Sycamore House Apartment
For Sale
Contact for pricing
Pending
1321 N Sycamore Ave, Los Angeles, CA 90028
39-unit apartment building near West Hollywood border.
Property Size32,121 SF
Lot Size0.37 Acres
Days on Market142
Property Features for 1321 N Sycamore Ave
General Information
Standard status
Pending
Size
32,121 SF
Lot size
0.37 Acres
Property subtype
Multifamily
Listing Agency:
Avison Young - North Los Angeles
(323) 423-4425
Listed By:
Christopher Bonbright · License #00823957
Source:
Crexi
Added: Apr 12
Changed: Aug 21
Last Checked: Aug 30 at 9:48PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Avison Young - North Los Angeles
Investment Insights
Based on property information with market context.
Sycamore House, situated at 1321 North Sycamore Avenue, is a 32,121 square foot apartment building featuring 39 units. The unit mix includes 6 studio apartments, 15 one-bedroom/one-bathroom units, 3 two-bedroom/two-bathroom units, and 15 two-bedroom/one-bathroom units. The building is located on a 16,075 square foot lot. Constructed in 1987, the three-story property includes an additional below-grade parking level. The property is located one block east of La Brea Avenue and one block north of the West Hollywood border, providing convenient access to Hollywood, Beverly Hills, and the San Fernando Valley. The surrounding area offers a mix of retail and dining options, particularly in the Sycamore District. The property was fully renovated in 2013, and the units feature quartz countertops, stainless steel sinks, white tile backsplashes, and wood plank flooring. Common area amenities include a fitness center with a dry sauna, a fireside lounge, a gas barbecue, and laundry facilities on each floor. The property is currently operating as a student housing facility for the American Academy of Dramatic Arts (AADA). The property will be delivered approximately fifty percent vacant at the close of escrow, with the remaining half leased at market rates by AADA through July 2025.
Key Highlights
- Non‑rent controlled asset near West Hollywood, Hollywood, Beverly Hills, and the San Fernando Valley.
- Significant value‑add opportunity with approximately 50% vacancy**, allowing for immediate renovation and lease‑up to market rates.
- Fully renovated in 2013 with desirable unit upgrades including quartz countertops, stainless steel sinks, tile backsplashes, and wood plank flooring.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,988
Businesses Nearby
Explore this area
Business Placement
Demographics for 90028, CA
32,330
Population
22,344
Households
1.4
Avg Household Size
36
Median Age
49%
College-Educated
90%
High-School Grad
1.5 sq mi
ZIP Area
21,553
Density / Sq Mi
$59,393
Median Household Income
$45,325
Median Earnings
$1,839
Median Rent
$970,800
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - 39-unit apartment building near West Hollywood border.
Where is this apartment building located?
The property is located at 1321 N Sycamore Ave Los Angeles, CA.
What are key features of this property?
This property features: Non‑rent controlled asset near West Hollywood, Hollywood, Beverly Hills, and the San Fernando Valley.; Significant value‑add opportunity with approximately 50% vacancy**, allowing for immediate renovation and lease‑up to market rates.; Fully renovated in 2013 with desirable unit upgrades including quartz countertops, stainless steel sinks, tile backsplashes, and wood plank flooring.
