$3,999,000

1289 S Sycamore Ave Los Angeles, CA 90019

Miracle Mile Neighborhood

Estimated payment $23,328/month

Total Views 1,123
14 Beds
14 Baths
6,678 Sq Ft
$599 Price per Sq Ft

Highlights

  • Solar Power System
  • Modern Architecture
  • Central Heating and Cooling System
  • City View
  • Built-In Features

About This Home

Premier NEW CONSTRUCTION 4-Unit Investment Opportunity in Miracle Mile! Discover 1289 S Sycamore Ave, the only NEW-CONSTRUCTION 4-plex north of Olympic , set on a serene, residential street. Unlike denser multi-family blocks; this property sits amid high-value single-family homes, boosting its appeal. This modern luxury property features four town homes two 4-bedroom, 3.5-bath (1,838 SF & 2,002 SF) and two 3-bedroom, 2.5-bath (1,419 SF each)designed for upscale tenants in a hot rental market, boasting a 6% CAP rate. Buyers can live in one and rent the others for income. Each unit offers entertaining-ready kitchens with FORNO appliances (gas ranges), quartz countertops, custom cabinetry, open-concept layouts, tile flooring, in-unit washer/dryers, private balconies, and lush yards for BBQs. Select 4-bedroom units showcase Downtown LA and Hollywood Sign views, while 3-bedroom units feature master suites with spa-inspired bathrooms and designer tiles. All utilities (water, gas, electric) are separately metered, and premium smart home/security suites include central hubs, video doorbells, and fingerprint locks. With a Walk Score of 75/100, residents enjoy proximity to LACMA, The Grove, and Metro lines. Offered as-is; buyers to verify details. Schedule your tour today!

Listing Agent

Michael Kafaei

Keller Williams Beverly Hills License #01373161 Listed on: 06/11/2025

Keller Williams Beverly Hills

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,385

Year Built

  • Built in 2025

Lot Details

  • 6,406 Sq Ft Lot
  • Lot Dimensions are 50x128

Parking

  • 2 Car Garage
  • Driveway

Property Views

  • City
  • Views of a landmark
  • Mountain

Home Design

  • Modern Architecture
  • Split Level Home

Interior Spaces

  • 6,678 Sq Ft Home
  • 3-Story Property
  • Built-In Features

Kitchen

  • Oven or Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 14 Bedrooms
  • 14 Bathrooms

Laundry

  • Dryer
  • Washer

Additional Features

  • Solar Power System
  • Central Heating and Cooling System

Community Details

  • 3 Buildings
  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 5070-005-026

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,385

Year Built

Built in 2025

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Style: Modern
  • Levels: Multi/Split
  • Street Number Display: Yes
  • Advertising Remarks: Call listing Agent Michael Kafaei at 310-424-5158, or email info@kafaeirealestate.com.Premier NEW CONSTRUCTION 4-Unit Investment Opportunity in Miracle Mile! Discover 1289 S Sycamore Ave, the only NEW-CONSTRUCTION 4-plex north of Olympic , set on a serene, residential street. Unlike denser multi-family blocks; this property sits amid high-value single-family homes, boosting its appeal. This modern luxury property features four town homes two 4-bedroom, 3.5-bath (1,838 SF & 2,002 SF) and two 3-bedroom, 2.5-bath (1,419 SF each)designed for upscale tenants in a hot rental market, boasting a 6% CAP rate. Buyers can live in one and rent the others for income. Each unit offers entertaining-ready kitchens with FORNO appliances (gas ranges), quartz countertops, custom cabinetry, open-concept layouts, tile flooring, in-unit washer/dryers, private balconies, and lush yards for BBQs.
  • Entry Floor: 1
  • Living Area: 6678
  • Lot Acreage: 0.1471
  • Lot Dimensions: 50x128
  • Stories: 3
  • Year Built: 2025
  • Number Of Photos: 65
  • State Abbrv: CA
  • Special Features: NewHome
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 14
  • Common Walls: Attached
  • Total Bathrooms: 14.00
  • Equipment: Built-Ins, Dishwasher, Dryer, Garbage Disposal, Washer, Solar Panels, Refrigerator, Range/Oven
  • Price Per S Q F T: 598.83

Exterior Features

  • Other Structures: None
  • View: Mountains, City, Landmark
  • View: Yes

Garage/Parking

  • Garage Spaces: 2
  • Other Spaces: 2
  • Covered Parking: 2
  • Parking Garage: Driveway, Garage - 2 Car
  • Total Parking: 4

Utilities

  • Cooling: Central
  • Heating: Central
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 20.00
  • Assessed Improvement Value: 234600
  • Assessed Land Percent: 80
  • Assessed Land Value: 938400
  • Total Assessed Value: 1173000
  • Assessor Parcel Number: 5070-005-026
  • Lot Size Area: 6406

Rental Info

  • Rent Control: No

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 13.30
  • Number Of Units: 4
  • Total Annual Expense: 60000
  • Type Of Units: Townhome
  • Vacancy Rate: 100%

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
2024 $14,385 $1,173,000 $938,400 $234,600
2023 $859 $52,253 $32,018 $20,235
2022 $831 $51,230 $31,391 $19,839
2021 $810 $50,226 $30,776 $19,450
2019 $791 $48,738 $29,864 $18,874
2018 $706 $47,783 $29,279 $18,504
2016 $661 $45,930 $28,143 $17,787
2015 $653 $45,241 $27,721 $17,520
2014 $666 $44,355 $27,178 $17,177
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/30/2025 06/30/25 For Sale $1,149,900 0.0% $626 / Sq Ft
06/26/2025 06/26/25 Price Changed $6,650 -8.3% $4 / Sq Ft
06/24/2025 06/24/25 For Rent $7,250 0.0% --
06/24/2025 06/24/25 Off Market $1,149,900 -- --
06/11/2025 06/11/25 For Sale $3,999,000 +247.8% $599 / Sq Ft
05/23/2025 05/23/25 For Sale $1,149,900 -0.1% $626 / Sq Ft
02/23/2023 02/23/23 Sold $1,151,000 -4.1% $830 / Sq Ft
12/01/2022 12/01/22 Price Changed $1,200,000 -4.0% $866 / Sq Ft
11/10/2022 11/10/22 Price Changed $1,250,000 -16.7% $902 / Sq Ft
10/31/2022 10/31/22 For Sale $1,500,000 -- $1,082 / Sq Ft
Source: The MLS

Purchase History

Date Type Sale Price Title Company
Grant Deed $1,145 Equity Title
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,498,400 New Conventional
Closed $863,000 New Conventional
Source: Public Records

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See All Homes in Los Angeles

Source: The MLS

MLS Number: 25549255

The MLS

APN: 5070-005-026

California Los Angeles County Los Angeles 90019 Miracle Mile

1289 S Sycamore Ave, Los Angeles, CA

This home is located at 1289 S Sycamore Ave, Los Angeles, CA 90019 and is currently priced at $3,999,000, approximately $598 per square foot. This property was built in 2025. 1289 S Sycamore Ave is a home located in Los Angeles County with nearby schools including Saturn Street Elementary School, Los Angeles Senior High School, and New Los Angeles Charter.

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Nearby Homes
Michael Kafaei
Listing Agent
Michael Kafaei
Section Image
Keller Williams Beverly Hills
(310) 279-8200