NOT LISTED FOR SALE

1320 N Sycamore Ave Los Angeles, CA 90028

Hollywood Neighborhood
57 Beds
54 Baths
32,664 Sq Ft
0.37 Acres

Last Sold December 08, 2021

Last sale price $16,250,000 $497 Per Sq Ft

13 Days on Market

Highlights

  • 0.37 Acre Lot
  • Subterranean Parking
  • Central Heating and Cooling System

About This Home

As of December 2021

For sale are the 39 units at 1320 N Sycamore Avenue in Hollywood, California. Known as The Retreat, 1320 N Sycamore was constructed in 1987 and has been thoroughly updated in recent years to ensure a competitive advantage in the highly desirable Hollywood rental market. Given the buildings completion date, it is not subject to the City of Los Angeles's Rent Stabilization Ordinance. The property consists of one building with three floors of residential units over 2 levels of subterranean parking. Units include (15) 2+2, (3) 2+1, (15) 1+1 and (6) studio floorplans. Interiors have been finished with laminate flooring, modern cabinetry, quartz countertops, white subway tiles, stainless steel appliances and chrome hardware. The building offers central HVAC (studios use wall units) and approximately half of the condenser units have been replaced. Residents enter the building through a secured and recently remodeled lobby with a managers office. There are private balconies in the units as well as shared outdoor spaces with a fire pit, barbecues and abundant seating areas. Each residential floor has its own laundry room and trash chute. Furthermore, the elevator system was completely overhauled with new mechanical components as well as a fresh cab. On the lower parking level there is a large maintenance room with security system monitoring station.

Last Agent to Sell the Property

Rob Renshaw

REMAX COMMERCIAL & INVESTMENT REALTY License #01332831 Listed on: 07/08/2021

REMAX COMMERCIAL & INVESTMENT REALTY

Co-Listed By

Jonathan Taksa

Remax Commercial and Investment Realty License #01366169

Last Buyer's Agent

Matthew Sillaman

LB Property Management Inc License #01925847

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1987

Lot Details

  • 0.37

Interior Spaces

  • 32,664 Sq Ft Home
  • 3-Story Property

Bedrooms and Bathrooms

  • 57 Bedrooms
  • 54 Bathrooms

Parking

  • 64 Parking Spaces
  • Subterranean Parking

Additional Features

  • 0.37 Acre Lot
  • Central Heating and Cooling System

Community Details

  • 39 Units

Listing and Financial Details

  • Assessor Parcel Number 5548-023-102

Property Details

Home Type

Multi-Family

Year Built

Built in 1987

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Advertising Remarks: or sale are the 39 units at 1320 N Sycamore Avenue in Hollywood, California. Known as The Retreat, 1320 N Sycamore was constructed in 1987 and has been thoroughly updated in recent years to ensure a competitive advantage in the highly desirable Hollywood rental market. Given the buildings completion date, it is not subject to the City of Los Angeles's Rent Stabilization Ordinance. The property consists of one building with three floors of residential units over 2 levels of subterranean parking. Units include (15) 2+2, (3) 2+1, (15) 1+1 and (6) studio floorplans. Interiors have been finished with laminate flooring, modern cabinetry, quartz countertops, white subway tiles, stainless steel appliances and chrome hardware. The building offers central HVAC (studios use wall units) and approximately half of the condenser units have been replaced.
  • Living Area: 32664
  • Lot Acreage: 0.3671
  • Stories: 3
  • Year Built: 1987
  • Number Of Photos: 45
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 57
  • Total Bathrooms: 54.00
  • Price Per S Q F T: 550.91

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Subterranean
  • Total Parking: 64

Utilities

  • Cooling: Central
  • Heating: Central

Lot Info

  • Assessed Improvement Percent: 30.00
  • Assessed Improvement Value: 5033309
  • Assessed Land Percent: 70
  • Assessed Land Value: 11744388
  • Total Assessed Value: 16777697
  • Assessor Parcel Number: 5548-023-102
  • Lot Size Area: 15993

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 17.54
  • Number Of Units: 39
  • Total Annual Expense: 409961
  • Type Of Units: Residential
  • Vacancy Rate: 3%

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/08/2021 12/08/21 Sold $16,250,000 -9.7% $497 / Sq Ft
07/21/2021 07/21/21 Pending -- -- --
07/08/2021 07/08/21 For Sale $17,995,000 -- $551 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Rob Renshaw

    Seller's Agent in 2021

    Rob Renshaw

    RE/MAX

    (424) 293-4770

    1 in this area

    25 Total Sales

    Rob Renshaw
    Section Image
  • Jonathan Taksa

    Seller Co-Listing Agent in 2021

    Jonathan Taksa

    RE/MAX

    (424) 672-8220

    1 in this area

    73 Total Sales

    Jonathan Taksa
    Section Image

  • M

    Buyer's Agent in 2021

    Matthew Sillaman

    LB Property Management Inc

See All Agents

Map

Source: The MLS

MLS Number: 21-758396

The MLS

California Los Angeles County Los Angeles 90028 Hollywood

1320 N Sycamore Ave, Los Angeles, CA

This home is located at 1320 N Sycamore Ave, Los Angeles, CA 90028 since 08 July 2021. This property was built in 1987. 1320 N Sycamore Ave is a home located in Los Angeles County with nearby schools including Gardner Street Elementary School, Hubert Howe Bancroft Middle School, and Hollywood Senior High School.

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The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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