NOT LISTED FOR SALE

2101 S Sycamore Ave Los Angeles, CA 90016

Mid-City Neighborhood

Estimated Value: $1,121,000 - $1,331,000

5 Beds
4 Baths
2,720 Sq Ft
$463/Sq Ft Est. Value

Last Sold December 27, 2023

Last sale price $1,185,000 $436 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $7,835/month

79 Days on Market

Highlights

  • Corner Lot
  • Laundry Room
  • 1-Story Property
  • 4 Car Attached Garage

About This Home

As of December 2023

2101 S. Sycamore is a well-maintained and pride-of-ownership value-add fourplex, located in a prime Mid City/Mid Los Angeles neighborhood, surrounded by new construction and close proximity to hip retail and restaurant amenities. The subject building has 1 x 2 bed/1 bath units, and 3 x 1 bed/1 bath units. Some of the units have been updated. The 2-bedroom unit will be delivered vacant at close of escrow, making this a perfect owner-user house-hack property, or value-add investment. There is approximately 51% upside in rents. All units have their own washer and dryer. The property sits on the corner of S. Sycamore and W. 21st St on a large 6,418 square foot parcel zoned LARD2. The tenants benefit from a large, nicely landscaped front and side yard, private patio, private balconies, and four single car garages in the back accessed by an alley. The back garages present an excellent ADU conversion opportunity. This building has been well-maintained and has good bones. Excellent location in the heart of the Mid City neighborhood minutes from the 10 Freeway. Close to all the shopping and dining on Western Avenue. Only five miles from Exposition Park and the University of Southern California. Seven miles to downtown Los Angeles.

Last Agent to Sell the Property

Oron Maher

Maher Commercial Realty License #01299093 Listed on: 09/08/2023

Maher Commercial Realty

Last Buyer's Agent

Oron Maher

Maher Commercial Realty License #01299093 Listed on: 09/08/2023

Maher Commercial Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,727

Lot Details

  • 6,418 Sq Ft Lot
  • Corner Lot

Parking

  • 4 Car Attached Garage

Home Design

Interior Spaces

  • 2,720 Sq Ft Home
  • 1-Story Property
  • Oven or Range

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 5062-011-024

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,727

Lot Details

0

Parking

4

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 2720
  • Lot Acreage: 0.1473
  • Stories: 1
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 5
  • Laundry: Inside, In Unit
  • Total Bathrooms: 4.00
  • Equipment: Range/Oven, Refrigerator, Washer, Dryer
  • Price Per S Q F T: 457.72

Exterior Features

  • Other Structures: None

Garage/Parking

  • Garage Spaces: 4
  • Parking Garage: Attached
  • Total Parking: 4

Lot Info

  • Assessed Improvement Percent: 27.01
  • Assessed Improvement Value: 128799
  • Assessed Land Percent: 72.99
  • Assessed Land Value: 348117
  • Total Assessed Value: 476916
  • Assessor Parcel Number: 5062-011-024
  • Lot Location: Corner Lot
  • Lot Size Area: 6418

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 13.35
  • Number Of Units: 4
  • Type Of Units: Multi

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 8, 2023
Closed on
Dec 19, 2023
Sold by
Rafii Farshad and Rafii Farideh
Bought by
Pak Korman Hobby and Hsu Joanna Cheng-Lien
Seller's Agent
Oron Maher
Maher Commercial Realty
Buyer's Agent
Oron Maher
Maher Commercial Realty
List Price
$1,345,000
Sold Price
$1,185,000
Premium/Discount to List
-$160,000
-11.9%
Views
1093
Current Estimated Value
$1,259,942

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$74,942
Avg. Annual Appreciation
3.39%
Original Mortgage
$948,000
Outstanding Balance
$931,620
Interest Rate
7.29%
Mortgage Type
New Conventional
Estimated Equity
$328,322

Purchase Details

Listed on
Apr 24, 2012
Closed on
Jun 28, 2012
Sold by
Lasalle Bank National Association
Bought by
Rafii Farshad and Rafii Farideh
Seller's Agent
Mathew Matti
Re/Max Tri-City
Buyer's Agent
Levon Matti
List Price
$399,000
Sold Price
$425,000
Premium/Discount to List
$26,000
6.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.35%

