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Edie Israel

[email protected] +1(714) 623-3543

$ 3,999,000

Est. payment -/mo

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Active

1842 S Sycamore AVE Los Angeles, CA 90019

24 Beds

20 Baths

6,623 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 6,623 sqft

Price per Sqft $603

MLS Listing ID 26636697

Bedrooms 24

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 2022

Lot Size 6,250 Sqft

Property Description

"Proven and Durable Income Stream" A rare opportunity to acquire a purpose-built, income-driven luxury fourplex in the heart of prime Mid-City Los Angeles. 1842-1844 S. Sycamore Avenue is a fully permitted, non-rent-controlled (not subject to RSO) asset offering exceptional scale, flexibility, and strong in-place performance, tailored to the sophisticated short-term rental investor. The short-term rental operation generates over $500,000 in gross annual income, supporting a market-leading 8.82% cap rate and an estimated NOI of approximately $353,000, based on the current list price and a full operating expense assumption. This level of yield is exceptional for Los Angeles and difficult to replicate with traditional multifamily assets. For buyers evaluating a stabilized long-term rental strategy, the property also supports a projected NOI of approximately $231,000, representing an estimated 5.77% cap rate based on projected market rents and standard operating expenses.Built in 2022, this modern fourplex sits on a 6,253-square-foot lot and consists of four expansive six-bedroom, five-bathroom residences (24 bedrooms, 20 bathrooms total), encompassing approximately 6,623 square feet (per public records). Each residence is finished to a luxury hospitality standard, featuring European-style designer kitchens, premium porcelain countertops, stainless steel appliances, LG washers and dryers in each unit, luxury SPC engineered flooring, floating bathroom cabinetry, walk-in showers, high ceilings, and expansive open-concept floor plans.The property is fully tech-enabled, with Cat-6 internet and HDMI pre-wired in every room, making it ideal for short-term guests, executives, and remote professionals. Additional highlights include a controlled gated driveway, HD multi-camera security system, private rear yard, multiple balconies, and 10 parking spaces, consisting of two 2-car covered garages (four garage spaces) and six exterior spaces. The asset is currently operated as a short-term rental business, with the option to rent each bedroom individually. Every bedroom is designed for independent occupancy and features a private bathroom and digital lock, allowing for efficient management, flexible pricing, and optimized income potential. For buyers seeking a traditional strategy, the property may also be repositioned for long-term leasing. Market rents are projected at approximately $6,500 per unit, depending on final configuration and leasing strategy, with potential upside if units are reconfigured to restore living rooms to more conventional layouts. Buyers should note that returning the units to traditional five-bedroom configurations may require additional capital, making the current layout best suited for operators focused on short-term or flexible rental models.Delivered vacant at close of escrow, this asset offers immediate flexibility and income generation for a buyer to continue the high-performing short-term rental model or reposition as desired. Properties of this quality, scale, and income profile particularly those not subject to rent control rarely come to market.Ideally located just minutes from Culver City, Ivy Station, The Platform, and major entertainment and technology hubs, the property benefits from consistent demand driven by entertainment, tech, and creative professionals. Showings by accepted offer only. Drive-by only. Do not disturb occupants.

Location

State CA

County Los Angeles

Area C16 - Mid Los Angeles

Zoning LARD1.5

Interior

Heating Central

Cooling Central Air

Fireplaces Type None

Fireplace No

Appliance Gas Cooktop, Disposal, Microwave, Oven, Refrigerator, Dryer, Washer

Exterior

Parking Features Controlled Entrance, Door-Multi, Driveway, Garage

Pool None

Total Parking Spaces 10

Private Pool No

Building

Story 3

Entry Level Three Or More

Architectural Style Modern

Level or Stories Three Or More

New Construction No

Construction Status Updated/Remodeled

Others

Senior Community No

Tax ID 5067016023

Security Features Carbon Monoxide Detector(s)

