$1,400,000

Estimated payment $7,647/month

Total Views 1,932
7 Beds
5 Baths
3,140 Sq Ft
$446 Price per Sq Ft

Highlights

  • Golf Course Community
  • Park
  • 1-Story Property
  • No HOA
  • Laundry Room

About This Home

RARE OPPORTUNITY IN THIS MIRACLE MILE ADJACENT PROPERTY OFFERING 2 VACANT UNITS! Ready to move in 3 Bedroom/2 Baths & 2 Bedroom/1 Bath. Discover this exceptional 4-unit income property at 1623 S. Sycamore Ave, offering a compelling investment proposition with immediate upside. Boasting a total of 7 bedrooms and 5 baths across 3,140 sqft of living space on a generous 5,627 sqft LARD 1.5 zoned lot, the possibilities are significant. Two units are currently vacant, providing an immediate opportunity for an owner-user to live in one unit while renovating the others, or for an investor to quickly bring units to market rates and maximize rental income.

The LARD 1.5 zoning also presents intriguing development potential for savvy investors looking to explore additional density in a high-demand area.

Located moments from world-class attractions, residents will enjoy easy access to The Grove, The Original Farmers Market and Los Angeles Los Angeles County Museum of Art. This vibrant location offers an unparalleled lifestyle with trendy dining, upscale shopping, and cultural landmarks at your fingertips

Listing Agent

Julio Bonilla

Keller Williams Pacific Estates Brokerage Phone: 562-355-8060 License #01281205 Listed on: 06/11/2025

Keller Williams Pacific Estates

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,257

Year Built

  • Built in 1945

Lot Details

  • 5,629 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage
  • Parking Available
  • Driveway
  • Off-Street Parking

Home Design

  • Quadruplex
  • Entry on the 1st floor

Interior Spaces

  • 3,140 Sq Ft Home
  • 1-Story Property
  • Family Room with Fireplace

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Location

  • Suburban Location

Listing and Financial Details

  • Legal Lot and Block 6 / 8
  • Tax Tract Number 5955
  • Assessor Parcel Number 5067002036
  • $495 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Recreation

  • Golf Course Community
  • Park

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,257

Year Built

Built in 1945

Lot Details

0

Parking

2

Listing Details

  • Price Per Unit: 350000
  • Property Attached: Yes
  • Zoning: LARD1.5
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 5067002036
  • Year Built: 1945
  • AgentOnly_SellerConsiderConcessionYN: No
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 1
  • Entry Location: Front
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Fireplace Features: Family Room
  • Levels: One
  • Price Per Square Foot: 445.86

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Driveway, Off Street
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Gas & Electric Dryer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Golf, Park, Sidewalks, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5629.00
  • Lot Size Acres: 0.1292

Multi Family

  • Lot Size Area: 5629.0000 Square Feet
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Rent Control: Yes

Tax Info

  • Tax Block: 8
  • Tax Census Tract: 2183.00
  • Tax Lot: 6
  • Tax Tract Number: 5955
  • TaxOtherAnnualAssessmentAmount: 495.00

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 $2,257 $150,114 $49,182 $100,932
2024 $2,257 $147,171 $48,218 $98,953
2023 $2,225 $144,286 $47,273 $97,013
2022 $2,141 $141,458 $46,347 $95,111
2021 $2,095 $138,686 $45,439 $93,247
2019 $2,042 $134,575 $44,093 $90,482
2018 $1,964 $131,937 $43,229 $88,708
2016 $1,851 $126,815 $41,551 $85,264
2015 $1,828 $124,911 $40,927 $83,984
2014 $1,864 $122,465 $40,126 $82,339
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/11/2025 06/11/25 For Sale $1,400,000 -- $446 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

Date Type Sale Price Title Company
Grant Deed -- Accommodation/Courtesy Recordi
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $50,000 Credit Line Revolving
Previous Owner $91,000 Unknown
Source: Public Records

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW25117533

California Regional Multiple Listing Service (CRMLS)

APN: 5067-002-036