612 N Sycamore Ave, Los Angeles, CA 90036

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612 N Sycamore Ave Los Angeles, CA 90036

$3,075,000 Sold Price as of 10/26/2021

12 Beds
9 Baths
7,215 Sq.Ft.

Sold

$3,075,000 Sold Price as of 10/26/2021 Refinance Your Mortgage

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Map preview of 612 N Sycamore Ave, Los Angeles, CA 90036

Property Overview: 612 N Sycamore Ave Los Angeles, CA has 12 bedrooms, 9 bathrooms, 7,215 living square feet and 7,425 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 8-unit apartment building located near prime Hancock Park, one of the most desirable neighborhoods in Los Angeles. Being only a few steps to Melrose Ave, the Property is surrounded by an array of world-famous amenities and destinations, offering an investor the rare opportunity to own a quality asset in a highly coveted rental market. The Property has undergone significant renovations and offers the opportunity to add value through additional renovations. The Property features extremely spacious units with a strong unit mix of (1) 3+2, (2) 2+1, and (5) 1+1 units. 5 out of the 8 units have been extensively renovated with high-end finishes which include new stainless-steel appliances, quartz countertops, new flooring, new kitchen cabinets and backsplashes, new fixtures, new paint, renovated bathrooms, A/C units, and recessed lighting. There are a total of 8 on-site parking spaces, with 4 garage spaces and 4 tandem spaces. Two of the renovated units feature an in-unit washer and dryer and there is a laundry facility on-site. Through a complete interior renovation program, an investor will have the opportunity to capitalize on the remaining rental upside.

Listed by Janet Neman | BRE #01069127 | Kidder Mathews of California, Inc.

Last checked: 12 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 21

Home details

Lot Sq. Ft: 7,425
HOA Dues: $0/mo
Year built: 1957
Garage: --
Property Type:: Multi Family

Status: Sold
MLS#: 21786110
City: Los Angeles
County: Los Angeles
Time on Site: 1096 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 8
Total # of Buildings: 1

Unit Breakdown 1

# of Units: 5
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,824
Total Rent: $9,121
Pro Forma/Market Rent: $12,500

Unit Breakdown 2

# of Units: 2
# of Beds: 2
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $2,031
Total Rent: $4,062
Pro Forma/Market Rent: $6,000

Unit Breakdown 3

# of Units: 1
# of Beds: 3
# of Baths: 2
Furnishing: Unfurnished
Actual Rent: $4,750
Total Rent: $0
Pro Forma/Market Rent: $4,750

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: 14.8
Gross Scheduled Income: --
Net Operating Income: $145,166
Gross Operating Income: $209,345

Annual Expense Breakdown

Total Operating Expense: --

Property Details for 612 N Sycamore Ave

Interior Features

Heating Information

Has Heating
Wall Furnace

Kitchen Information

Has Appliances
Dishwasher, Disposal, Microwave, Refrigerator

Lot Details / Garage and Parking

Parking/Garage Information

# of Parking Spaces: 8
Has Parking
Parking Features: Assigned

Property Information

Total # of Units: 8
Parcel Number: 5525018018

Location / Neighborhood

Location Information

Directions: South of Melrose Ave, North of Beverly Blvd, East of N La Brea and West of N Highland Ave

View more facts & features

Local Los Angeles Agent

Sale History for 612 N Sycamore Ave

Last sold for $3,075,000 on October 26th, 2021

September, 2021
Sep 21, 2021

Date

Active

CRMLS: 21786110

$3,195,000

Price
September, 2021
Sep 11, 2021

Date

Expired

CRMLS: 21721728

$3,250,000

Price
Apr 21, 2021

Date

Active

CRMLS: 21721728

$3,250,000

Price
Listing provided courtesy of CRMLS

8-unit apartment building located near prime Hancock Park, one of the most desirable neighborhoods in Los Angeles. Being only a few steps to Melrose Ave, the Property is surrounded by an array of world-famous amenities and destinations, offering an investor the rare opportunity to own a quality asset in a highly coveted rental market. The Property has undergone significant renovations and offers the opportunity to add value through additional renovations. The Property features extremely spacious units with a strong unit mix of (1) 3+2, (2) 2+1, and (5) 1+1 units. 4 out of the 8 units have been extensively renovated with high-end finishes which include new stainless-steel appliances, quartz countertops, new flooring, new kitchen cabinets and backsplashes, new fixtures, new paint, renovated bathrooms, A/C units, and recessed lighting. Additionally, the spacious 3+2 unit, is vacant and in the process of a full renovation. There are a total of 8 on-site parking spaces, with 4 garage spaces and 4 tandem spaces. One of the renovated units features an in-unit washer and dryer and there is a laundry facility on-site. Through a complete interior renovation program, an investor will have the opportunity to capitalize on the remaining rental upside.

