1842 S Sycamore Ave, Los Angeles, CA 90019

"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,