Hancock Park-Wilshire (C18) Real Estate

Hancock Park-Wilshire (C18) Real Estate

Welcome to Hancock Park-Wilshire (C18), a prestigious neighborhood nestled in the heart of Los Angeles, California. This historic region, located in Los Angeles County, boasts a rich tapestry of architectural marvels, tree-lined streets, and a vibrant community spirit.

Hancock Park-Wilshire is renowned for its stately homes, many of which showcase timeless designs from the early 20th century. The area exudes elegance and charm, with a mix of Spanish Colonial Revival, Tudor, and Mediterranean-style residences. Residents take pride in the well-preserved character of the neighborhood, making it a sought-after destination for those who appreciate classic beauty.

Beyond the architectural splendor, Hancock Park-Wilshire offers a convenient and luxurious lifestyle. The neighborhood is conveniently located near top-rated schools, upscale shopping destinations, and fine dining establishments. Residents can enjoy leisurely strolls in the picturesque streets or unwind in the tranquil surroundings of nearby parks.

With its central location in Los Angeles, Hancock Park-Wilshire provides easy access to the city's cultural attractions, entertainment venues, and business districts. Whether you're exploring the renowned museums along Museum Row or indulging in a shopping spree on Rodeo Drive, this neighborhood offers a perfect blend of sophistication and convenience.

Experience the allure of Hancock Park-Wilshire, where timeless elegance meets modern comfort in a vibrant urban setting. Come and discover why this neighborhood is not just a place to live, but a place to call home.

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.