MLS® ID: 19-454526
617 N SYCAMORE AVE
LOS ANGELES, California, 90036 $6,599,000
An incredibly rare offering; 10 units in Prime Hancock Park, comprised of 5 free-standing Duplexes on a HUGE 16,744 square foot lot, zoned LAR1.5 (offering multi-family development opportunity). Amazing scale and great frontage (90 linear feet) along beautiful & famed Sycamore Avenue. Huge 2-bedroom / 1-bathroom units averaging nearly 1,200 SF each! Each unit feels like a "home" and offers residents in-unit laundry and original details throughout. 10 parking spaces at rear of property. Exceptionally strong rental demand in the immediate area. Immense upside in rents. Build up to 12 "Small Lot Subdivision" homes in one of LA's hottest areas. Endless shops, restaurants & amenities in close proximity. Close to Studios, Hollywood, Tech Companies, Schools and more. A once in a lifetime opportunity to purchase this gem of an asset. Buyer to verify development potential with City of Los Angeles.