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1271 S Sycamore Avenue, Los Angeles, California 90019, Los Angeles, 90019 - 10 bed, 6 bath

1271 S Sycamore Avenue, Los Angeles, California 90019 home-pic-0
ACTIVE$2,195,000
1271 S Sycamore Avenue, Los Angeles, California 90019
10Beds
6Baths
3,633Sqft
6,405Lot
Year Built
1926
Close
-
List price
$2.19M
Original List price
$2.19M
Price/Sqft
$604
HOA
-
Days on market
-
Sold On
-
MLS number
SB25100856
Home ConditionExcellent
Features
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $2.19M(92th), sqft - 3633(95th), beds - 10(98th), baths - 6(97th).

1271 S Sycamore Ave is a brand new remodeled 4plex located in the Mid-Wilshire pocket of Los Angeles. All units feature new hardwood floors, central air & heat, stainless steel kitchen appliances, modern windows, modern bathroom fixtures, and washer/dryer in units. Beneficial to the new owner, the roof and plumbing is also new, offering extremely low maintenance. One of the 3Bed/2Bath units will be DELIVERED VACANT, ideal for owner/user! The unit mix is comprised of (2) 3Bed/2Bath and (2) 2Bed/1Bath units with an opportunity to add an ADU for additional income. Two 3Bed/2Bath units are located in the front, and (2) 2Bed/2Bath units are located in the rear. There are 4 private garages with storage space and room for guests to park their vehicles in front of the garages. The subject property is conveniently located in between Mid-Wilshire, Culver City and Downtown LA. This is the ideal situation for an owner/user or tenant looking to benefit from all the beautiful amenities Los Angeles has to offer.

Price History

Date
Event
Price
10/12/17
Sold
$2,080,000
08/10/16
Sold
$1,550,000
05/02/16
Sold
$1,100,000
11/21/13
Sold
$851,000
Condition Rating
Excellent
Despite the original build year of 1926, the listing explicitly states the property is a 'brand new remodeled 4plex' with 'extensive modern renovation.' The description highlights new hardwood floors, central air & heat, stainless steel kitchen appliances, modern windows, modern bathroom fixtures, and new roof and plumbing. The images confirm a high-quality, contemporary renovation with new flooring, recessed lighting, and a pristine, modern bathroom featuring marble-look tile and a new vanity. All components appear new or virtually new, meeting current quality standards with no deferred maintenance.
Pros & Cons

Pros

Extensive Modern Renovation: All four units have undergone a brand new remodel, featuring new hardwood floors, central air & heat, stainless steel kitchen appliances, modern windows, and in-unit washer/dryers, appealing to modern tenants.
Low Maintenance Infrastructure: Recent upgrades to the roof and plumbing significantly reduce immediate and long-term maintenance concerns, offering a more hands-off investment for the new owner.
Owner/User Opportunity: One 3-bedroom, 2-bathroom unit will be delivered vacant, providing an ideal opportunity for an owner-occupant or allowing the new owner to set market-rate rent immediately.
Income-Generating Potential: The property offers the valuable opportunity to add an Accessory Dwelling Unit (ADU), which can significantly increase rental income and overall property value.
Prime Central Los Angeles Location: Strategically located in the Mid-Wilshire pocket, offering convenient access to Mid-Wilshire, Culver City, and Downtown LA, enhancing tenant appeal and property appreciation potential.

Cons

Property Type Discrepancy: The listing categorizes the property as a 'Single Family Residence' while the description clearly indicates it is a '4plex,' which could create challenges with financing, zoning, or buyer expectations.
Absence of Current Rental Income Data: The property description lacks details on the current rental income for the three occupied units, making it difficult for potential investors to accurately project cash flow and evaluate investment returns.
Age of Original Construction: While extensively remodeled, the property's original build year of 1926 may raise concerns about the underlying structural integrity or systems not explicitly mentioned as updated beyond plumbing and roof.

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