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Listed by Justin McCardle • Growth Investment Group Pasade
$1,770,000
Est. payment /mo
3,906 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,906 sqft
Price per Sqft $453
MLS Listing ID AR-26200038
Year Built 1928
Lot Size 5,861 Sqft
Property Sub-Type Duplex
Source California Regional Multiple Listing Service (CRMLS)
Property Description
Come take a look at this! First time on the market in almost 30 years... This rare opportunity to acquire a character-rich Spanish-style duplex in one of Central Los Angeles' most desirable and supply-constrained residential neighborhoods. Built in 1928, the property consists of two exceptionally large three-bedrooms, 1¾-bathroom residences totaling approximately 3,906 square feet on an approximately 5,860-square-foot lot. The property represents an especially compelling opportunity for an owner-occupant seeking to create a customized residence while maintaining the benefits of an income-producing property. With each unit offering approximately 1,950 square feet of living space, a buyer has the ability to renovate and personalize one of the expansive residences to their own specifications while occupying the property and benefiting from rental income generated by the second unit. The property is ready for the next owner to show it some love and bring it back to its original glory. It's a great opportunity to live in one unit and rent out the other! The oversized floorplans offer a residential scale that is increasingly difficult to replicate in the surrounding market. Original architectural character, hardwood floors, generous living spaces, private outdoor areas and two garages providing dedicated on-site parking create an excellent foundation for a thoughtful renovation that preserves the property's classic Los Angeles character while introducing modern finishes and amenities.
Positioned in the Miracle Mile / Mid-Wilshire area, 1118 S Sycamore Avenue offers convenient access to some of Los Angeles' most prominent employment, retail, dining and entertainment destinations, including The Grove and Original Farmers Market, Beverly Hills, West Hollywood, Hancock Park, Beverly Grove, Century City and Koreatown. Whether acquired by an owner-user looking to renovate and create their own residence or an investor seeking a well-located multifamily asset with long-term upside, 1118 S Sycamore Avenue offers a unique combination of scale, architectural character, income potential, dedicated parking and location.
Positioned in the Miracle Mile / Mid-Wilshire area, 1118 S Sycamore Avenue offers convenient access to some of Los Angeles' most prominent employment, retail, dining and entertainment destinations, including The Grove and Original Farmers Market, Beverly Hills, West Hollywood, Hancock Park, Beverly Grove, Century City and Koreatown. Whether acquired by an owner-user looking to renovate and create their own residence or an investor seeking a well-located multifamily asset with long-term upside, 1118 S Sycamore Avenue offers a unique combination of scale, architectural character, income potential, dedicated parking and location.
Location
State CA
County Los Angeles
Area C17 - Mid-Wilshire
Interior
Laundry Inside
Exterior
Garage Spaces 3.0
Pool None
Community Features Urban
Building
Lot Description Gentle Sloping, Lawn
Sewer Public Sewer
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Nearby Locations
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John R Thompson
Broker/Owner License ID: 01200900
Broker/Owner License ID: 01200900