Listing provided courtesy of Serena Shlomof of Onward Capital, Inc.. Last updated 2025-01-30 09:11:25.000000. Listing information © 2024 CRMLS.
Asking Price: $3,995,000
1614 Sycamore, Los Angeles CA 90019
Community: C16 - Mid Los Angeles
Status: Active
This property was built in 2025 and is priced at $3,995,000. Please see the additional details below.
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 $25,000 per month and $306,000 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.