366 N Sycamore Ave 5 Unit Apartment Building $3,395,000 ($679,000/Unit) 4.53% Cap Rate Los Angeles, CA 90036

366 N Sycamore Avenue presents a rare opportunity to acquire four uniquely designed multifamily units in Los Angeles’ highly desirable Hancock Park neighborhood. This Mediterranean-influenced property, situated on a generous 9,570 SF lot, provides investors with historically strong returns and exceptional long-term upside. With detached garages and an ADU potential addition, the asset accommodates expansion possibilities that enhance both flexibility and cash flow.
The building’s architectural character showcases distinctive detailing, landscaped grounds, and rich curb appeal, elevating its desirability among renters and ensuring sustained demand. Positioned near Melrose and La Brea, the property benefits from proximity to popular retail corridors, fine dining, and key entertainment destinations. Thoughtfully maintained units combine functionality with charm, offering an appealing blend of vintage integrity and contemporary comfort that suits tenant expectations in this thriving market.
With consistent occupancy rates and a Gross Rent Multiplier of 15.40, this investment promises reliable income potential in one of Los Angeles’ strongest residential submarkets. Surrounded by prestigious neighborhoods, cultural attractions, and major employers, 366 N Sycamore represents a stable and appreciating income property for discerning investors.