336 N Sycamore Ave - Art-Deco Townhomes in Hancock Park 10 Unit Apartment Building Offered at $8,645,218 CAD at a 4.66% Cap Rate Los Angeles, CA 90036

332-336 N. Sycamore Avenue, a 10-unit Art-Deco apartment building, is offered for sale for the first time in many decades.
The property possesses all of the characteristics that define a trophy asset—location, architecture, scale, and irreplaceability. The offering has not undergone the type of transformative enhancements that could unlock its full potential, thus creating a rare opportunity to take an exceptional asset to an even higher level.
332-336 North Sycamore Avenue, a 10-Unit Art Deco-designed multifamily Courtyard, built in 1937, is located on Hancock Park’s most sought-after streets. The unit composition includes eight (8) Townhomes and Two (2) Penthouses encompassing a total of 15,460 SF of improvements. The offering is situated on two separate parcels with a combined 15,628 SF of land. The buildings face each other, creating a tranquil courtyard atmosphere.
Designed by noted architect Raphael A. Nicolais, this iconic courtyard property features four structures (two apartment structures and two carport structures in the rear). It is situated on two separate parcels totaling 15,628 square feet on arguably the best street in the Hancock Park within the heart of LA culture.
The apartment homes feature classic 1930s design with eight (8) units consisting of two-bedroom, one-and-one-half-bath townhomes and two (2) penthouses.

This property retains all of the qualities that make it truly irreplaceable, yet years of limited enhancement create an opportunity for new ownership to reposition and elevate the asset to its highest expression.
Possible TIC or Condo-Conversion Opportunity. Long-term income growth potential and unparalleled capital preservation.
SEE ATTACHED OFFERING MEMORANDUM, RENT ROLL, FINANCIAL SUMMARY | DO NOT WALK PROPERTY