1321 Sycamore Ave Los Angeles, CA 90028-7553
Property profile & analytics
1321 Sycamore Ave Los Angeles, CA 90028-7553
- Apartment buildings
- 32,121 SF
- 0.37 lot acres
Property ID
US09-6864208
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- The Academy House West / Apartment Building / Residential College
- NNC Sycamore Villas / Financial Advisor
Property Details for 1321 Sycamore Ave
- Year built
- 1987
- Construction
- WOOD
- Lot size
- 0.37 lot acres
- Property size
- 32,121 SF
- Zone code
- LARD1.5
- Property type
- Apartment buildings
- APN
- 5548-022-064
- APU
- 5548022064
Description
This exceptional 39-unit apartment building, located at 1321 N Sycamore Ave in Los Angeles, CA 90028, presents a compelling investment opportunity. The 32,121 square foot building, constructed in 1987 and fully renovated in 2013, sits on a 0.37-acre lot and boasts three stories plus a below-grade parking level with 65 parking stalls. The unit mix includes six studios, fifteen one-bedroom/one-bathroom units, three two-bedroom/two-bathroom units, and fifteen two-bedroom/one-bathroom units, averaging 705 square feet each. High-end finishes throughout include quartz countertops, stainless steel sinks, white tile backsplashes, and wood plank flooring. Community amenities are extensive and include a fitness center with a dry sauna, a fireside lounge, gas barbecues, and laundry facilities on each floor. The property benefits from its prime location, one block from La Brea Avenue and the West Hollywood border, providing easy access to Hollywood and Beverly Hills. Currently operating as student housing with a lease expiring in July 2025, approximately half the units will be vacant at closing, offering a buyer the chance to quickly achieve market rents. The property is non-rent controlled and features a strong 5.30% cap rate with a Net Operating Income (NOI) of $320,767 and an asking price of $17,500,000. The property's location in a vibrant submarket with abundant retail and dining options, coupled with its high-quality renovations and strong potential for increased revenue, makes it an attractive investment. The Los Angeles County Assessor's Parcel Number (APN) is 5548-022-064. The permitted zoning is LA RD1.5.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $14,620,000
- ML approach
- $9,100,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $13,608,000
Market price range: $7.19M - $13.6M -
Alternative Use
- Use
- Estimation
- APARTMENT HOUSE (5+ UNITS)
- $9,475,000 Current use
- AUTO REPAIR, GARAGE
- $17,460,000 Change: +84% Conversion: Difficult
- OFFICE BUILDING
- $16,120,000 Change: +70% Conversion: Moderate
- MEDICAL BUILDING
- $14,635,000 Change: +54% Conversion: Moderate
- NEIGHBORHOOD: SHOPPING CENTER
- $13,605,000 Change: +44% Conversion: Difficult
- RETAIL STORES
- $13,190,000 Change: +39% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $9,620,000 Change: +2% Conversion: Moderate
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Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.343
- Latitude
- 34.095
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$2,661
$12,592,355
$5,446,724
$18,039,079
-
$0.00
$0.00
$0.00
