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    1215 N Sycamore Ave Los Angeles, CA 90038

    Pending
    For Sale
    $9,450,000

    MULTI_FAMILY - Los Angeles, CA

    Property size:
    27,640 SF
    Lot size:
    0.27 Acres
    Days on Market:
    59
    Last Refresh:
    Dec 13 at 8:06 pm

    Property Features for 1215 N Sycamore Ave

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Pending
    Zoning
    LARD1.5
    Rooms
    Bathroom 25, Bedroom 9, Bathroom 38, Bathroom 1, Bathroom 17, Bedroom 2, Bedroom 13, Bedroom 4, Bedroom 35, Bedroom 8, Bathroom 11, Bedroom 32, Bedroom 1, Bathroom 20, Bathroom 31, Bedroom 18, Bedroom 20, Bedroom 22, Bedroom 21, Bedroom 42, Bathroom 22, Bedroom 19, Bathroom 32, Bathroom 23, Bathroom 2, Bathroom 30, Bathroom 36, Bathroom 16, Bathroom 7, Bathroom 21, Bedroom 41, Bathroom 37, Bedroom 16, Bathroom 27, Bathroom 12, Bedroom 28, Bedroom 23, Bedroom 29, Bedroom 31, Bathroom 40, Bedroom 43, Bathroom 39, Bathroom 42, Bathroom 8, Bedroom 7, Bathroom 18, Bathroom 4, Bathroom 9, Bathroom 3, Bedroom 44, Bedroom 39, Bedroom 27, Bedroom 10, Bedroom 34, Bathroom 24, Bathroom 33, Bathroom 14, Bedroom 47, Bathroom 5, Bedroom 46, Bathroom 35, Bedroom 6, Bathroom 26, Bathroom 43, Bedroom 11, Bathroom 41, Bedroom 24, Bathroom 15, Bedroom 14, Bedroom 15, Bedroom 40, Bedroom 25, Bedroom 30, Bedroom 17, Bedroom 26, Bedroom 36, Bedroom 45, Bedroom 33, Bedroom 37, Bedroom 5, Bathroom 28, Bathroom 34, Bathroom 6, Bathroom 19, Bedroom 3, Bathroom 10, Bathroom 13, Bathroom 29, Bedroom 38, Bedroom 12
    Bedrooms
    47
    Bathrooms
    43
    APN
    5531-012-035
    Parking
    49
    Parking features
    Garage
    Size
    27,640 SF
    Lot size
    0.27 Acres

    Utilities

    Heating system
    Central
    Cooling system
    Central Air, Ceiling Fan(s)

    Building Details

    Year built
    1989
    Floors in Building
    4
    Number of units
    28

    Keller Williams Los Feliz (323) 300-1000 [email protected]

    Listing agent Matthew R. Kanner (323) 300-1000 License #01349203

    Listing date Oct 16, 2025

    Copyright © 2025 TheMLSCLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Hollywood Multifamily Investment Opportunity

    Located in the Sycamore District of Hollywood, Los Angeles, this 28-unit multifamily property presents a value-add investment opportunity. Constructed in 1989, the building is exempt from Los Angeles Rent Control. The property features an apartment mix of 15 two-bedroom, two-bathroom units, 4 two-bedroom, one-bathroom units, and 9 one-bedroom, one-bathroom units. Each unit averages approximately 987 square feet. All units include a balcony or patio, large windows, full kitchens with built-in ovens, dishwashers, refrigerators, and microwaves. Select units offer views of Hollywood, West Hollywood, and the LA Basin, and feature stainless-steel appliances, wood cabinets, laminated wood floors, and decorative fireplaces. The 27,640-square-foot building is situated on an 11,688-square-foot lot zoned LARD1.5-1XL. Property amenities include a gated entry, a garden, a courtyard/patio, and on-site laundry facilities. Subterranean parking provides more than one space per bedroom, with at least 3 visitor parking spaces. Security features include security cameras, an intercom system, and secure gated covered parking. The building also offers central air conditioning/heating and elevator access to all levels, and is separately metered for gas and electricity. The property is located near retail shopping, restaurants, nightlife, and recreation. CIM Group plans to develop a 34-story building with 514 apartments and approximately 30,000 square feet of commercial space nearby. The property is located 0.8 miles from the B Line Metro station and 1.8 miles from the CA 101 freeway, offering access to the city's transit network.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    mc=e3 Electric Electrician Sycamore House-Apartments Apartment Building

    Suggested Use

    Law Firm Realty agency Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Daycare Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.343139
    Latitude
    34.092987

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    FAQs

    What type of property is this?
    Apartment building - 28-unit apartment building in prime Hollywood location, value-add potential.
    Where is this apartment building located?
    The property is located at 1215 N Sycamore Ave Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $9,450,000.
    What are key features of this property?
    This property features: - Exempt from Los Angeles Rent Control, offering operational flexibility.; - Prime location in Hollywood's Sycamore District, Walk Score of 95.; - Significant rental upside (25%+) in a thriving submarket.
    (323) 300-1000
    Request Owner's contact information
    1215 N Sycamore Ave Los Angeles, CA 90038
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1215 N Sycamore Ave Los Angeles, CA 90038
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