1861 S Sycamore Ave, Los Angeles, CA 90019

An exciting investment for an ideal buyer seeking a value add building. This seven unit gated complex is in the heart of mid-city zoned RD1.5 and located in an opportunity zone. It has a 4.6% cap rate and 14 GRM. This well maintained building has charming courtyards throughout and five units have garage spaces. This multi-family property consist of a mix of (4) spacious one-bedrooms one bath, (2) two bedrooms one bath, and one-studio. Two of the one -bedroom units will be delivered vacant. The units have a mix of updates throughout including remodeled kitchens, flooring, and bathrooms offering plenty of natural light in several of the units. Each unit has separate gas and electrical meters. The building needs soft retrofitting and is reflected in the price. Retrofit plans and permits have been pulled. Buyer to investigate. Please do not disturb tenants.