Sold Price
$1,150,000
Median Sold Price/Sq.Ft.
$742
Total Inventory
79
Median Sale to List Price %
95.91%
Avg Days on Market
31
Loan Type
Conventional (31.58%), FHA (0%), VA (0%), Cash (10.53%), Other (15.79%)

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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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