$2,195,000
$100K PRICE DROP

Estimated payment $14,510/month

Total Views 1,738
10 Beds
6 Baths
4,033 Sq Ft
$544 Price per Sq Ft

About This Home

1271 S Sycamore Ave is a brand new remodeled 4plex located in the Mid-Wilshire pocket of Los Angeles. All units feature new hardwood floors, central air & heat, stainless steel kitchen appliances, modern windows, modern bathroom fixtures, and washer/dryer in units. Beneficial to the new owner, the roof and plumbing is also new, offering extremely low maintenance. One of the 3Bed/2Bath units will be DELIVERED VACANT, ideal for owner/user! The unit mix is comprised of (2) 3Bed/2Bath and (2) 2Bed/1Bath units with an opportunity to add an ADU for additional income. Two 3Bed/2Bath units are located in the front, and (2) 2Bed/2Bath units are located in the rear. There are 4 private garages with storage space and room for guests to park their vehicles in front of the garages.The subject property is conveniently located in between Mid-Wilshire, Culver City and Downtown LA. This is the ideal situation for an owner/user or tenant looking to benefit from all the beautiful amenities Los Angeles has to offer. OM in supplements.

Listing Agent

Cameron Samimi

Lyon Stahl Investment Real Estate, Inc. Brokerage Phone: 310-259-7556 License #02035763 Listed on: 05/06/2025

Lyon Stahl Investment Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $28,372

Year Built

  • Built in 1926

Lot Details

  • 6,405 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 4 Car Garage

Home Design

  • Quadruplex

Interior Spaces

  • 4,033 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 6 Bathrooms

Location

  • Urban Location

Listing and Financial Details

  • Tax Lot 342
  • Tax Tract Number 5069
  • Assessor Parcel Number 5070005022

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Operating Expense $39,819
  • Gross Income $157,800
  • Net Operating Income $108,872

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$28,372

Year Built

Built in 1926

Lot Details

0

Parking

4

Listing Details

  • CapRate: 5.16
  • Price Per Unit: 548750
  • Property Attached: Yes
  • Zoning: LAR2
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 5070005022
  • Year Built: 1926
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: 1
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 544.26

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6405.00
  • Lot Size Acres: 0.1470

Multi Family

  • Gross Income: 157800.00
  • Gross Multiplier: 13.91
  • Gross Scheduled Income: 157800.00
  • Lot Size Area: 6405.0000 Square Feet
  • Net Operating Income: 108872.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 39819.00
  • Rent Control: Yes
  • Total Expenses: 39819.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • Tax Census Tract: 2172.00
  • Tax Lot: 342
  • Tax Tract Number: 5069

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $28,372 $2,366,682 $1,797,769 $568,913
2024 $28,372 $2,320,277 $1,762,519 $557,758
2023 $27,823 $2,274,782 $1,727,960 $546,822
2022 $26,530 $2,230,179 $1,694,079 $536,100
2021 $26,201 $2,186,451 $1,660,862 $525,589
2019 $25,416 $2,121,600 $1,611,600 $510,000
2018 $25,299 $2,080,000 $1,580,000 $500,000
2017 $1 $1,550,000 $930,000 $620,000
2016 $10,870 $881,238 $596,467 $284,771
2015 $10,714 $868,002 $587,508 $280,494
2014 $10,764 $851,000 $576,000 $275,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/10/2025 06/10/25 Price Changed $2,195,000 -4.4% $544 / Sq Ft
05/06/2025 05/06/25 For Sale $2,295,000 +10.3% $569 / Sq Ft
10/12/2017 10/12/17 Sold $2,080,000 -1.0% $573 / Sq Ft
08/23/2017 08/23/17 For Sale $2,100,000 0.0% $578 / Sq Ft
04/19/2017 04/19/17 Rented $3,130 +1.0% --
04/17/2017 04/17/17 Off Market $3,100 -- --
04/10/2017 04/10/17 For Rent $3,100 0.0% --
08/10/2016 08/10/16 Sold $1,550,000 0.0% $427 / Sq Ft
07/25/2016 07/25/16 For Sale $1,550,000 +40.9% $427 / Sq Ft
05/03/2016 05/03/16 Sold $1,100,000 -9.8% $303 / Sq Ft
05/27/2015 05/27/15 For Sale $1,219,000 +43.2% $336 / Sq Ft
11/21/2013 11/21/13 Sold $851,000 +6.4% $234 / Sq Ft
09/12/2013 09/12/13 Pending -- -- --
09/04/2013 09/04/13 For Sale $800,000 -- $220 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

Date Type Sale Price Title Company
Grant Deed -- None Listed On Document
Grant Deed $2,080,000 Provident Title
Quit Claim Deed -- Provident Title
Grant Deed $1,550,000 Ticor Title
Grant Deed $1,100,000 None Available
Grant Deed $851,000 Fidelity National Title
Interfamily Deed Transfer -- None Available
Gift Deed -- First Southwestern Title
Interfamily Deed Transfer -- Fidelity Title Company
Grant Deed -- Fidelity Title Company
Grant Deed -- Fidelity Title Company
Grant Deed -- Fidelity Title
Trustee Deed -- --
Gift Deed -- --
Grant Deed $206,000 Fidelity National Title Ins
Grant Deed $157,500 Fidelity National Title
Trustee Deed $169,395 Chicago Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $1,664,000 New Conventional
Previous Owner $660,000 Commercial
Previous Owner $550,000 Commercial
Previous Owner $305,000 Commercial
Previous Owner $300,000 Commercial
Previous Owner $300,000 Commercial
Previous Owner $231,000 Commercial
Previous Owner $185,400 Commercial
Source: Public Records

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB25100822

California Regional Multiple Listing Service (CRMLS)

APN: 5070-005-022