Description
We are pleased to present 1214 S.Sycamore; this beautifully renovated Spanish two-unit income property is located in the highly desirable Hancock Park adjacent Miracle Mile district and is a one-of-a-kind investment opportunity. Both units have been FULLY renovated down to the studs in 2018, including new plumbing, electrical, water heater, central HVAC, drywall, bathrooms, kitchen, windows, refinished oakwood flooring, foundation and paint. Each unit includes; three bedrooms, two bathrooms, a kitchen, breakfast nook, dining room, living room, and laundry room. The upstairs unit includes two beautiful balconies, and the property has a three-car detached garage. These units feature new dishwashers, refrigerators, stoves, and washer/dryers, including garbage disposals and filtered water supply. The Landscaping was designed by renowned landscape architect Jay Griffith and included a magical, spacious backyard and lawn. The floor plan also allows for very easy conversion into a single-family house. Therefore, the new owner could easily occupy one unit while converting the other unit. Both teams are currently leased out, and the property receives $110,00 per year in rental income from the two one-year leases. The current leases expire in February and April of 2023. These units are highly desirable and easy to lease as they are ideal and sought-after for people who work in Beverly Hills, West Hollywood, Hollywood, Culver City, Mid City, and Downtown LA. Living space per unit: 1887 sqft.
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0BEDS
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0.16ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
We are pleased to present 1214 S.Sycamore; this beautifully renovated Spanish two-unit income property is located in the highly desirable Hancock Park adjacent Miracle Mile district and is a one-of-a-kind investment opportunity. Both units have been FULLY renovated down to the studs in 2018, including new plumbing, electrical, water heater, central HVAC, drywall, bathrooms, kitchen, windows, refinished oakwood flooring, foundation and paint. Each unit includes; three bedrooms, two bathrooms, a kitchen, breakfast nook, dining room, living room, and laundry room. The upstairs unit includes two beautiful balconies, and the property has a three-car detached garage. These units feature new dishwashers, refrigerators, stoves, and washer/dryers, including garbage disposals and filtered water supply. The Landscaping was designed by renowned landscape architect Jay Griffith and included a magical, spacious backyard and lawn. The floor plan also allows for very easy conversion into a single-family house. Therefore, the new owner could easily occupy one unit while converting the other unit. Both teams are currently leased out, and the property receives $110,00 per year in rental income from the two one-year leases. The current leases expire in February and April of 2023. These units are highly desirable and easy to lease as they are ideal and sought-after for people who work in Beverly Hills, West Hollywood, Hollywood, Culver City, Mid City, and Downtown LA. Living space per unit: 1887 sqft.
Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-09T08:25:00.243. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Cane Real Estate | Keller Williams La Jolla. Licensed in the State of California, USA.