4947 Sycamore Terrace

Los Angeles, CA 90042

$1,200,000
Last Sold Price
9
Beds
5
Baths
3,974 Sq. Ft.
$302 / Sq. Ft.
3,974
Sq. Ft.
$302
per Sq. Ft.

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!
  1. Listed by Eric Dilanian • DRE #01951699 • Brokerage DRE #01164364 • Remax Commercial and Investment Realty

Property Details for 4947 Sycamore Terrace

Zoning
LARD2
Style
Craftsman
Parcel Number
5467015012
Total Units
5.0
Living Area
3974
Source Living Area
Assessor
Area
Highland Park (632)
Vacancy Rate
3%

Location

Listing Courtesy of Remax Commercial and Investment Realty, Eric Dilanian, DRE #01951699

Sold By Remax Commercial and Investment Realty, Eric Dilanian, DRE #01951699

Add your commute
LISTING UPDATED: 07/16/2021 10:30 AM

Property Details for 4947 Sycamore Terrace

StatusSold
MLS #21-728516
Days on Market18
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1907
Lot Size0.44 AC / 19,367 SF
CountyLos Angeles County

Location

Listing Courtesy of Remax Commercial and Investment Realty, Eric Dilanian, DRE #01951699

Sold By Remax Commercial and Investment Realty, Eric Dilanian, DRE #01951699

Add your commute

Building Information for 4947 Sycamore Terrace

Stories-Residences-Year Built1907Building Size-Lot Size0.44 AC / 19,367 SF

Payment Calculator

$7,874 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,549

Property Taxes

$1,325

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 4947 Sycamore Terrace

Community / Development
Community / Development
  • Number Of Units: 5
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 3
  • Type Of Units: Investment
  • View: Yes
  • View Description: Hills
  • View: Hills
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $66,920
  • Net Operating Income: $38,310.00
  • Gross Income: $68,990
  • Gross Rent Multiplier: $20.29
  • Total Annual Expense: 28610
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.4114
  • Lot Size Square Feet: 19367
  • Lot Description: 2-4 Lots
Parking Details
Parking Details
  • Parking Garage: Assigned
  • Total Parking: 9
  • Parking Features: Assigned
Interior Features
Interior Features
  • Cooling: Wall/Window Unit(s)
  • Cooling Type: Wall/Window
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Other
Exterior Features
Exterior Features
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 05-06-2021
  • Rent Control: Yes
  • Rent Control: 100
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,424.00
  • Unit Actual Rent: $4,849.00
  • Unit Projected Rent: $7,000.00
  • Like Units: 2
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $450.00
  • Unit Actual Rent: $900.00
  • Unit Projected Rent: $5,400.00
  • Like Units: 3
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $71,045.00
  • Assessed Improvement Percent: 47.3
  • Assessed Land Value: $79,166.00
  • Assessed Land Percent: 52.7
  • Assessed Total Value: $150,211.00

Property History for 4947 Sycamore Terrace

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Remax Commercial and Investment Realty, Eric Dilanian, DRE #01951699

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.