Address: |
view address Los Angeles, CA 90036 Map Location |
Features: | Air Conditioning, Multi-level |
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Square Feet: | 11,744 sq.ft. | Lot Size: | 16320.0 |
Year Built: | 1926 | Property Type: | Apartment |
County: | Los Angeles | List Date: | 2024-07-10 |
Listing Number: | SB24140557 | Listed By: | Lyon Stahl Investment Real Estate, Inc. |
Listing Office: | [email protected] | Days on market: | 69 |
TIC Conversion Partnership Opportunity! Welcome to The Sycamore Bungalow Court, a 10-unit 1920s Spanish Colonial Revival apartment community located in the highly desirable Hancock Park neighborhood adjacent to West Hollywood. Comprising (2) remodeled 2-bed/2-bath and (8) 2-bed/1.5-bath townhouse-style units averaging 1,175 sqft, each unit offers private entrances, interior features characteristic of a single-family house, and is equipped with individual water heaters, in-unit W/D hookups, and separate meters for gas and electric. Sitting on an extra-large 16,320 sqft lot zoned LARD1.5, the property is fully parked with 12 on-site spaces and features central open space, low-maintenance landscaping, and a new irrigation system. All units also showcase new torch down roofs and 125 amp electrical sub-panels. For TIC/condo developers, this property presents a potential exit value of $8,000,000+ by remodeling each house-like unit for individual sale between $775,000 to $825,000. This centrally located trophy asset is being offered at only $395/sqft with 62% rental upside and significant value-add potential via interior/exterior renovations and a TIC conversion. Ask the broker for the Offering Memorandum and a TIC partnership opportunity!
Laundry Features: | Washer Hookup, Gas Dryer Hookup, Inside | Laundry: | Yes |
Cooling features: | Central Air |
Pool Features: | None |
Community Features: | Curbs |
Sewer: | Public Sewer |
Special Listing Conditions: | Standard |
Year Built: | 1926 | Levels: | Two |
Stories: | 2 |
Lot Dimensions: | 16320.0 |
Building Area total: | 11744.0 |
Community information and market data Powered by Onboard Informatics. Copyright ©2024 Onboard Informatics. Information is deemed reliable but not guaranteed.
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.
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Community information and market data Powered by Onboard Informatics. Copyright ©2024 Onboard Informatics. Information is deemed reliable but not guaranteed.
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.
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Community information and market data Powered by Onboard Informatics. Copyright ©2024 Onboard Informatics. Information is deemed reliable but not guaranteed.
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.