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    520 N Sycamore Avenue

    Los Angeles (City), CA 90036
    • $1,899,000
    • STATUS: Active
    • ON SITE: 34 days
    • ID#: 20630176
    Price Reduced
    UPDATED: 23 min ago
    $1,899,000
    • 0
      BEDS
    • 0.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1937
    County:

    School Ratings & Info

    Description

    Opportunity for owner-user + investor + developer! 4 unit building w/ one unit (520 rear lower) fully renovated w/ SS appliances, hardwood floors, quartz counters, fridge dishwasher, stove + hood. Unit mix is as follows: 522 (lower front) is a 3+1, 522 1/2 (rear upper) is a 2+1, 520 (rear lower) is a 1+1, and converted garage is a Studio w/ 1 bed, 1 bath, dining area. With exception of the garage, the units were originally built as 2+1's. Unit 522 Sycamore was converted into a 3+1 but may be reconfigured back to a 2+1. Unit 522 (lower front) and 520 (rear lower) + garage unit have a wall AC unit. Rear upper (522 1/2) had no AC. The Studio will be delivered vacant at closing. Tenants pay all their own gas/electric + portion of trash; 4 separate meters. Landlord pays water, sewer and large portion of trash. Opportunity to own an income property with a great unit mix in Hancock Park!

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-10-21T11:27:50.447. 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 deemed reliable but is not guaranteed accurate by the MLS or The Marelly Group | Compass. Licensed in the State of California, USA.

    www.themarellygroup.com/homes/110078166
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    520 N Sycamore Avenue Los Angeles (City), CA 90036

    • Price: $1,899,000
    • Status: Active
    • Updated: 23 min ago
    • ID#: 20630176
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.13
    Acres
    1937
    Built
    Neighborhood:
    HPK - Hancock Park
    County:
    Los Angeles
    Area:
    HPK - Hancock Park
    Property Description
    Opportunity for owner-user + investor + developer! 4 unit building w/ one unit (520 rear lower) fully renovated w/ SS appliances, hardwood floors, quartz counters, fridge dishwasher, stove + hood. Unit mix is as follows: 522 (lower front) is a 3+1, 522 1/2 (rear upper) is a 2+1, 520 (rear lower) is a 1+1, and converted garage is a Studio w/ 1 bed, 1 bath, dining area. With exception of the garage, the units were originally built as 2+1's. Unit 522 Sycamore was converted into a 3+1 but may be reconfigured back to a 2+1. Unit 522 (lower front) and 520 (rear lower) + garage unit have a wall AC unit. Rear upper (522 1/2) had no AC. The Studio will be delivered vacant at closing. Tenants pay all their own gas/electric + portion of trash; 4 separate meters. Landlord pays water, sewer and large portion of trash. Opportunity to own an income property with a great unit mix in Hancock Park!
    Exterior Features

    Architectural Style Spanish Lot Size Units Square Feet Parking Features DrivewayStreet Parking YN Yes

    Interior Features

    Appliances DishwasherDisposalRefrigerator Appliances YN Yes Cooling Wall/Window Unit(S) Cooling YN Yes Fireplace Features None Fireplace YN No Flooring WoodCarpet Heating None Heating YN No

    Property Features

    Country Us Gross Income 73608.00 Gross Multiplier 27.10 Gross Operating Income 71400.00 Net Operating Income 41477.00 Senior Community YN No Special Listing Conditions Standard Total Expenses 29923.00 Vacancy Allowance Rate 1.00 Zoning Lard1.5

    Listing provided courtesy of Sheri Bienstock of The Bienstock Group


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-10-21T11:27:50.447. 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 deemed reliable but is not guaranteed accurate by the MLS or The Marelly Group | Compass. Licensed in the State of California, USA.

     
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    The Marelly Group | Compass
    5256 South Mission Rd, Suite 1006
    Bonsall CA, 92003