Seller's Agent in 2024
Elizabeth Maddox
Myunits.com Inc.
(818) 850-8485
5 in this area
115 Total Sales
1406 N Sycamore Ave Los Angeles, CA 90028
Hollywood NeighborhoodEstimated Value: $1,417,000 - $3,747,000
15
Beds
15
Baths
6,428
Sq Ft
$365/Sq Ft
Est. Value
Highlights
- New Construction
- Modern Architecture
- Balcony
- City Lights View
- No HOA
- Living Room
About This Home
As of April 20241406 N Sycamore is an ultra-premium non-rent-controlled new construction fourplex located in A+++ Hollywood proper, just steps from the iconic Hollywood Blvd! This pre-CofO QUALIFIED OPPORTUNITY ZONE fourplex boasts a 6.02% projected cap rate and is ready to close now: a dream come true for 1031 exchange and opportunity zone buyers! CofO has not been received yet, allowing time for an opportunity zone closing.
1406 N Sycamore is made up of three large 4-bedroom tri-level townhome style units and one 3-bedroom tri-level townhome style unit. The property boasts 8 carport parking spots. The excellent location, paired with the upscale modern units, and sprawling balcony view makes for quick, easy rentals. These premium townhomes feature unbeatable floorplans with extremely large, tenant friendly kitchens and living rooms. You will find noteworthy features including, but not limited to designer tiles, all kitchen appliances included, modern glossy cabinets, high ceilings, huge closets, balconies off the living space and bedrooms, countless windows everywhere you look allowing for maximum light, natural wood waterproof vinyl, and more!
In addition to the high return, buyers will enjoy other perks including tons of parking, tastefully designed drought tolerant landscaping, a 1-year builder’s warranty, brand new EVERYTHING, little to no maintenance, separate meters for gas, water & electric, and extreme desirability amongst renters for years to come.
Last Agent to Sell the Property
Myunits.com Inc. Brokerage Phone: 818-850-8485 License #01921425 Listed on: 02/08/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $45,517
Year Built
- Built in 2024 | New Construction
Lot Details
- 6,025 Sq Ft Lot
- 1 Common Wall
- West Facing Home
- Landscaped
- Land Lease
Property Views
- City Lights
- Neighborhood
Home Design
- Modern Architecture
- Quadruplex
- Turnkey
Interior Spaces
- 6,428 Sq Ft Home
- 3-Story Property
- Living Room
- Vinyl Flooring
Kitchen
- Gas Oven
- Gas Range
- Microwave
- Dishwasher
Bedrooms and Bathrooms
- 15 Bedrooms
- 15 Bathrooms
Laundry
- Laundry Room
- Laundry in Kitchen
- Dryer
- Washer
Parking
- 8 Parking Spaces
- 8 Attached Carport Spaces
- Parking Available
Outdoor Features
- Balcony
Utilities
- Central Heating and Cooling System
- Standard Electricity
- Tankless Water Heater
Listing and Financial Details
- Tenant pays for all utilities
- Tax Lot 21
- Tax Tract Number 3890
- Assessor Parcel Number 5548016010
- $376 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 4 Units
Building Details
- 5 Separate Electric Meters
- 4 Separate Gas Meters
- 4 Separate Water Meters
- Electric Expense $600
- Gardener Expense $1,200
- Insurance Expense $2,571
- Maintenance Expense $1,600
- New Taxes Expense $45,517
- Operating Expense $51,488
- Gross Income $291,540
- Net Operating Income $228,390
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Aug 8, 2024
Sold by
Onyemata Ebuka David
Bought by
Geaux North Sycamore Llc
Current Estimated Value
Purchase Details
Listed on
Feb 8, 2024
Closed on
Apr 5, 2024
Sold by
Sycamore Expert Llc
Bought by
Onyemata Ebuka David
Seller's Agent
Elizabeth Maddox
Myunits.com Inc.
