Hancock Park-Wilshire (C18) Real Estate

Hancock Park-Wilshire (C18) Real Estate

Welcome to Hancock Park-Wilshire, a vibrant and historic neighborhood nestled in the heart of Los Angeles, California. Known for its charming tree-lined streets and stunning architecture, this area boasts a unique blend of classic elegance and modern convenience, making it one of the most desirable places to call home in the City of Angels.

Hancock Park-Wilshire is renowned for its rich history, characterized by beautiful homes dating back to the 1920s and 1930s, many of which reflect the stunning architectural styles of the time, including Mediterranean Revival and Tudor. The neighborhood is also home to the iconic Wilshire Boulevard, a bustling thoroughfare lined with trendy shops, gourmet restaurants, and cultural landmarks. Residents enjoy easy access to some of Los Angeles' best attractions, including the Los Angeles County Museum of Art (LACMA), the La Brea Tar Pits, and the historic Wiltern Theatre.

The community is not just about its picturesque surroundings; it also offers a strong sense of camaraderie among its residents. Local events, farmer's markets, and neighborhood gatherings foster a welcoming atmosphere that makes Hancock Park-Wilshire feel like a close-knit community.

Families will appreciate the proximity to top-rated schools and parks, providing ample opportunities for outdoor activities and recreation. Whether you’re strolling through the lush greenery of Hancock Park or enjoying a leisurely afternoon at one of the local cafes, this neighborhood perfectly balances urban living with a peaceful suburban feel.

Discover the charm and allure of Hancock Park-Wilshire, where history meets modern living in one of Los Angeles' most sought-after locales. Your dream home awaits in this enchanting neighborhood!

Newest Listings in Hancock Park-Wilshire (C18)

$2,200,000
10 Beds ⋅ 6 Baths ⋅ 26994213 MLS ⋅ Active Status
We are pleased to present 321 N Sycamore Avenue, a 4-unit courtyard building offered for sale in the Miracle Mile/Mid-Wilshire submarket of Los Angeles. Built in 1927 and held under the same ownership for over 40 years, the property comes to market for the first time in a generation. The property offers two 3+2 and two 2+1 units totaling approximately 7,340 SF on a 7,502 SF LAR3-zoned lot. The 3+2 units are approximately 1,950 SF each, substantially oversized relative to the submarket and well suited to attract long-term, high-quality tenants. The front 3+2 unit is being delivered vacant at close of escrow, providing an incoming buyer with immediate ability to renovate and lease at market rate with no displacement risk. The vacant unit also presents a compelling owner-user opportunity, allowing a buyer to occupy a large, character-filled 3+2 home in one of Los Angeles' most desirable mid-city neighborhoods while the remaining three units offset carrying costs. Priced at $2,200,000, the offering equates to $550,000 per unit and $299 per gross SF, representing an attractive entry basis for the submarket. Two of four units are significantly below market, with pro forma rents underwritten at $3,750 per month for 2+1 units and $4,625 per month for 3+2 units, driving a pro forma CAP rate of 6.18% and a market GRM of 10.95 against a 3.27% current CAP and16.92 current GRM. The LAR3 zoning and existing detached garage create a viable pathway for ADU conversion. The garage could be converted into an additional dwelling unit without replacing the parking, potentially adding a rentable unit to the property, increasing gross income, and meaningfully compressing the effective per-unit basis (buyer to verify). The property sits within the Citrus Square Historical District, with walkable access to Beverly Hills, West Hollywood, Cedars-Sinai Medical Center, and the Museum Row corridor along Wilshire Boulevard. The submarket is characterized by deep renter demand, minimal new supply, and consistently low vacancy, supported by some of the strongest household income demographics in LA.

321 N Sycamore Avenue, Los Angeles

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.