1784 N Sycamore AVE

HOLLYWOOD, CA, 90028

$12,500,000

$391 per ft²
$12,500,000
$391 per ft²
Active Under Contract
Active Under Contract
 - For Sale
beds
26 Beds
carpenters-square
31,959 ft²
property_type
Multi-family
calendar
Built 1968
Now presenting for sale The Hollywood Sycamore Tower Apartments located in arguably the best location in all of Hollywood. This unique, one-of-a-kind property is being offered for sale for the first time from the original builder/developer and operator from 1968 until now. This 42-Unit apartment community is located in the highly sought-after Hollywood Hills sub-market and is adjacent to the iconic Magic Castle and Yamashiro Restaurant, popular Runyan Canyon hiking trails, Hollywood and Highland and Franklin Avenue. The property provides a unique opportunity with strong & stable in-place income and further rental upside within one of the best rental markets in Los Angeles. The Hollywood Sycamore Tower, consists of a Four (4) story, center hall plan apartment complex, constructed in 1968, with an excellent unit composition of Single/One Bath, One Bedroom/One Bath and One Bedroom w/ Den and Two Bath Units. The building amenity package includes elevator service, trash receptacles and laundry on all three residential levels. Gated intercom entry and parking for nearly all residents. Additional amenities include a heated swimming pool, sauna, fitness area and two bathrooms (in various levels of renovation). Select upper units have City Lights views and/or Hollywood Hills views. Thanks to its neighborhood feel, the Hollywood Hills is the perfect area for young professionals looking for a vibrant location and a community feel. The immediate area is continually growing with an ever-increasing mix of stylish boutiques, restaurants, bars, coffee shops, and everything in between. The Hollywood Sycamore Tower has the potential to achieve significant future rental income growth through unit upgrades /enhancements since most units are rented at approx. 40% below current market rents. The Hollywood Sycamore Tower is fully parked for all residents. The property is NOT on the list of buildings that require a soft-story seismic retrofit.
MLS® ID:
SR22254772CN
Listed:
12/11/22
Updated:
2/5/23
Sotheby's International Realty
Gina Valona

Interior Features

Total Bedrooms
26
Total Bathrooms
0
Laundry Description
Laundry Area

Exterior/Building Features

Lot Size
0.36 acres lot
Sewer
Public Sewer

Other Property Details

Garage
No
Parking
Controlled Entrance, Gated
View
N
County
Los Angeles
Water Source
Public
Pool
Yes
Pool Description
Heated, Indoor, Private
Zoning
LAR4

Property History

Date
Event
Price
Value
1/30/23
Active Under Contract
-
-

Courtesy of Keller Williams Realty-Studio City, Michael Tootikian,
Listing Contact:  

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Gina Valona shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2023 Combined L.A./Westside MLS. All rights reserved.

Data last updated 2/5/23

Sotheby's International Realty
Gina Valona
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