Hollywood Sycamore Towers

11-30-2022
12-12-2022

1784 N Sycamore Ave, Los Angeles, CA 90028

Property Description

KW Commercial as exclusive listing agents, are pleased to present the Hollywood Sycamore Tower Apartments. The property is being offered for sale for the first time from the original builder/developer and operator from 1968 until now.
This 42-Unit apartment community is located in the highly sought-after Hollywood Hills sub-market and is adjacent to the popular Runyon Canyon hiking trails, The Magic Castle and Hollywood/Highland. The property provides a unique opportunity with strong & stable in-place income and further rental upside within one of the best rental markets in Los Angeles.
The Hollywood Sycamore Tower, consists of a Four (4) story, center hall plan apartment complex, constructed in 1968, with an excellent unit composition of Single/One Bath, One Bedroom/One Bath and One Bedroom w/ Den and Two Bath Units. The building amenity package includes elevator service, trash receptacles and laundry on all three residential levels. Gated intercom entry and parking for nearly all residents. Additional amenities include a heated swimming pool, sauna, fitness area and two bathrooms (in various levels of renovation). The Hollywood Sycamore Tower is fully parked for all residents.
The property is NOT on the list of buildings that require a soft-story seismic retrofit.

Thanks to its neighborhood feel, the Hollywood Hills is the perfect area for young professionals looking for a vibrant location and a community feel. The immediate area is continually growing with an ever-increasing mix of stylish boutiques, restaurants, bars, coffee shops, and everything in between.

Key Property Information

Listing Status
Available
Listing Type
Highest & best offer
Multifamily Type
Garden Style
Price
$ 12,500,000
No. of Units
42
Cap Rate
3.33%
GRM / GIM
16.68
Year Built
1968
Building Size
31,959 SF
Lot Size
0.36 acres
No. of Stories
4
Opportunity Zone
No
Price Per Unit
$ 297,619
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34.103746, -118.342953

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