4947 Sycamore Terrace
4947 Sycamore Terrace
$1,200,000
9
5
3,974
3,974
$302
Sold 7/16/21
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%....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!
- Listed by Eric Dilanian • DRE #01951699 • Brokerage DRE #01164364 • Remax Commercial and Investment Realty
Property Details for 4947 Sycamore Terrace
Zoning
LARD2
StyleCraftsman
Parcel Number5467015012
Total Units5.0
Living Area3974
Source Living AreaAssessor
AreaHighland Park (632)
Vacancy Rate3%
Location
LISTING UPDATED: 07/16/2021 10:30 AM
Property Details for 4947 Sycamore Terrace
Status | Sold |
---|---|
MLS # | 21-728516 |
Days on Market | 18 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1907 |
Lot Size | 0.44 AC / 19,367 SF |
County | Los Angeles County |
Location
Building Information for 4947 Sycamore Terrace
Stories-Residences-Year Built1907Building Size-Lot Size0.44 AC / 19,367 SF
Payment Calculator
$7,874 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 4947 Sycamore Terrace
Property History for 4947 Sycamore Terrace
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 4947 Sycamore Terrace
Taxable ValueLand$793,560Additions$428,630Total$1,222,190
Tax Record2023$15,900 ($1,325 / month)
Home Facts
Total Finished SqFt3,974 SqFtAbove Grade Finished SqFt3,974 SqFtLot Size17,918 SqFtStyleMulti-Family Res (5+ Units)Year Built1907ZoningLARD2CountyLOS ANGELESAPN5467-015-012
Schools near 4947 Sycamore Terrace
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 12 | |||
Public - | K to 8 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Aldama Elementary School PublicK to 5 | ||
Benjamin Franklin Senior High School Public6 to 12 | ||
Arroyo Seco Museum Science PublicK to 8 | ||
Highland Park Continuation School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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