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1623 Sycamore, Los Angeles, California 90019, Los Angeles, 90019 - bed, bath

1623 Sycamore, Los Angeles, California 90019 home-pic-0
ACTIVE$1,330,000
1623 Sycamore, Los Angeles, California 90019
0Bed
0Bath
3,140Sqft
5,629Lot
Year Built
1945
Close
-
List price
$1.33M
Original List price
$1.33M
Price/Sqft
$424
HOA
-
Days on market
-
Sold On
-
MLS number
DW25221600
Home ConditionPoor
Features
Patio
ViewNeighborhood

About this home

We found 3 Cons,5 Pros. Rank: price - $1.33M(50th), sqft - 3140(46th), beds - undefined(50th), baths - undefined(50th).

RARE OPPORTUNITY IN THIS MIRACLE MILE ADJACENT PROPERTY OFFERING 2 VACANT UNITS! Ready to move in 3 Bedroom/2 Baths & 2 Bedroom/1 Bath. Discover this exceptional 4-unit income property at 1623 S. Sycamore Ave, offering a compelling investment proposition with immediate upside. Boasting a total of 7 bedrooms and 5 baths across 3,140 sqft of living space on a generous 5,627 sqft LARD 1.5 zoned lot, the possibilities are significant. Two units are currently vacant, providing an immediate opportunity for an owner-user to live in one unit while renovating the others, or for an investor to quickly bring units to market rates and maximize rental income. The LARD 1.5 zoning also presents intriguing development potential for savvy investors looking to explore additional density in a high-demand area. Gross operating income was calculated using pro forma rents for the 2 vacant units plus the current rental amount for the rented units. Located moments from worldclass attractions, residents will enjoy easy access to The Grove, The Original Farmers Market and Los Angeles Los Angeles County Museum of Art. This vibrant location offers an unparalleled lifestyle with trendy dining, upscale shopping, and cultural landmarks at your fingertips

Price History

Date
Event
Price
09/22/25
Listing
$1,330,000
Condition Rating
Poor
Built in 1945, this property features severely outdated kitchens and bathrooms across its units. The kitchens display very old appliances (e.g., 1960s/70s style gas ranges), dated wood or painted cabinets, worn laminate countertops, and old linoleum/vinyl flooring. The bathrooms show equally dated tile work (e.g., pink/peach tiles, small square white tiles), old fixtures, and basic vanities. The presence of a window AC unit suggests a lack of central cooling. While the structure appears maintained, the interior finishes and major systems require substantial repairs and rehabilitation to meet modern standards, aligning with the 'Poor' condition criteria.
Pros & Cons

Pros

Multi-Unit Income Property: This is an exceptional 4-unit quadruplex, offering a compelling investment proposition with multiple income streams.
Immediate Income Upside: Two vacant units provide an immediate opportunity to set market-rate rents, significantly boosting gross operating income for an investor or allowing for owner-occupancy.
Prime Los Angeles Location: Located adjacent to Miracle Mile, residents benefit from easy access to world-class attractions like The Grove, Farmers Market, and LACMA, ensuring high rental demand and property appreciation.
Development Potential: The LARD 1.5 zoning on a generous 5,627 sqft lot presents intriguing development potential for savvy investors looking to explore additional density.
Owner-User Opportunity: The vacant units offer a rare chance for an owner-user to live in one unit while generating substantial rental income from the others.

Cons

Age of Property: Built in 1945, the property may require significant capital expenditure for renovations, modernization, and ongoing maintenance to meet current market expectations and tenant demands.
Reliance on Pro Forma Rents: Gross operating income is calculated using pro forma rents for the vacant units, which are projections and may not be immediately achievable without further investment or market adjustments.
Renovation Investment Required: The description implies that renovating the vacant units is necessary to bring them to market rates, indicating additional upfront costs for the buyer beyond the purchase price.

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