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500 N Sycamore Ave, Los Angeles, CA 90036
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500 N Sycamore Ave Los Angeles, CA 90036

$3,563,000 Sold Price as of 07/22/2022
  • 13 Beds
  • 12 Baths
  • 7,466 Sq.Ft.
Sold
$3,563,000 Sold Price as of 07/22/2022 Refinance Your Mortgage
Map preview of 500 N Sycamore Ave, Los Angeles, CA 90036

Property Overview: 500 N Sycamore Ave Los Angeles, CA has 13 bedrooms, 12 bathrooms, 7,466 living square feet and 7,429 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Welcome to 500 North Sycamore Avenue, a 9-unit apartment community located In one of LA's premier locations, Hancock Park. An exceptional unit composition consists of FIVE (5) 2 Bedrooms, THREE (3) 1 Bedrooms, and one Single with each unit averaging +/- 830 square feet. Parking is provided for 11 vehicles. The 9-unit apartment sits on a 7,429 square foot lot and is on arguably the best street in Hancock Park. The offering provides an opportunity for outstanding long term income growth and unparalleled capital preservation.

Listed by Archie Robb | BRE #02002291 | Keller Williams Studio City
Co-listed by Rich Johns | BRE #01432215 | KW Commercial Studio City
Last checked: 1 minute ago | Last updated: July 26th, 2022 | Source CRMLS | DOM: 53

Home details

Lot Sq. Ft
7,429
HOA Dues
$0/mo
Year built
1959
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
22146821
City
Los Angeles
County
Los Angeles
Time on Site
889 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 9
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 3
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,315
  • Total Rent: $6,944
  • Pro Forma/Market Rent: $2,950
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,909
  • Total Rent: $3,817
  • Pro Forma/Market Rent: $2,800
Unit Breakdown 3
  • # of Units: 3
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,497
  • Total Rent: $4,490
  • Pro Forma/Market Rent: $2,350
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,397
  • Total Rent: $1,397
  • Pro Forma/Market Rent: $1,795
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 18.38
  • Gross Scheduled Income: --
  • Net Operating Income: $127,048
  • Gross Operating Income: $197,254
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 500 N Sycamore Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • No Heating
  • None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 11
  • Has Parking
  • Parking Features: Assigned
Property Information
  • Total # of Units: 9
  • Parcel Number: 5525019012
Location / Neighborhood
Location Information
  • Directions: Google Maps. Between La Brea and Highland on N Sycamore.
View more facts & features

Local Los Angeles Agent

Sale History for 500 N Sycamore Ave

Last sold for $3,563,000 on July 22nd, 2022

  • July, 2022

  • Jul 22, 2022

    Date

    Sold

    CRMLS: 22146821

    $3,563,000

    Price

  • Apr 15, 2022

    Date

    Active

    CRMLS: 22146821

    $3,700,000

    Price

  • December, 2013

  • Dec 16, 2013

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 500 N Sycamore Ave

Assessed Value (2020): $537,509
Year Land Value Improved Value Assessed Value
2020 $302,611 $234,898 $537,509

Home Value Compared to the Market

This property vs the competition

500 N Sycamore Ave sold on July 22, 2022 for 230.36% 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 $495.58 per/sqft which puts the price per square foot 31.55% lower than the current median sale per square foot for the city of Los Angeles.

About 500 N Sycamore Ave

Detailed summary of property

500 N Sycamore Ave is a multi family that recently sold in Los Angeles, CA 90036. This multi family property offered 13 bedrooms, 12 bathrooms, roughly 7,466 living square feet, and sits on an approximately 7,429 square foot lot. 500 N Sycamore Ave was first listed on ArdentRealEstateGroup.com on April 15, 2022. The homeowner sold the property for $3,563,000. 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 230.36% higher than the current median priced home. Local homes that are currently for sale include 712 S Stanley Ave, 112-114 S Harper Ave and 2060 High Tower Dr. While the average home in Los Angeles, CA is selling in 106 days, 500 N Sycamore Ave has a days on market of 53 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 500 N Sycamore Ave Los Angeles, CA 90036 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 500 N Sycamore Ave

Public county record property details
Beds
11
Baths
13
Year built
1959
Sq. Ft.
7,466
Lot Size
7,429
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
134
APN
5525-019-012

The source for these homes facts are from public records.

90036 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$2,150,000
Median List Price/Sq.Ft.
$937
Median Sold Price
$1,675,000
Median Sold Price/Sq.Ft.
$754
Total Inventory
33
Median Sale to List Price %
95.71%
Avg Days on Market
31
Loan Type
Conventional (16.67%), FHA (0%), VA (0%), Cash (0%), Other (0%)

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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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