Description
NOW OVER 6% CAP RATE! 1842 Sycamore Ave is an OPPORTUNITY ZONE luxury-home style fourplex in prime Mid-City that boasts NO RENT CONTROL, all massive 5 bedroom, 5 bathroom units, and EVERY upgrade you can possibly imagine. From ultra-premium finishes to a security system, pre-wired internet, high end appliances (some units even have 2 SETS of washers and dryers for added tenant convenience!), and more, this is like no other new construction fourplex you’ve seen. If you are looking for a sky high projected cap rate of 6.07%, this is the deal for you!
This developer has put out the most luxurious multi-family developments in Mid-City, and they have continually drawn outstanding tenants at the highest rents in the area. The heightened level of quality truly sets this property apart! Whether you’re an owner occupier looking to make a strategic purchase (instead of buying a house with the current rates, buy multi-family and have tenants pay the mortgage!) or an investor searching for high quality, high return product, 1842 Sycamore is the dream purchase!
This highly-upgraded fourplex boasts: LG washer & dryers (6 full sets throughout the 4 units), pre-wired Cat-6 internet + HDMI in every room, a 4-camera HD security system, a motorized security driveway gate, stainless steel kitchen appliances, countless balconies with amazing views throughout, a private rear yard, cutting-edge Austrian kitchen cabinets with metal channels, 1/2 inch premium porcelain (stain-resistant) countertops, high-end European walk-in closets with next-level built-ins (+ massive closets with 3-panel doors), high ceilings, walk-in showers, top-notch back framed windows, luxury SPC engineered flooring (water and scratch proof), floating cabinets in all bathrooms, designer 4’ tiles, 8 permitted parking spaces (2 two-car garages and 4 exterior spaces) + room for 1 more car, and spacious, open floorplans. Plus, a 1-year builder’s warranty, minimal maintenance, and separate meters for gas, water & electric!
Located a 10-minute walk from the Midtown Shopping Center on Venice Blvd and an 8-minute drive from Culver City and the countless hotspots in the area, including the Helms Bakery District, the Culver City Steps (Amazon Studios headquarters), Ivy Station (HBO headquarters), Platform, and the Cumulus development (Whole Foods). With the large quantity of entertainment, tech, and creative jobs in the area, 1842 S Sycamore attracts high quality professional tenants.
Location
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Listing Agent: Elizabeth Maddox Courtesy of: The 2-4 Unit Specialists The real estate listing information is provided by California Regional MLS, Inc. and/or CARETS® for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing or leasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS, Inc. and/or CARETS®. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns the web site. Information is deemed reliable but not guaranteed, and consumer is responsible for verifying the accuracy of all information. Copyright © California Regional MLS, Inc. and/or CARETS®. All Rights Reserved. Updated: 8th February, 2023 1:25 PM (UTC)
