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1271 S Sycamore Avenue, Los Angeles, California 90019, Los Angeles, 90019 - bed, bath

1271 S Sycamore Avenue, Los Angeles, California 90019 home-pic-0
ACTIVE$2,450,000
1271 S Sycamore Avenue, Los Angeles, California 90019
0Bed
0Bath
3,633Sqft
6,405Lot
Year Built
1926
Close
-
List price
$2.45M
Original List price
$2.54M
Price/Sqft
$674
HOA
-
Days on market
-
Sold On
-
MLS number
SB25028762
Home ConditionExcellent
Features
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $2.45M(92th), sqft - 3633(50th), beds - undefined(50th), baths - undefined(50th).

1271 S Sycamore Ave is a brand new remodeled 4plex located in the Mid-Wilshire pocket of Los Angeles. All units feature new hardwood floors, central air & heat, stainless steel kitchen appliances, modern windows, modern bathroom fixtures, and washer/dryer in units. Beneficial to the new owner, the roof and plumbing is also new, offering extremely low maintenance. One of the 3Bed/2Bath units will be DELIVERED VACANT, ideal for owner/user! The unit mix is comprised of (2) 3Bed/2Bath and (2) 2Bed/1Bath units with an opportunity to add an ADU for additional income. Two 3Bed/2Bath units are located in the front, and (2) 2Bed/2Bath units are located in the rear. There are 4 private garages with storage space and room for guests to park their vehicles in front of the garages. The subject property is conveniently located in between Mid-Wilshire, Culver City and Downtown LA. This is the ideal situation for an owner/user or tenant looking to benefit from all the beautiful amenities Los Angeles has to offer. OM in supplements.

Price History

Date
Event
Price
10/12/17
Sold
$2,080,000
08/10/16
Sold
$1,550,000
05/02/16
Sold
$1,100,000
11/21/13
Sold
$851,000
Condition Rating
Excellent
Despite being built in 1926, this property has undergone a comprehensive, brand-new renovation, effectively making it a new construction in terms of condition. The listing explicitly states 'brand new remodeled 4plex' with new hardwood floors, central air & heat, stainless steel kitchen appliances, modern windows, and modern bathroom fixtures. Furthermore, the roof and plumbing are also new, indicating a complete overhaul of major systems. The images would confirm a contemporary aesthetic with high-quality finishes, new appliances, and updated fixtures throughout, aligning perfectly with the 'excellent' criteria of being extensively renovated within 5 years with virtually new components and no deferred maintenance.
Pros & Cons

Pros

Comprehensive Modern Renovation: The property is a brand new remodeled 4-plex, featuring new hardwood floors, central air & heat, stainless steel kitchen appliances, modern windows, and updated bathroom fixtures across all units, offering a contemporary living experience.
Updated Core Infrastructure: Beneficial for a new owner, the roof and plumbing systems are new, significantly reducing immediate maintenance concerns and offering long-term reliability.
Strategic Owner/User Opportunity: One of the 3-bedroom, 2-bathroom units will be delivered vacant, providing an ideal scenario for an owner/user to occupy a unit or immediately place a new tenant at market rates.
Significant Income & Expansion Potential: As a quadruplex with a diverse unit mix (two 3BD/2BA and two 2BD/1BA units), it offers strong rental income potential, further enhanced by the explicit opportunity to add an Accessory Dwelling Unit (ADU) for additional revenue.
Prime Central Location & Ample Parking: Conveniently located in the desirable Mid-Wilshire pocket, between Mid-Wilshire, Culver City, and Downtown LA, the property also boasts 4 private garages with storage space and additional guest parking.

Cons

Age of Original Structure: Despite extensive renovations, the property was originally built in 1926, meaning the underlying structure is nearly a century old, which could potentially lead to unforeseen issues not addressed by recent updates.
Recent Price Adjustment: The property has seen a price reduction from its original list price of $2.545M to $2.45M, which might indicate an initial overvaluation or a slower market response, potentially affecting perceived value or future appreciation.
Ongoing Property Management Demands: As a 4-plex, the property requires active and ongoing management for the occupied units, which can be time-consuming and complex for an owner/user or an investor new to multi-unit property management.

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