Robert Sillman
This listing was posted on RealtyWW.
$4,650,000
N Sycamore Ave, Los Angeles, Home For Sale
Price:
$4,650,000
BR/BA:
10+ BR, 10+ BA
Location:
617 N Sycamore Ave, Los Angeles, CA
Description:
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!For more details: https://realtyww.info/homes_los-angeles-d523223/for-sale_i73956226
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More About this Listing: N Sycamore Ave, Los Angeles, Home For Sale
N Sycamore Ave, Los Angeles, Home For Sale is a 10+ BR 10 Bathroom, 10+ BA, 20 Bathroom Single-Family Homes for Sale at 617 N Sycamore Ave in Los Angeles CA. Find other listings like N Sycamore Ave, Los Angeles, Home For Sale and listings near 617 N Sycamore Ave by searching Oodle Classifieds for 10+ BR 10 Bathroom, 10+ BA, 20 Bathroom Single-Family Homes for Sale in Los Angeles CA.
N Sycamore Ave, Los Angeles, Home For Sale is a 10+ BR 10 Bathroom, 10+ BA, 20 Bathroom Single-Family Homes for Sale at 617 N Sycamore Ave in Los Angeles CA. Find other listings like N Sycamore Ave, Los Angeles, Home For Sale and listings near 617 N Sycamore Ave by searching Oodle Classifieds for 10+ BR 10 Bathroom, 10+ BA, 20 Bathroom Single-Family Homes for Sale in Los Angeles CA.