4947 Sycamore Ter, Los Angeles, CA 90042

$1,400,000
9
BD
5
BA
3,974
SqFt
List Price
$1,400,000
MLS#
21-728516
Year Built
1907
Bedrooms
9
Bathrooms
5
Living Sq. Ft
3,974
Lot Size
19,367
Days on Market
18
Property Type
Multifamily
Style
Craftsman

Property Description

We are pleased to present for sale a charming 5 Unit, value-add multifamily building with a nearly FLAT 19,367 Square Foot Lot in one of LA's Hottest Locations - Highland Park! The property appeals to an astute apartment investor looking to add significant value by unit renovations as well as potential ADU developments. There is approximately 116% upside potential by renovating two (3 Bedroom and 1 Bathroom Units) and 3 (1 Bedroom and 1 Bathroom Units). Market GRM of 9.41 and Market Cap Rate of 7.95%. There are 3 individual structures on the site allowing for above market rents. The property is zoned RD2-1 and is located in Highland Park's Historic Preservation Overlay Zone (HPOZ) and in a Tier 3 Transit Oriented Community (TOC). Buyer to conduct ANY/ALL due diligence including but not limited to the development feasibility, HPOZ limitations, historical preservation, contributing status of property/structures, etc. PLEASE DO NOT DISTURB TENANTS!

Additional Information

Lot Description
2-4 Lots
Other Buildings
None
Heat
Wall
Cooling
Wall/Window
View
Hills
Number of Cars in Garage
Assigned

Mortgage Calculator

Amount of Loan
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Calculator source: Real Geeks

Courtesy of , Eric Dilanian - CA DRE#

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