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June, 2021
Jun 26, 2021

Date

Expired

CRMLS: 21736780

$1,995

Price
May 26, 2021

Date

Active

CRMLS: 21736780

$1,995

Price
Listing provided courtesy of CRMLS

**1 MONTH FREE ON A 13-MONTH LEASE TERM** Meticulously and beautifully remodeled 1 bedroom/1 bathroom unit with modern, and unique upgraded finishes in both the kitchen and bathroom. The kitchen boasts a dining/breakfast nook area, and brand new stainless steel appliances including a refrigerator, a built-in microwave, dishwasher, and range. You won't want to miss out on this breathtaking unit! *Security deposit will be 1-2 months rent*

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May, 2021
May 15, 2021

Date

Expired

CRMLS: 21704520

$2,199

Price
Mar 31, 2021

Date

Price Change

CRMLS: 21704520

$2,199

Price
Mar 13, 2021

Date

Active

CRMLS: 21704520

$2,495

Price
Listing provided courtesy of CRMLS

**1 MONTH FREE ON A 13-MONTH LEASE TERM** Meticulously and beautifully remodeled 1 bedroom/1 bathroom unit with modern, and unique upgraded finishes in both the kitchen and bathroom. The kitchen boasts a dining/breakfast nook area, and brand new stainless steel appliances including a refrigerator, a built-in microwave, dishwasher, and range. You won't want to miss out on this breathtaking unit! *Security deposit will be 1-2 months rent*

Continue Reading
September, 2020
Sep 16, 2020

Date

Leased

CRMLS: 20624892

$2,200

Price
Aug 29, 2020

Date

Active

CRMLS: 20624892

$2,495

Price
Listing provided courtesy of CRMLS

ONE MONTH FREE RENT with one year lease! Second story corner updated 1 bedroom and 1 bathroom unit with only one shared wall and no one above you. Unit has balcony and is in a desirable Hollywood location. One block South of Melrose and two blocks East of La Brea. One parking in the garage. Shared coin laundry.

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August, 2015
Aug 21, 2015

Date

Sold (Public Records)

Public Records

$2,300,000

Price
June, 2010
Jun 25, 2010

Date

Sold (Public Records)

Public Records

$1,375,000

Price

Tax History for 612 N Sycamore Ave

Assessed Value (2020): $2,490,367

Year	Land Value	Improved Value	Assessed Value
2020	$1,515,404	$974,963	$2,490,367

Home Value Compared to the Market

This property vs the competition

612 N Sycamore Ave sold on October 26, 2021 for 185.27% 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 $442.83 per/sqft which puts the price per square foot 38.84% lower than the current median sale per square foot for the city of Los Angeles.

About 612 N Sycamore Ave

Detailed summary of property

612 N Sycamore Ave is a multi family that recently sold in Los Angeles, CA 90036. This multi family property offered 12 bedrooms, 9 bathrooms, roughly 7,215 living square feet, and sits on an approximately 7,425 square foot lot. 612 N Sycamore Ave was first listed on ArdentRealEstateGroup.com on September 21, 2021. The homeowner sold the property for $3,075,000. 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 185.27% higher than the current median priced home. Local homes that are currently for sale include 7120 Hollywood Blvd, 733 N Hayworth Ave and 724 S Mansfield Ave. While the average home in Los Angeles, CA is selling in 106 days, 612 N Sycamore Ave has a days on market of 21 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 612 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 612 N Sycamore Ave

Public county record property details

Beds: --
Baths: --
Year built: 1957
Sq. Ft.: 7,215
Lot Size: 7,424
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 147
APN: 5525-018-018

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

Median Sale to List Price %

95.71%

Avg Days on Market

Loan Type

Conventional (16.67%), FHA (0%), VA (0%), Cash (0%), Other (0%)

Thinking of Selling?

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Thinking of Selling?
Call, Text or Message

(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.