1842 S Sycamore Avenue, Los Angeles, CA 90019

• 24 beds
• 6,623 sqft

Property Description

"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 9.3 % 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 6.09 % cap rate based on projected market rents and standard operating expenses.Built in 2022, this modern fourplex sits on a 6,253-square-foot lot and consists of four expansive six-bedroom, five-bathroom residences (24 bedrooms, 20 bathrooms total), encompassing approximately 6,623 square feet (per public records). Each residence is finished to a luxury hospitality standard, featuring European-style designer kitchens, premium porcelain countertops, stainless steel appliances, LG washers and dryers in each unit, luxury SPC engineered flooring, floating bathroom cabinetry, walk-in showers, high ceilings, and expansive open-concept floor plans.The property is fully tech-enabled, with Cat-6 internet and HDMI pre-wired in every room, making it ideal for short-term guests, executives, and remote professionals. Additional highlights include a controlled gated driveway, HD multi-camera security system, private rear yard, multiple balconies, and 10 parking spaces, consisting of two 2-car covered garages (four garage spaces) and six exterior spaces. The asset is currently operated as a short-term rental business, with the option to rent each bedroom individually. Every bedroom is designed for independent occupancy and features a private bathroom and digital lock, allowing for efficient management, flexible pricing, and optimized income potential. For buyers seeking a traditional strategy, the property may also be repositioned for long-term leasing. Market rents are projected at approximately $6,500 per unit, depending on final configuration and leasing strategy, with potential u

Listing Status:

Active

Date Added:

April 18, 2026

Data Last Updated:

May 20, 2026 at 7:06AM

Listing Office:

Compass : 310-230-5478

Listing Agent:

Jennie Martin : 310-467-5999

MLS ID:

CL26752733

Interior

• Laundry: DryerWasher
• A/C: Central Air
• Heating: Central

Exterior

• Parking: OtherParking spaces: 10

Location

• County: Los Angeles

Lot

• Zoning: LARD1.55067016023