1614 South Sycamore Avenue

Los Angeles, CA 90019

$3,995,000
Price
16
Beds
18
Baths
8,238 Sq. Ft.
$485 / Sq. Ft.
8,238
Sq. Ft.
$485
per Sq. Ft.

Description

Located in Opportunity Zone! Onward Capital, as the exclusive broker, is excited to present this newly constructed 5-unit complex for sale, featuring two duplexes and a detached ADU. This is a rare opportunity to acquire a brand-new property in the heart of Los Angeles. The fully stabilized, cash-flowing asset generates over $25,500 per month and $309,000 annually, offering an impressive 5.75% cap rate. With no repairs or maintenance required and builder's warranties included, this property stands...Located in Opportunity Zone! Onward Capital, as the exclusive broker, is excited to present this newly constructed 5-unit complex for sale, featuring two duplexes and a detached ADU. This is a rare opportunity to acquire a brand-new property in the heart of Los Angeles. The fully stabilized, cash-flowing asset generates over $25,500 per month and $309,000 annually, offering an impressive 5.75% cap rate. With no repairs or maintenance required and builder's warranties included, this property stands out as a true pride-of-ownership investment. The complex comprises three detached, three-story buildings with thoughtfully designed layouts, including two 4-bedroom, 4.5-bath units; two 3-bedroom, 3.5-bath units; and one 2-bedroom, 2-bath unit. Each unit features top-of-the-line finishes, custom-designed kitchens, stainless steel appliances, and durable Hardy siding on the exterior, showcasing the highest standards of quality and craftsmanship.
  1. Listed by Serena Shlomof • DRE #01986310 • Brokerage DRE #01893306 • Onward Capital, Inc.

Property Details for 1614 South Sycamore Avenue

Zoning
LARD2
Parcel Number
5067002034
Total Units
5.0
Living Area
8238
Source Living Area
Builder
Area
Mid Los Angeles (C16)
Vacancy Rate
0
Lot Size Area
9264
LISTING UPDATED: 03/04/2025 05:47 PM

Property Details for 1614 South Sycamore Avenue

StatusActive Under Contract
MLS #25-486671
Days on Market42
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built2025
Lot Size0.21 AC / 9,264 SF
CountyLos Angeles County

Building Information for 1614 South Sycamore Avenue

Stories3Residences-Year Built2025Building Size-Lot Size0.21 AC / 9,264 SF

Property Information for 1614 South Sycamore Avenue

Community / Development
Community / Development
  • Number Of Units: 5
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Builder
  • Number Of Stories: 3
  • Number Of Buildings: 3
  • Type Of Units: Townhouse
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $309,000
  • Net Operating Income: $231,488.75
  • Gross Income: $309,000
  • Cap Rate: 5.80%
  • Gross Rent Multiplier: $13.06
  • Total Annual Expense: 71331.25
  • Water Expense: $1,440.00
  • Tax Expense: $46,941
  • Insurance Expense: $3,375
  • Management Expense: $12,240.00
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.2127
  • Lot Size Square Feet: 9264
Parking Details
Parking Details
  • Parking Garage: Carport Detached, Controlled Entrance, Driveway
  • Total Parking: 2
  • Parking Features: Detached Carport, Controlled Entrance, Driveway
  • Attached Garage: No
Interior Features
Interior Features
  • Levels: Multi/Split
  • Cooling: Central Air
  • Cooling Type: Central
  • Heating: Central
  • Heating Type: Central
  • Equipment: Dishwasher, Dryer, Freezer, Garbage Disposal, Ice Maker, Hood Fan, Microwave, Refrigerator, Range/Oven, Trash Compactor, Washer
  • Laundry: Washer Included, Dryer Included
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: Accessory Bldgs
Lease Terms
Lease Terms
  • Entry Date: 01-21-2025
Unit Details
Unit 1 Information
  • Unit Beds: 4
  • Unit Baths: 5
  • Unit Furnished: No
  • Unit Rent: $6,000.00
  • Unit Actual Rent: $6,000.00
  • Unit Projected Rent: $6,000.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 3
  • Unit Baths: 4
  • Unit Furnished: No
  • Unit Rent: $5,000.00
  • Unit Actual Rent: $5,000.00
  • Unit Projected Rent: $5,000.00
  • Like Units: 2
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $3,500.00
  • Unit Actual Rent: $3,500.00
  • Unit Projected Rent: $3,500.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 4
  • Unit Baths: 5
  • Unit Furnished: No
  • Unit Rent: $6,250.00
  • Unit Actual Rent: $6,250.00
  • Unit Projected Rent: $6,250.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $99,200.00
  • Assessed Improvement Percent: 9.92
  • Assessed Land Value: $900,800.00
  • Assessed Land Percent: 90.08
  • Assessed Total Value: $1,000,000.00

Property History for 1614 South Sycamore Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1614 South Sycamore Avenue

Taxable ValueLand$900,800Additions$99,200Total$1,000,000
Tax Record2024$12,274 ($1,023 / month)
Home Facts
Beds2Total Finished SqFt1,085 SqFtAbove Grade Finished SqFt1,085 SqFtStories1Lot Size9,261 SqFtStyleSingle Family ResidenceYear Built1926ZoningLARD2CountyLOS ANGELESAPN5067-002-034

Schools near 1614 South Sycamore Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Charter - 6 to 8
Public - 9 to 12
Charter - 6 to 8
Rating
School
Distance
Saturn Street Elementary School
PublicK to 5

Emerson Community Charter School
Charter6 to 8

Los Angeles Senior High School
Public9 to 12

New Los Angeles Charter School
Charter6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Onward Capital, Inc., Serena Shlomof, DRE #01986310

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.