Buyer's Agent
Andrew Watkins
Century 21 Masters
List Price
$3,795,000
Sold Price
$3,699,000
Premium/Discount to List
-$96,000
-2.53%
Views
36
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-28.27%
Purchase Details
Listed on
Aug 26, 2021
Closed on
Oct 14, 2021
Sold by
Andrei Manuela Ana and Andrei Manuela Ana
Bought by
Sycamore Expert Llc
Seller's Agent
Michael Flanagan
Keller Williams Larchmont
Buyer's Agent
Gerardo Reyes
Keller Williams Larchmont
Sold Price
$1,350,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
51.15%
Original Mortgage
$832,000
Interest Rate
2.8%
Mortgage Type
Credit Line Revolving
Purchase Details
Closed on
Sep 23, 2010
Sold by
Andrei Manuela Ana
Bought by
Andrei Manuela Ana and Manuela Ana Andrei Revocable Living Trus
Purchase Details
Closed on
Apr 7, 2009
Sold by
Andrei Manuela Ana and Dula Revocable Trust Of 1998
Bought by
Andrei Manuela Ana
Purchase Details
Closed on
May 14, 1998
Sold by
Dula Victor
Bought by
Dula Victor and Dula Revocable Trust
Purchase Details
Closed on
Feb 18, 1997
Sold by
Trust Tavera Cesar A Co Tr Tavera Family and Tavera Beatriz R
Bought by
Dula Victor
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,000
Interest Rate
7.86%
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Geaux North Sycamore Llc | -- | None Listed On Document | |
| Onyemata Ebuka David | $3,699,000 | California Best Title Company | |
| Sycamore Expert Llc | $1,350,000 | Fidelity National Title Co | |
| Andrei Manuela Ana | -- | None Available | |
| Andrei Manuela Ana | -- | None Available | |
| Dula Victor | -- | -- | |
| Dula Victor | $180,000 | Provident Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Sycamore Expert Llc | $2,000,000 | |
| Previous Owner | Sycamore Expert Llc | $832,000 | |
| Previous Owner | Andrei Manuela Ana | $120,000 | |
| Previous Owner | Dula Victor | $210,000 | |
| Previous Owner | Dula Victor | $135,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/12/2024 04/12/24 | Sold | $3,699,000 | -2.5% | $575 / Sq Ft |
| 03/07/2024 03/07/24 | Pending | -- | -- | -- |
| 02/08/2024 02/08/24 | For Sale | $3,795,000 | +181.1% | $590 / Sq Ft |
| 11/02/2021 11/02/21 | Sold | $1,350,000 | 0.0% | $548 / Sq Ft |
| 08/25/2021 08/25/21 | Pending | -- | -- | -- |
| 08/22/2021 08/22/21 | Off Market | $1,350,000 | -- | -- |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $17,223 | $3,699,000 | $2,220,000 | $1,479,000 |
| 2024 | $17,223 | $1,404,540 | $1,123,632 | $280,908 |
| 2023 | $16,892 | $1,377,000 | $1,101,600 | $275,400 |
| 2022 | $16,110 | $1,350,000 | $1,080,000 | $270,000 |
| 2021 | $3,459 | $270,821 | $211,095 | $59,726 |
| 2019 | $3,360 | $262,790 | $204,835 | $57,955 |
| 2018 | $3,234 | $257,638 | $200,819 | $56,819 |
| 2016 | $3,078 | $247,635 | $193,022 | $54,613 |
| 2015 | $3,034 | $243,916 | $190,123 | $53,793 |
| 2014 | $3,053 | $239,139 | $186,399 | $52,740 |
Source: Public Records
Agents Affiliated with this Home
-
Elizabeth Maddox
-
Isaac Davidi
Seller Co-Listing Agent in 2024
Isaac Davidi
The Davidi Company
(310) 997-0311
8 in this area
48 Total Sales
-
Andrew Watkins
Buyer's Agent in 2024
Andrew Watkins
Century 21 Masters
(310) 383-6239
1 in this area
57 Total Sales
-
Michael Flanagan
Seller's Agent in 2021
Michael Flanagan
Keller Williams Larchmont
(310) 266-2959
2 in this area
19 Total Sales
-
Gerardo Reyes
Buyer's Agent in 2021
Gerardo Reyes
Keller Williams Larchmont
(310) 871-6421
1 in this area
5 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: BB24027218
APN: 5548-016-010
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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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