506 1/2 N Sycamore Avenue, Los Angeles, California 90036, Los Angeles, 90036 - 4 bed, 4 bath
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Los Angeles, California 90036
This Modern Single-Family Residence represents a Prime Investment Opportunity, listed at $1,360,000—positioned well below the $1,397,441 Fair Market Value by 2%. This valuation gap provides $37,441 in Instant Equity. Featuring a Brand New Construction (2026) Condition Rating, the home includes premium Bertazzoni appliances, solar panels, and a private rooftop deck with iconic city views. Ideally located near Melrose Avenue, this property is an ideal acquisition for Owner-Occupants seeking luxury or Buy-and-Hold Investors targeting high-demand urban markets.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 506 1/2 N Sycamore Avenue Subject | $1,360,000* List Price | 4 | 4 | 1,652 | $846 | - |
A 508 N Sycamore Avenue Active | $1,360,000 List Price | 4 | 4 | 1,665 | $817 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Brand new construction (2026) featuring modern architecture, designer finishes, premium Bertazzoni appliances, and energy-efficient systems including solar panels, tankless water heaters, and split HVAC.
As a 2026 build, the home features high-end Bertazzoni appliances, solar panels, and tankless water heaters, offering a turnkey, energy-efficient lifestyle with contemporary designer finishes.
The private rooftop deck provides exceptional panoramic views of the Griffith Observatory, the Hollywood Sign, and the western skyline, serving as a premier space for outdoor entertaining.
Ideally situated near Melrose Avenue and Larchmont Village, the property offers high walkability to some of Los Angeles' most sought-after dining, shopping, and neighborhood amenities.
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 = 1225. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
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.
The small-lot subdivision design prioritizes vertical living and rooftop access over traditional yard space, which may be a drawback for buyers with pets or those seeking a private 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 |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 4.0 | 2.0 |
| Square foot | 1,652 | 1,672 |
| Lot Size | 1,449 | 6,067 |
| Price | $1.36M | $1.37M |
| Price per sq ft | $823 | $801 |
| Built year | 2026 | 1939 |
| HOA | $200.0 | $348 |
| Days on market | 6 | 56 |
Jul 16, 2026
$1,360,000
Initial Listing
Dec 27, 2018
$1,810,000
Public Record