Located in Opportunity Zone! Onward Capital, as the exclusive broker, is excited to present this newly constructed 5-unit complex for sale, featuring two duplexes and a detached ADU. This is a rare opportunity to acquire a brand-new property in the heart of Los Angeles. The fully stabilized, cash-flowing asset generates over $25,500 per month and $309,000 annually, offering an impressive 5.75% cap rate. With no repairs or maintenance required and builder’s warranties included, this property stands out as a true pride-of-ownership investment. The complex comprises three detached, three-story buildings with thoughtfully designed layouts, including two 4-bedroom, 4.5-bath units; two 3-bedroom, 3.5-bath units; and one 2-bedroom, 2-bath unit. Each unit features top-of-the-line finishes, custom-designed kitchens, stainless steel appliances, and durable Hardy siding on the exterior, showcasing the highest standards of quality and craftsmanship.
Property Details
Price:
$3,995,000
MLS #:
25486671
Status:
Active
Baths:
0
Address:
1614 S Sycamore Avenue
Type:
Residential Income
Neighborhood:
c16midlosangeles
City:
Los Angeles
Listed Date:
Jan 21, 2025
State:
CA
ZIP:
90019
Lot Size:
9,264 sqft / 0.21 acres (approx)
Year Built:
2025
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Schools
Interior
Appliances
Dishwasher, Disposal, Microwave, Refrigerator, Trash Compactor
Cooling
Central Air
Heating
Central
Exterior
Parking Features
Detached Carport, Controlled Entrance, Driveway
Parking Spots
2.00
Stories Total
3
Financial
Map
Community
- Address1614 S Sycamore Avenue Los Angeles CA
- AreaC16 – Mid Los Angeles
- CityLos Angeles
- CountyLos Angeles
- Zip Code90019
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1614 S Sycamore Avenue
Los Angeles, CA
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