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Multifamily

1118 S Sycamore Ave

1118 S Sycamore Ave, Los Angeles, CA 90019

Listing Price: $1,999,990

Cap Rate
2.10%
Number of Units
2
Price/Unit
$999,995
Price/Gross SF
$512.03
Gross SF
3,906

Investment Overview

Marcus & Millichap is pleased to announce the opportunity to purchase 1118 S Sycamore Avenue, a beautiful duplex in the highly desirable Miracle Mile neighborhood of Los Angeles, CA. This Spanish Colonial Revival building is well-located, with Beverly Grove and Hancock Park only a short drive away. The Miracle Mile neighborhood boasts beautiful homes, plenty of dining, and is not far from both The Farmers Market and The Grove. The duplex consists of two large three-bedroom units with floorplans that average approximately 1,950 square feet. Unit interiors include some of the most sought-after character elements in the Miracle Mile area, such as interior archways, sloped fireplaces, high ceilings, hardwood floors, and large windows allowing plenty of natural light. The upstairs unit has a quaint balcony that looks out onto the quiet street. The exterior embraces this same architectural style, with rounded archways, Spanish tile roof, and textured stucco walls, all complimented by mature landscaping. The units also include their own individual water heaters. The Miracle Mile neighborhood has been experiencing plenty of new capital investments in the form of renovations and full remodels, only adding to the charm of the area. Miracle Mile is slated to have even more capital coming in via the Wilshire Courtyard, a high-rise office building, and the Mirabel, an Art Deco-inspired tower with 348 apartments and ground-floor retail. It has a been a highly desirable submarket for years, a trend that many investors expect to continue.

Investment Highlights

  • Outstanding Miracle Mile Location -- One of the Most Desirable Multifamily Submarkets in Los Angeles
  • All Three-Bedroom Units with Spacious Floorplans Averaging Approximately 1,950 Square Feet
  • Attractive Price per Square Foot for Duplexes in Miracle Mile
  • Short Drive to Beverly Hills, Hancock Park, The Grove, and Farmers Market
  • Beautiful Spanish-Style Duplex with Tons of Character
  • Individual Water Heaters in Each Unit
  • Three Garage and Three Open Parking Spaces
  • Very Clean and Well-Maintained Building and Grounds

Exclusively Listed By

Financing By

Multifamily

1118 S Sycamore Ave

Listing Price: $1,999,990

Cap Rate
2.10%
Number of Units
2
Price/Unit
$999,995
Price/Gross SF
$512.03
Gross SF
3,906

Investment Highlights

  • Outstanding Miracle Mile Location -- One of the Most Desirable Multifamily Submarkets in Los Angeles
  • All Three-Bedroom Units with Spacious Floorplans Averaging Approximately 1,950 Square Feet
  • Attractive Price per Square Foot for Duplexes in Miracle Mile
  • Short Drive to Beverly Hills, Hancock Park, The Grove, and Farmers Market
  • Beautiful Spanish-Style Duplex with Tons of Character
  • Individual Water Heaters in Each Unit
  • Three Garage and Three Open Parking Spaces
  • Very Clean and Well-Maintained Building and Grounds

Investment Overview

Marcus & Millichap is pleased to announce the opportunity to purchase 1118 S Sycamore Avenue, a beautiful duplex in the highly desirable Miracle Mile neighborhood of Los Angeles, CA. This Spanish Colonial Revival building is well-located, with Beverly Grove and Hancock Park only a short drive away. The Miracle Mile neighborhood boasts beautiful homes, plenty of dining, and is not far from both The Farmers Market and The Grove. The duplex consists of two large three-bedroom units with floorplans that average approximately 1,950 square feet. Unit interiors include some of the most sought-after character elements in the Miracle Mile area, such as interior archways, sloped fireplaces, high ceilings, hardwood floors, and large windows allowing plenty of natural light. The upstairs unit has a quaint balcony that looks out onto the quiet street. The exterior embraces this same architectural style, with rounded archways, Spanish tile roof, and textured stucco walls, all complimented by mature landscaping. The units also include their own individual water heaters. The Miracle Mile neighborhood has been experiencing plenty of new capital investments in the form of renovations and full remodels, only adding to the charm of the area. Miracle Mile is slated to have even more capital coming in via the Wilshire Courtyard, a high-rise office building, and the Mirabel, an Art Deco-inspired tower with 348 apartments and ground-floor retail. It has a been a highly desirable submarket for years, a trend that many investors expect to continue.

Exclusively Listed By

Financing By

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