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1406 N Sycamore Avenue

Los Angeles (City), CA 90028
  • $3,795,000
  • STATUS: Active
  • ON SITE: 24 Days
  • ID#: BB24027218
UPDATED: 31 min ago
$3,795,000
  • 0
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
2024
County:

School Ratings & Info

Listing Agent(s): Elizabeth Maddox of Myunits.com Inc. (818-859-7242) and Isaac Davidi of On Track Property(310-997-0311)


Description

1406 N Sycamore is an ultra-premium non-rent-controlled new construction fourplex located in A+++ Hollywood proper, just steps from the iconic Hollywood Blvd! This pre-CofO QUALIFIED OPPORTUNITY ZONE fourplex boasts a 6.02% projected cap rate and is ready to close now: a dream come true for 1031 exchange and opportunity zone buyers! CofO has not been received yet, allowing time for an opportunity zone closing.1406 N Sycamore is made up of three large 4-bedroom tri-level townhome style units and one 3-bedroom tri-level townhome style unit. The property boasts 8 carport parking spots. The excellent location, paired with the upscale modern units, and sprawling balcony view makes for quick, easy rentals. These premium townhomes feature unbeatable floorplans with extremely large, tenant friendly kitchens and living rooms. You will find noteworthy features including, but not limited to designer tiles, all kitchen appliances included, modern glossy cabinets, high ceilings, huge closets, balconies off the living space and bedrooms, countless windows everywhere you look allowing for maximum light, natural wood waterproof vinyl, and more! In addition to the high return, buyers will enjoy other perks including tons of parking, tastefully designed drought tolerant landscaping, a 1-year builders warranty, brand new EVERYTHING, little to no maintenance, separate meters for gas, water & electric, and extreme desirability amongst renters for years to come.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-03-04T00:26:19.473. 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 Berkshire Hathaway HomeServices California Properties. Licensed in the State of California, USA.
www.kevinhillre.com/homes/147395304
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1406 N Sycamore Avenue Los Angeles (City), CA 90028

  • Price: $3,795,000
  • Status: Active
  • On Site: 24 Days
  • Updated: 31 min ago
  • ID#: BB24027218
0
Beds
0
Baths
0
½ Baths
0.14
Acres
2024
Built
Neighborhood:
C20 - Hollywood
County:
Los Angeles
Area:
C20 - Hollywood
Property Description
1406 N Sycamore is an ultra-premium non-rent-controlled new construction fourplex located in A+++ Hollywood proper, just steps from the iconic Hollywood Blvd! This pre-CofO QUALIFIED OPPORTUNITY ZONE fourplex boasts a 6.02% projected cap rate and is ready to close now: a dream come true for 1031 exchange and opportunity zone buyers! CofO has not been received yet, allowing time for an opportunity zone closing.1406 N Sycamore is made up of three large 4-bedroom tri-level townhome style units and one 3-bedroom tri-level townhome style unit. The property boasts 8 carport parking spots. The excellent location, paired with the upscale modern units, and sprawling balcony view makes for quick, easy rentals. These premium townhomes feature unbeatable floorplans with extremely large, tenant friendly kitchens and living rooms. You will find noteworthy features including, but not limited to designer tiles, all kitchen appliances included, modern glossy cabinets, high ceilings, huge closets, balconies off the living space and bedrooms, countless windows everywhere you look allowing for maximum light, natural wood waterproof vinyl, and more! In addition to the high return, buyers will enjoy other perks including tons of parking, tastefully designed drought tolerant landscaping, a 1-year builders warranty, brand new EVERYTHING, little to no maintenance, separate meters for gas, water & electric, and extreme desirability amongst renters for years to come.
Exterior Features

Architectural Style Modern Carport Spaces 8 Carport YN Yes Direction Faces West Entry Level 1 Entry Location front Lot Features Landscaped Number Of Separate Electric Meters 5 Parking Features Attached CarportCarport Parking Total 8 Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type City Street Road Surface Type Paved Spa Features None Spa YN No View City LightsNeighborhood View YN Yes

Interior Features

Accessibility Features None Appliances DishwasherGas OvenGas RangeMicrowaveRefrigeratorTankless Water HeaterDryerWasher Common Walls 1 Common Wall Cooling Central Air Cooling YN Yes Fireplace Features None Fireplace YN No Flooring Vinyl Heating Central Heating YN Yes Interior Features Balcony

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Cap Rate 6.02 Common Interest None Community Features CurbsSidewalks Electric Standard Electric Expense 600 Fuel Expense 0 Garage YN No Gross Income 291540 Gross Scheduled Income 291540 Insurance Expense 2571 Land Lease Amount 0 Land Lease YN Yes Laundry Features Washer HookupIn Kitchen Levels OneThree Or More Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Submit Maintenance Expense 1600 Net Operating Income 228390 New Construction YN Yes New Taxes Expense 45517 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 4 Number Of Units Leased 0 Operating Expense 51488 Property Condition Turnkey Property Sub Type Quadruplex Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tax Annual Amount 45517 Tenant Pays All Utilities Total Actual Rent 24295 Trash Expense 0 Vacancy Allowance Rate 4 Water Sewer Expense 0 Water Source Public Zoning LARD1.5



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-03-04T00:26:19.473. 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 Berkshire Hathaway HomeServices California Properties. Licensed in the State of California, USA.
 
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Berkshire Hathaway HomeServices California Properties
25909 Pala Dr, Suite 100
Mission Viejo CA, 92691
Listing Agent(s): Elizabeth Maddox of Myunits.com Inc. (818-859-7242) and Isaac Davidi of On Track Property(310-997-0311)