
Los Angeles, California 90019
This 1928 Spanish-style duplex presents a High-Potential Investment Opportunity with a List Price of $1,770,000—positioned above the $1,658,356 Fair Market Value. While requiring a comprehensive renovation due to its Condition Rating of 5, the property offers significant Value-Add Potential through its expansive 3,906 square feet of living space. Located in the prime Miracle Mile/Mid-Wilshire area, this asset is ideal for Buy-and-Hold Investors or Owner-Occupants seeking to renovate one unit while generating rental income from the second.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1118 S Sycamore Subject 0 bd · 0 ba · 3,906 sqft · $428 | $1,699,000* List Price | 0 | 0 | 3,906 | $428 | - |
A 1036 S Citrus Avenue Sold 0 bd · 0 ba · 3,096 sqft · $459 · 0.3 mi | $1,420,000 | 0 | 0 | 3,096 | $459 | 0.3 mi |
B 4916 W 12th Active 0 bd · 0 ba · 3,912 sqft · $358 · 0.3 mi | $1,399,900 List Price | 0 | 0 | 3,912 | $358 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1928 and off the market for nearly 30 years, this property requires a full rehab. The listing description explicitly calls for a 'thoughtful renovation' to bring it back to its 'original glory.' Visuals show significant wear on original hardwood floors, dated linoleum, and aged plaster/woodwork, suggesting that kitchens, bathrooms, and core systems (HVAC/Electric) are likely well beyond their functional lifespan.
Situated in the highly sought-after Miracle Mile/Mid-Wilshire area, the property offers exceptional proximity to major employment hubs and premier destinations like The Grove, Beverly Hills, and West Hollywood.
With each unit spanning approximately 1,950 square feet, the property offers a rare residential scale and expansive floor plans that are increasingly difficult to find in the local duplex market.
The 1928 Spanish-style architecture and original character provide a perfect foundation for a renovation that can significantly increase property value and rental income upside.
The property is noted as needing restoration to return to its original glory, implying deferred maintenance and the need for a substantial capital injection for modern upgrades.
Built in 1928 and held by the same owner for nearly 30 years, the property likely requires updates to major systems like plumbing and electrical to meet current building standards.
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.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.5 |
| Baths | 0.0 | 2.9 |
| Square foot | 3,906 | 2,090.331 |
| Lot Size | 5,861 | 5,852.908 |
| Price | $1.70M | $830.9K |
| Price per sq ft | $435 | $394 |
| Built year | 1928 | 1928 |
| HOA | $0 | $0 |
| Days on market | 59 | 87 |
Nov 6, 2026
$1,699,000
$1,770,000
-4% Price Drop
Initial Listing
Sep 11, 2026
$1,770,000
Initial Listing
Dec 3, 1998
$276,000
Public Record