1842 S Sycamore Avenue, Los Angeles, CA 90019
Local realty services provided by:CENTURY 21 Wildwood Properties, Inc.
1842 S Sycamore Avenue,Los Angeles, CA 90019
$3,790,000
- 24 Beds
- - Baths
- 6,623 sq. ft.
- Multi-family
- Active
Listed by: jennie martin
Office: compass
MLS#:CL26752733
Source:Bay East, CCAR, bridgeMLS
Price summary
- Price:$3,790,000
- Price per sq. ft.:$572.25
About this home
"Proven and Durable Income Stream" A rare opportunity to acquire a purpose-built, income-driven luxury fourplex in the heart of prime Mid-City Los Angeles. 1842-1844 S. Sycamore Avenue is a fully permitted, non-rent-controlled (not subject to RSO) asset offering exceptional scale, flexibility, and strong in-place performance, tailored to the sophisticated short-term rental investor. The short-term rental operation generates over $500,000 in gross annual income, supporting a market-leading 9.3 % cap rate and an estimated NOI of approximately $353,000, based on the current list price and a full operating expense assumption. This level of yield is exceptional for Los Angeles and difficult to replicate with traditional multifamily assets. For buyers evaluating a stabilized long-term rental strategy, the property also supports a projected NOI of approximately $231,000, representing an estimated 6.09 % cap rate based on projected market rents and standard operating expenses.Built in 2022, this modern fourplex sits on a 6,253-square-foot lot and consists of four expansive six-bedroom, five-bathroom residences (24 bedrooms, 20 bathrooms total), encompassing approximately 6,623 square feet (per public records). Each residence is finished to a luxury hospitality standard, featuring European-style designer kitchens, premium porcelain countertops, stainless steel appliances, LG washers and dryers in each unit, luxury SPC engineered flooring, floating bathroom cabinetry, walk-in showers, high ceilings, and expansive open-concept floor plans.The property is fully tech-enabled, with Cat-6 internet and HDMI pre-wired in every room, making it ideal for short-term guests, executives, and remote professionals. Additional highlights include a controlled gated driveway, HD multi-camera security system, private rear yard, multiple balconies, and 10 parking spaces, consisting of two 2-car covered garages (four garage spaces) and six exterior spaces. The asset is currently operated as a short-term rental business, with the option to rent each bedroom individually. Every bedroom is designed for independent occupancy and features a private bathroom and digital lock, allowing for efficient management, flexible pricing, and optimized income potential. For buyers seeking a traditional strategy, the property may also be repositioned for long-term leasing. Market rents are projected at approximately $6,500 per unit, depending on final configuration and leasing strategy, with potential u...
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Home facts
- Year built:2022
- Listing ID #:CL26752733
- Added:1 day(s) ago
- Updated:April 18, 2026 at 11:33 PM
Rooms and interior
- Bedrooms:24
- Living area:6,623 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Central
- Central air:Yes
Structure and exterior
- Year built:2022
- Building area:6,623 sq. ft.
- Lot area:0.14 Acres
Finances and disclosures
- Price:$3,790,000
- Price per sq. ft.:$572.25
Features and amenities
- Laundry features:Dryer, Washer
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