1416 N Sycamore Avenue, Los Angeles, CA 90028

About this property

Exceptional development opportunity in the heart of Hollywood surrounded by some of LA's most sought after offerings. Preliminary calculations, based on the 6023 lot size, present the opportunity to build 7 units with 1 reserved for low income utilizing the on menu density bonus program. The new owner may explore alternative development strategies as well including an off menu density bonus build. Current home has undergone a recent remodel and could generate income during the permitting process. Home will be delivered vacant. Buyer to independently investigate and satisfy itself with all matters related to potential redevelopment of the property. There are no warranties or representation from Seller or Seller's broker/agent.

Listing description from the May 2023 sale, as reported to CRMLS.

Sale history

$1,407,000

Sold May 2023 · listed $1,495,000, orig. $1,595,000, on market March 2023 · MLS #23247905 · Source: CRMLS

Listing Agent: Daniel Stevenson · Listing Office: The Agency · Contact: 424-230-3700 · Bought with: Bobbi Shiflett · KW Advisors

$1,407,000

Sold May 2023 · listed $1,495,000, orig. $1,595,000, on market March 2023 · MLS #23247717 · Source: CRMLS

Listing Agent: Daniel Stevenson · Listing Office: The Agency · Contact: 424-230-3700 · Bought with: Bobbi Shiflett · KW Advisors

$1,512,000

Sold December 2020 · listed $1,499,000, on market October 2020 · MLS #20643094 · Source: CRMLS

Listing Agent: Anthony Boscarino · Listing Office: Coldwell Banker Realty · Contact: 310-777-6200 · Bought with: Krikor Demirjian · Bellamar Realty

$1,380,500

Sold June 2018 · listed $1,250,000, on market May 2018 · MLS #18342424 · Source: CRMLS

Listing Agent: Ladd Jackson · Listing Office: Hilton & Hyland · Contact: 310-278-3311 · Bought with: Aram Afshar · Coldwell Banker Residential Br

$917,000

Sold October 2014 · listed $899,000, on market September 2014 · MLS #14792833 · Source: CRMLS

Listing Agent: Ladd Jackson · Listing Office: Hilton & Hyland · Contact: 310-278-3311 · Bought with: Ed Solorzano · Berkshire Hathaway HomeService

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