Description

SUBJECT TO MILLS ACT-PROVIDING SIGNIFICANT PROPERTY TAX ADVANTAGES THAT ENHANCE OVERALL RETURNS. 100 N Sycamore Avenue, a stunning 13-unit Art Deco trophy asset located in the heart of the highly desirable Miracle Mile neighborhood of Los Angeles (90036).This exceptional generational property showcases iconic Art Deco architecture, spacious residences, and remarkable curb appeal. Ownership has meticulously preserved the building's historic integrity, with all upgrades and renovations completed in accordance with Historic Preservation Board standards. As a result, the property's original character and craftsmanship remain fully intact and have been thoughtfully restored throughout.The building's striking faade features classic Art Deco elements, including bold geometric forms, intricate detailing, and a signature setback that gives the structure a distinguished architectural presence within the neighborhood. Inside, each of the thirteen residences is generously sized and thoughtfully designed, showcasing original Art Deco features such as ornate moldings, decorative fixtures, and vintage craftsmanship that create a truly unique living experience rarely found in today's rental market.The property encompasses 16,588 square feet of living space situated on an 8,981 square foot lot, surrounded by lush landscaping and well-maintained grounds that further enhance its timeless appeal.The property has historically benefited from the Mills Act program, which may provide future ownership with potential property tax incentives for maintaining the building's historic character.Residents enjoy a premier location in the Miracle Mile neighborhood, with convenient access to world-class dining, shopping, entertainment, and major employment centers. The property is also located near public transportation and within a highly desirable residential corridor of Los Angeles.100 N Sycamore Avenue represents a rare opportunity to acquire a true architectural trophy asset with long-term generational appeal in one of Los Angeles' most sought-after neighborhoods.