500 North Sycamore Avenue

Los Angeles, CA 90036

$3,563,000
Last Sold Price
11
Beds
13
Baths
7,466 Sq. Ft.
$477 / Sq. Ft.
7,466
Sq. Ft.
$477
per Sq. Ft.

Description

Welcome to 500 North Sycamore Avenue, a 9-unit apartment community located In one of LA's premier locations, Hancock Park. An exceptional unit composition consists of FIVE (5) 2 Bedrooms, THREE (3) 1 Bedrooms, and one Single with each unit averaging +/- 830 square feet. Parking is provided for 11 vehicles. The 9-unit apartment sits on a 7,429 square foot lot and is on arguably the best street in Hancock Park. The offering provides an opportunity for outstanding long term income growth and unparalleled...Welcome to 500 North Sycamore Avenue, a 9-unit apartment community located In one of LA's premier locations, Hancock Park. An exceptional unit composition consists of FIVE (5) 2 Bedrooms, THREE (3) 1 Bedrooms, and one Single with each unit averaging +/- 830 square feet. Parking is provided for 11 vehicles. The 9-unit apartment sits on a 7,429 square foot lot and is on arguably the best street in Hancock Park. The offering provides an opportunity for outstanding long term income growth and unparalleled capital preservation.
  1. Listed by Archie Robb • DRE #02002291 • Brokerage DRE #01208019 • Keller Williams Studio City
  2. Listed by Rich Johns • DRE #01432215 • Brokerage DRE #01208019 • KW Commercial Studio City

Property Details for 500 North Sycamore Avenue

Zoning
LARD1.5
Parcel Number
5525019012
Total Units
9.0
Living Area
7466
Source Living Area
Vendor Enhanced
Area
Hancock Park-Wilshire
Vacancy Rate
0
Lot Size Area
7429

Location

Listing Courtesy of Keller Williams Studio City, Archie Robb, DRE #02002291; KW Commercial Studio City, Rich Johns, DRE #01432215

Sold By Coldwell Banker Realty, Susan Lau, DRE #01516710; Coldwell Banker Realty, Eric Sackler, DRE #01057377

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LISTING UPDATED: 07/22/2022 04:48 PM

Property Details for 500 North Sycamore Avenue

StatusSold
MLS #22-146821
Days on Market53
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1959
Lot Size0.17 AC / 7,429 SF
CountyLos Angeles County

Location

Listing Courtesy of Keller Williams Studio City, Archie Robb, DRE #02002291; KW Commercial Studio City, Rich Johns, DRE #01432215

Sold By Coldwell Banker Realty, Susan Lau, DRE #01516710; Coldwell Banker Realty, Eric Sackler, DRE #01057377

Add your commute

Building Information for 500 North Sycamore Avenue

Stories2Residences-Year Built1959Building Size-Lot Size0.17 AC / 7,429 SF

Payment Calculator

$23,120 per month

30 year fixed, 7.25% Interest

Principal and Interest

$19,445

Property Taxes

$3,675

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 500 North Sycamore Avenue

Community / Development
Community / Development
  • Number Of Units: 9
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Residential
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $197,254
  • Net Operating Income: $127,048.00
  • Gross Income: $201,280
  • Cap Rate: 3.40%
  • Gross Rent Multiplier: $18.38
  • Total Annual Expense: 70206
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1706
  • Lot Size Square Feet: 7429
Parking Details
Parking Details
  • Parking Garage: Assigned
  • Total Parking: 11
  • Parking Features: Assigned
Interior Features
Interior Features
  • Cooling: None
  • Cooling Type: None
  • Heating: None
  • Heating Type: None
  • Equipment: None
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 04-15-2022
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,315.00
  • Unit Actual Rent: $6,944.00
  • Unit Projected Rent: $2,950.00
  • Like Units: 3
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $1,909.00
  • Unit Actual Rent: $3,817.00
  • Unit Projected Rent: $2,800.00
  • Like Units: 2
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,497.00
  • Unit Actual Rent: $4,490.00
  • Unit Projected Rent: $2,350.00
  • Like Units: 3
Unit 4 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,397.00
  • Unit Actual Rent: $1,397.00
  • Unit Projected Rent: $1,795.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $237,089.00
  • Assessed Improvement Percent: 43.68
  • Assessed Land Value: $305,746.00
  • Assessed Land Percent: 56.32
  • Assessed Total Value: $542,835.00

Property History for 500 North Sycamore Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 500 North Sycamore Avenue

Taxable ValueLand$3,000,000Additions$563,240Total$3,563,240
Tax Record2023$44,100 ($3,675 / month)
Home Facts
Total Finished SqFt7,466 SqFtAbove Grade Finished SqFt7,466 SqFtLot Size7,429 SqFtStyleMulti-Family Res (5+ Units)Year Built1959ZoningLARD1.5CountyLOS ANGELESAPN5525-019-012

Schools near 500 North Sycamore Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 6 to 8
Public - 9 to 12
Public - K to 5
Rating
School
Distance
Vine Street Elementary School
PublicK to 6

Hubert Howe Bancroft Middle School
Public6 to 8

Fairfax Senior High School
Public9 to 12

Melrose Elementary School
PublicK to 5

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.

Similar Homes

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Similar Sold Homes

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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 Keller Williams Studio City, Archie Robb, DRE #02002291; KW Commercial Studio City, Rich Johns, DRE #01432215

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.