Description

KW Commercial is pleased to present 846 North Sycamore Avenue, Los Angeles, CA 90038, an exceptionally remodeled asset in the very desirable pocket of Hollywood, and short distance to many notable attractions. This 10-unit apartment community is centrally located between La Brea and Highland Avenue, just blocks from Sprouts Farmers Market, the brand-new Tesla Diner, the world-famous Osteria Mozza, and more. The location is perfectly positioned in Hollywood (90038), where multifamily investments have historically provided investors with exceptional long-term capital appreciation and wealth preservation. 846 North Sycamore Avenue, built in 1926, boasts the old-world Hollywood charm throughout. The front structure consists of six (6) Studio apartments, and the rear building has one (1) 2-Bedroom/1-Bathroom unit, and three (3) 1-Bedroom/1-Bathroom units. The property exterior and all units have been remodeled, specifically the six studios at the front of the property were updated in 2017 and boast new flooring, original built-ins, updated bathrooms and kitchens, and AC/Heating units. In 2019, current ownership oversaw the complete top-to-bottom renovation of the four rear units located in building 848. Remodeled units boast new stylish flooring, stylish tiles and fixtures, recessed lighting, updated bathrooms and kitchens, designer appliances, air conditioning, and tankless water heaters. With the use of permits, ownership also conducted foundation repairs/retrofitting, brand-new plumbing and electrical systems, new windows, and a new composition shingle roof, including certified cool roof application. Property amenities include private fencing, a secure code entry system, attractive grounds and landscaping, and an on-site laundry room. Tenant parking is available on the street. The property is individually metered for gas and electricity, and utilizes LA City waste and recycling bins, keeping owner expenses low. The asset is located close to world-class dining, shopping, entertainment, and nightlife. Conveniently located to West Hollywood, Beverly Hills, and Downtown LA, it further benefits from access to business services and major employment centers throughout the city and its surrounding neighborhoods.