Special Listing Condition Standard

Listed by Jennie Martin Compass

NEARBY SCHOOLS & PROPERTIES

SCHOOLSPROPERTIES

Elementary Schools 20

9

Beverly Vista School

Public | KG - 8
9

Canfield Avenue Elementary School

Public | KG - 5
9

Horace Mann School

Public | KG - 8
8

Hancock Park Elementary

Public | KG - 5
8

Melrose Avenue Elementary School

Public | KG - 6
8

3rd Street Elementary School

Public | KG - 5
8

Queen Anne Place Elementary School

Public | KG - 5
7

Linwood E. Howe Elementary School

Public | KG - 5
7

Baldwin Hills Elementary School

Public | KG - 5
7

New Heights Charter

Public | KG - 8
6

Marvin Avenue Elementary

Public | KG - 5
6

Cienega Elementary School

Public | KG - 5
6

Wilshire Park Elementary

Public | KG - 5
6

Van Ness Avenue Elementary

Public | KG - 5
6

Kim Elementary School

Public | KG - 5
6

Cahuenga Elementary School

Public | KG - 5
5

Shenandoah Street Elementary School

Public | KG - 5
5

Rosewood Avenue Elementary

Public | KG - 5
5

City Charter Elementary School

Public | KG - 5
5

Celerity Nascent Charter

Public | KG - 8

Middle Schools 15

8

Los Angeles Center for Enriched Studies

Public | 6 - 12
6

New los Angeles Charter

Public | 6 - 8
6

John Burroughs Middle School

Public | 6 - 8
5

Pico Pico Middle School

Public | 6 - 8
4

Foshay Learning Center

Public | 6 - 12
1

Audubon Middle School

Public | 6 - 8
1

View Park Preparatory Accelerated Charter Middle School

Public | 6 - 8
1

Johnnie Cochran Jr. Middle School

Public | 6 - 8
1

Barack Obama Global Preparation Academy

Public | 6 - 8
0

Yeshivat Ohr Chanoch

Private | 8 - 12
0

Star Preparatory Academy

Private | 6 - 12
0

Urban Village Middle School

Public | 6 - 8
0

Marlborough School

Private | 7 - 12
0

Frederick Douglass Academy Middle School

Public | 6 - 8
0

Joseph Pomeroy Widney High School

Public | 6 - 12

High Schools 20

7

Fairfax High School

Public | 9 - 12
7

Math and Science College Preparatory

Public | 9 - 12
7

Frederick Douglass Academy High School

Public | 9 - 12
6

Crenshaw Arts-Technology Charter High School

Public | 9 - 12
5

Alexander Hamilton High School

Public | 9 - 12
3

Los Angeles High School

Public | 9 - 12
1

Dorsey High School

Public | 9 - 12
1

Crenshaw Magnet High School

Public | 9 - 12
0

Cheviot Hills Continuation

Public | 9 - 12
0

Yula Girls High School

Private | 9 - 12
0

Mesivta Birkas Yitzchok

Private | 9 - 12
0

Shalhevet High School

Private | 9 - 12
0

Shalhevet School

Private | 9 - 12
0

Harkham-Gaon Acadamy

Private | 9 - 12
0

Whitman Continuation

Public | 9 - 12
0

Shaarei Torah California Rabbinical College

Private | 9 - 12
0

Bais Yaakov School for Girls

Private | 9 - 12
0

Yeshiva Gedolah of los Angeles

Private | 9 - 12
0

View Park Continuation

Public | 9 - 12
0

Yeshiva Ohr Elchonon Chabad - West Coast

Private | 9 - 12

School and business data provided by Attom Data.

Edie Israel

Agent | License ID: 01399225

+1(714) 623-3543

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Yorba Linda, CA

Edie Israel

1842 S Sycamore AVE Los Angeles, CA 90019

Key Details

Location

Interior

Exterior

Building

Others

NEARBY SCHOOLS & PROPERTIES

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1842 S Sycamore AVE