506 1/2 N Sycamore Avenue, Los Angeles, California 90036, Los Angeles, 90036 - 4 bed, 4 bath
Loading property details...
Los Angeles, California 90036
This Modern New Construction Residence is a Prime Investment Opportunity listed at $1,450,000—positioned well below the $1,489,063 Fair Market Value by 2%. This valuation offers $39,063 in Instant Equity for a home with a Pristine Condition Rating. Featuring Bertazzoni appliances, solar panels, and a private rooftop deck with views of the Hollywood Sign, this property delivers a high-end lifestyle near Melrose Avenue. It is the perfect fit for Luxury Homebuyers or Urban Professionals seeking a sophisticated, move-in-ready sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 506 1/2 N Sycamore Avenue Subject | $1,450,000* List Price | 4 | 4 | 1,652 | $901 | - |
A 508 N Sycamore Avenue Active | $1,450,000 List Price | 4 | 4 | 1,665 | $871 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
This is a brand-new construction property (built in 2026) featuring high-end modern architecture and premium finishes throughout. The home includes a designer kitchen with Bertazzoni appliances, contemporary bathrooms with sleek vertical tile work and modern vanities, energy-efficient split HVAC systems, and solar panels. All components are new, meeting the highest current quality standards with no physical depreciation.
Built in 2026, this home features high-end Bertazzoni appliances, energy-efficient solar panels, and a unique air-gap design that ensures the privacy and feel of a detached single-family residence.
The private rooftop deck provides a spectacular outdoor living space with sweeping views of the Hollywood Sign, Griffith Observatory, and the Los Angeles skyline.
Ideally situated near Melrose Avenue and Larchmont Village, the property offers immediate access to premier dining, boutique shopping, and the vibrant neighborhood charm of Hancock Park.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =1449, other record lot size in square feet = 7430. Living area discrepancy between mls listing and other public or private record. mls listing living area = 1652, other record living area = 2502.
The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 1449, living area = 1652.
As a small-lot subdivision home, the property lacks a traditional backyard or private green space, which may be a drawback for pet owners or those seeking a conventional garden.
Introducing THE ELLWOOD, an exclusive new collection of five thoughtfully designed small-lot single-family homes where modern architecture meets elevated Los Angeles living. Each residence is separated by an air gap for enhanced privacy and individuality, offering the feel of a standalone home within a boutique community. This collection presents a curated selection of thoughtfully designed residences ranging from approximately 1,225 to 1,665 square feet, offering spacious 2 bedroom to 4 bedroom layouts with well-appointed, multi-bath configurations. Each home is crowned by a private rooftop deck showcasing sweeping views of the Griffith Observatory, the Hollywood Sign, and the western skyline. Interiors are appointed with designer finishes and premium Bertazzoni appliance suites, complemented by energy-efficient features such as solar panels, tankless water heaters, and modern split HVAC systems. Four homes include attached two-car garages, while one offers a convenient two-car carport. Ideally situated near Melrose Avenue and Larchmont Village, THE ELLWOOD places you moments from some of the city's best dining, shopping, and neighborhood charm--offering a rare opportunity to enjoy new construction living in one of Los Angeles' most vibrant and sought-after locations. Photos are of the model unit and may not represent the specific unit available for sale. All finishes and fixtures are similar throughout the development.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 4.0 | 3.0 | 64% |
| Square foot | 1,652 | 2,385.5 | 18% |
| Lot Size | 1,449 | 6,808.5 | 2% |
| Price | $1.45M | $2.14M | 14% |
| Price per sq ft | $878 | $920 | 43% |
| Built year | 2026 | 1926 | 98% |
| HOA | $200.0 | $0 | 98% |
| Days on market | 30 | 192 | 5% |
Mar 23, 2026
$1,450,000
Initial Listing
Dec 27, 2018
$1,810,000
Public Record