Purchase Details

Listed on
Apr 24, 2012
Closed on
Jun 18, 2012
Sold by
Hekmat Farah Laaly
Bought by
Hekmat Farshid
Seller's Agent
Mathew Matti
Re/Max Tri-City
Buyer's Agent
Levon Matti
List Price
$399,000
Sold Price
$425,000
Premium/Discount to List
$26,000
6.52%

Purchase Details

Closed on
Feb 3, 2009
Sold by
Odiase Charles U
Bought by
Lasalle Bank National Association

Purchase Details

Closed on
Nov 23, 2006
Sold by
Odiase Charles U
Bought by
Odiase Anthony Osa

Purchase Details

Closed on
Jun 9, 2006
Sold by
Baptiste Barbie
Bought by
Odiase Charles U

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$542,500
Interest Rate
7.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 28, 2005
Sold by
Banks Pose R and Banks Eleanor A
Bought by
Baptiste Barbie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$616,000
Interest Rate
8.5%
Mortgage Type
Balloon

Purchase Details

Closed on
Mar 18, 2005
Sold by
Banks Pose R and Banks Eleanor A
Bought by
Banks Pose R
Source: Public Records

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

Purchase History

Date Buyer Sale Price Title Company
Pak Korman Hobby $1,185,000 Old Republic Title Company
Rafii Farshad $411,000 None Available
Hekmat Farshid -- North American Title Co Inc
Lasalle Bank National Association $474,750 Landsafe Title
Odiase Anthony Osa -- None Available
Odiase Charles U $775,000 Fidelity National Title
Baptiste Barbie $700,000 Fidelity National Title Comp
Banks Pose R -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pak Korman Hobby $948,000
Previous Owner Odiase Charles U $542,500
Previous Owner Baptiste Barbie $616,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/27/2023 12/27/23 Sold $1,185,000 -4.8% $436 / Sq Ft
11/26/2023 11/26/23 Pending -- -- --
10/11/2023 10/11/23 Price Changed $1,245,000 -3.9% $458 / Sq Ft
09/26/2023 09/26/23 Price Changed $1,295,000 -3.7% $476 / Sq Ft
09/08/2023 09/08/23 For Sale $1,345,000 0.0% $494 / Sq Ft
08/15/2022 08/15/22 Rented $2,790 0.0% --
08/14/2022 08/14/22 Under Contract -- -- --
07/23/2022 07/23/22 For Rent $2,790 0.0% --
07/09/2012 07/09/12 Sold $425,000 +6.5% $156 / Sq Ft View Prior Sale
05/08/2012 05/08/12 Pending -- -- --
04/24/2012 04/24/12 For Sale $399,000 -- $147 / Sq Ft
Source: The MLS

Tax History Compared to Growth

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 $14,727 $1,208,700 $953,700 $255,000
2024 $14,727 $1,185,000 $935,000 $250,000
2023 $6,349 $486,453 $355,079 $131,374
2022 $6,070 $476,916 $348,117 $128,799
2021 $5,983 $467,566 $341,292 $126,274
2019 $5,813 $453,700 $331,170 $122,530
2018 $5,712 $444,805 $324,677 $120,128
2016 $5,447 $427,534 $312,070 $115,464
2015 $5,371 $421,113 $307,383 $113,730
2014 $5,415 $412,865 $301,362 $111,503
Source: Public Records

Agents Affiliated with this Home

  • Oron Maher

    Seller's Agent in 2023

    Oron Maher

    Maher Commercial Realty

    (630) 649-9961

    1 in this area

    38 Total Sales

    Oron Maher
    Section Image
  • Rodney Wittbrodt

    Seller's Agent in 2022

    Rodney Wittbrodt

    Compass

    (310) 795-4100

    48 Total Sales

    Rodney Wittbrodt
    Section Image
  • Mathew Matti

    Seller's Agent in 2012

    Mathew Matti

    RE/MAX

    (818) 438-7123

    26 Total Sales

    Mathew Matti
    Section Image

  • L

    Buyer's Agent in 2012

    Levon Matti

See All Agents

Map

Source: The MLS

MLS Number: 23-309209

The MLS

APN: 5062-011-024

California Los Angeles County Los Angeles 90016 Mid-City

2101 S Sycamore Ave, Los Angeles, CA

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