1335 S Sycamore Ave, Los Angeles, CA 90019

Property Description

VERY RARE FIND: 2 VACANT UNITS IN MIRACLE MILE. UPPER UNIT VACANT NOW & TENANT IN BOTTOM UNIT WILL VACATE BY APRIL 30, 2023/CLOSE OF ESCROW. Situated on the southern end of Miracle Mile, this beautiful Spanish Duplex has been renovated and updated with all the modern amenities. 1335-1337 S Sycamore Ave. is an excellent option for an owner/user who wants extra monthly rental income to offset a mortgage or for a savvy, long term investor who's interested in purchasing an asset with much upside potential. In addition to the opportunity of procuring market rents, there's a detached, 3 car garage that can likely be turned into an ADU. The upper unit (1335) is VACANT, remodeled, freshly painted, flooded with natural light and original, hardwood floors. When stepping into the living room, the huge picture window highlights the lush green trees outside and gives the space an open and airy feeling. There is a formal dining room and a separate kitchen with newer appliances, granite counter tops and an eat in breakfast area. A bonus room with charming French doors rounds out the space and can be used as an office, cozy den or workout spot. The two, bright + spacious bedrooms have ample closet space and privacy as they are at opposite sides of the hallway and separated by a full bathroom. The lower unit (1337) has the same foot print and includes both improvements and original character. The current tenant has lived there for 8 years and is being bought out of her lease. **In both units, the laundry room is located off of the kitchen and there's enough space to possibly build a 2nd bathroom. The backyard is fenced and gated with mature trees, a grass area; space for outdoor entertaining; a 3 car garage/potential ADU. The owners have taken meticulous care of the property. Upgrades include: HVACs in both units; foundation bolting; upgraded electrical panel; new roof (2018); copper piping throughout the building and recently replaced water heaters. While the property is situated on a serene, treelined street, it's also in close proximity to Pico Blvd; La Brea; Fairfax, Olympic and plenty of shopping, eateries, entertainment and public transportation. Upper Unit is no longer staged. Property sold as is.