1842 S Sycamore Avenue, Los Angeles, CA 90019

Local realty services provided by:Better Homes and Gardens Real Estate Royal & Associates
1842 S Sycamore Avenue,Los Angeles, CA 90019
$3,999,000
  • 24 Beds
  • - Baths
  • 6,623 sq. ft.
  • Multi-family
  • Active
Listed by: jennie martin
Office: compass
MLS#:CL26636697
Source:CA_BRIDGEMLS

Price summary

  • Price:$3,999,000
  • Price per sq. ft.:$603.8

About this home

"Proven and Durable Income Stream" A rare opportunity to acquire a purpose-built, income-driven luxury fourplex in the heart of prime Mid-City Los Angeles. 1842-1844 S. Sycamore Avenue is a fully permitted, non-rent-controlled (not subject to RSO) asset offering exceptional scale, flexibility, and strong in-place performance, tailored to the sophisticated short-term rental investor. The short-term rental operation generates over $500,000 in gross annual income, supporting a market-leading 8.82% cap rate and an estimated NOI of approximately $353,000, based on the current list price and a full operating expense assumption. This level of yield is exceptional for Los Angeles and difficult to replicate with traditional multifamily assets. For buyers evaluating a stabilized long-term rental strategy, the property also supports a projected NOI of approximately $231,000, representing an estimated 5.77% cap rate based on projected market rents and standard operating expenses.Built in 2022,

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Home facts

  • Year built:2022
  • Listing ID #:CL26636697
  • Added:1 day(s) ago
  • Updated:January 18, 2026 at 08:51 PM

Rooms and interior

  • Bedrooms:24
  • Living area:6,623 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Central

Structure and exterior

  • Year built:2022
  • Building area:6,623 sq. ft.
  • Lot area:0.14 Acres

Finances and disclosures

  • Price:$3,999,000
  • Price per sq. ft.:$603.8

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