1842 S Sycamore Ave, Los Angeles, CA, 90019
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Property Details
24
20
Single Family
Description
Property Details: • Type: Single Family • Bedrooms: 24 • Bathrooms: 20 • Square Feet: 6623 • Lot/Size: 6,253 sqft lot
Description: "Proven and Durable Income Stream" A rare opportunity to acquire a purpose-built, income-driven luxury fourplex in the heart of prime Mid-City Los Angeles. 1842-1844 S. Sycamore Avenue is a fully permitted, non-rent-controlled (not subject to RSO) asset offering exceptional scale, flexibility, and strong in-place performance, tailored to the sophisticated short-term rental investor. The short-term rental operation generates over $500,000 in gross annual income, supporting a market-leading 9.3 % cap rate and an estimated NOI of approximately $353,000, based on the current list price and a full operating expense assumption. This level of yield is exceptional for Los Angeles and dif
Location
Address
1842 S Sycamore Ave, Los Angeles, CA, 90019
City
Los Angeles
Features and Finishes
Year Built: 2022; [object Object]; [object Object]; [object Object]
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