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10 Units | Sycamore District 846-848 N Sycamore Ave 10 Unit Apartment Building $3,417,625 CAD ($341,763 CAD/Unit) Los Angeles, CA 90038
Investment Highlights
- 10 Unit Spanish Character | Just 200 ft from the Sycamore District - LA's Newest Luxury Retail / Creative Destination
- High-Quality Remodeled Units: Featuring New Flooring, Designer Tiles and Fixtures, Bathrooms and Kitchens & Air Conditioning
- Amenities include secured entry system, attractive grounds, mature landscaping, and an on-site laundry room. Sepaeratrly metered.
- Adj. to Sight Glass Coffee, SuperVinyl, Tre Lune, Jeffrey Deitch, Mizlala, Lisson Gallery, Jacques Marie Mage, Just One Eye, Tartine, Ex Nihilo Paris
- Great Unit Composition: Studios, One & Two Bedroom Units | Significant Recent CapX Improvements Performed
Executive Summary
* 10 Units - Just 200 feet from the Sycamore District - LA's Newest Luxury Retail / Creative Destination with cutting edge galleries, must-visit restaurants and premier retail.
* Formerly an industrial back lot for Los Angeles’s motion picture industry — the thoroughfare is finally stepping into the spotlight. In the past few years, the neighborhood has welcomed Jay-Z’s Roc Nation studios, two groundbreaking art galleries, outposts of Paris and New York boutiques, and celebrity-filled restaurants.
Sycamore is the kind of place where you stumble onto an unassuming record store (Supervinyl) and find out it has hosted record-release parties for Beyoncé and the Rolling Stones. “There are so many creatives walking around day and night,” says Lina Lee, vice president of development for CIM Group, which was responsible for the makeover.
Here are the spots to know: Sight Glass Coffee, SuperVinyl, Tre Lune, Jeffrey Deitch, Mizlala, Lisson Gallery, Jacques Marie Mage, Just One Eye, Tartine, Ex Nihilo Paris
* Great Unit Composition: The front structure consists of six (6) Studio apartments, and the rear building has one
(1) 2-Bedroom/1-Bathroom unit, and three (3) 1-Bedroom/1-Bathroom units.
* High-Quality Remodeled Units: Featuring New Stylish Flooring, Designer Tiles and Fixtures, Updated Bathrooms
and Kitchens, Designer Appliances, A/C units, along with numerous original built-ins.
* Recent Capex and Building Upgrades: Each unit has been updated or undergone a complete remodel. In addition
to interior upgrades, ownership also conducted foundation repairs/retrofitting, brand-new plumbing and
electrical systems, new windows, and a new roof on the rear structure.
* Outstanding location situated At the center of Hollywood’s newly dynamic Sycamore corridor featuring Next
Gen cafés, retail spaces, and a vibrant creative scene.
* Highly Amenitized Sub-Market: Located Within Minutes of World-Class Dining, Shopping, and Entertainment
Venues
https://www.sycamoredistrict.com/contact.html
* Formerly an industrial back lot for Los Angeles’s motion picture industry — the thoroughfare is finally stepping into the spotlight. In the past few years, the neighborhood has welcomed Jay-Z’s Roc Nation studios, two groundbreaking art galleries, outposts of Paris and New York boutiques, and celebrity-filled restaurants.
Sycamore is the kind of place where you stumble onto an unassuming record store (Supervinyl) and find out it has hosted record-release parties for Beyoncé and the Rolling Stones. “There are so many creatives walking around day and night,” says Lina Lee, vice president of development for CIM Group, which was responsible for the makeover.
Here are the spots to know: Sight Glass Coffee, SuperVinyl, Tre Lune, Jeffrey Deitch, Mizlala, Lisson Gallery, Jacques Marie Mage, Just One Eye, Tartine, Ex Nihilo Paris
* Great Unit Composition: The front structure consists of six (6) Studio apartments, and the rear building has one
(1) 2-Bedroom/1-Bathroom unit, and three (3) 1-Bedroom/1-Bathroom units.
* High-Quality Remodeled Units: Featuring New Stylish Flooring, Designer Tiles and Fixtures, Updated Bathrooms
and Kitchens, Designer Appliances, A/C units, along with numerous original built-ins.
* Recent Capex and Building Upgrades: Each unit has been updated or undergone a complete remodel. In addition
to interior upgrades, ownership also conducted foundation repairs/retrofitting, brand-new plumbing and
electrical systems, new windows, and a new roof on the rear structure.
* Outstanding location situated At the center of Hollywood’s newly dynamic Sycamore corridor featuring Next
Gen cafés, retail spaces, and a vibrant creative scene.
* Highly Amenitized Sub-Market: Located Within Minutes of World-Class Dining, Shopping, and Entertainment
Venues
https://www.sycamoredistrict.com/contact.html
Property Facts
| Price | $3,417,625 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $341,763 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Gross Rent Multiplier | 11.9 | Building Size | 10,000 SF |
| No. Units | 10 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1926/2018 |
| Property Subtype | Apartment | ||
| Zoning | LAR2 | ||
| Price | $3,417,625 CAD |
| Price Per Unit | $341,763 CAD |
| Sale Type | Investment |
| Gross Rent Multiplier | 11.9 |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 10,000 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1926/2018 |
| Zoning | LAR2 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 6 | - | - |
| 1+1 | 3 | - | - |
| 2+1 | 1 | - | - |
1 1
Walk Score®
Walker's Paradise (95)
Property Taxes
| Parcel Number | 5525-006-004 | Improvements Assessment | $1,160,308 CAD |
| Land Assessment | $1,553,293 CAD | Total Assessment | $2,713,601 CAD |
Property Taxes
Parcel Number
5525-006-004
Land Assessment
$1,553,293 CAD
Improvements Assessment
$1,160,308 CAD
Total Assessment
$2,713,601 CAD
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10 Units | Sycamore District | 846-848 N Sycamore Ave
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