617 North Sycamore Avenue Los Angeles, CA 90036

$6,599,000 11,744 sq. ft.

617 North Sycamore Avenue

 
Interior: 11,744 sq. ft. (approx.)
Lot Size: 16,315 sq. ft. (approx.)
Web #: 0028314
MLS ID: 19-454526
An incredibly rare offering; 10 units in Prime Hancock Park, comprised of 5 free-standing Duplexes on a HUGE 16,744 square foot lot, zoned LAR1.5 (offering multi-family development opportunity). Amazing scale and great frontage (90 linear feet) along beautiful & famed Sycamore Avenue. Huge 2-bedroom / 1-bathroom units averaging nearly 1,200 SF each! Each unit feels like a “home” and offers residents in-unit laundry and original details throughout. 10 parking spaces at rear of property. Exceptionally strong rental demand in the immediate area. Immense upside in rents. Build up to 12 "Small Lot Subdivision" homes in one of LA's hottest areas. Endless shops, restaurants & amenities in close proximity. Close to Studios, Hollywood, Tech Companies, Schools and more. A once in a lifetime opportunity to purchase this gem of an asset. Buyer to verify development potential with City of Los Angeles.


 
Darren Winston

m: (310) 709-8980
o: (310) 724-7000

agent-pic

DRE#:
1399200

Allen Roth

m: (310) 387-7087
o: (310) 724-7000

agent-pic

DRE#:
1272304

 
mes1448236800

Exterior Features

Type of Property
Multi-Family
This material is based upon information which we consider reliable, but because it has been supplied by third parties, we cannot represent that it is accurate or complete, and it should not be relied upon as such. This offering is subject to errors, omissions, changes including price or withdrawal without notice. EQUAL HOUSING OPPORTUNITY