01/26/2026
Price $ 3,999,000 market-leading cap rate of 8.82% and an NOI of $352,901
High-Yield Short-Term Rental Asset with Proven Consistent Income
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 Ave is a fully permitted, non-rent-controlled (not subject to RSO) asset offering exceptional scale, flexibility, and strong in-place performance, tailored to the savvy short-term rental investor.
The short-term rental operation generates over $500K in gross annual income, supporting a market-leading cap rate of 8.82% and an NOI of $352,901, assuming the current listed price and all operating expenses. This level of yield is exceptional for Los Angeles and is 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 $230,741, representing an estimated 5.77% cap rate based on projected market rents and standard operating expenses.
Built in 2022, this modern fourplex sits on a 6,253 Sqft lot and consists of four expansive 6-bedroom, 5-bathroom units (24 bedrooms, 20 bathrooms) totaling approximately 6,623 square feet (per public records).
The property 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.
Each residence is finished to a luxury hospitality standard, featuring European designer kitchens, premium porcelain countertops, stainless steel appliances, LG washers and dryers in every 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, 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.
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 upside if units are reconfigured to restore living rooms to conventional layouts. Buyers should note that returning the units to traditional five-bedroom configurations may require additional capital, making the current layout best suited for operators focused on short-term or flexible rental models.
Desirably positioned just minutes from downtown Culver City, Ivy Station, Platform, and major entertainment and tech hubs, the property benefits from consistent demand driven by entertainment, technology, and creative professionals.
Delivered vacant at close of escrow, this asset offers immediate flexibility and income generation for a buyer to continue the high-performing short-term rental model or reposition as desired. Properties of this quality, scale, and income profile—particularly those not subject to rent control—rarely come to market. Showings with accepted offer only. Drive-by only. Do not disturb residents.