1320 N Sycamore Ave, Los Angeles, CA 90028

For sale are the 39 units at 1320 N Sycamore Avenue in Hollywood, California. Known as The Retreat, 1320 N Sycamore was constructed in 1987 and has been thoroughly updated in recent years to ensure a competitive advantage in the highly desirable Hollywood rental market. Given the buildings completion date, it is not subject to the City of Los Angeles's Rent Stabilization Ordinance. The property consists of one building with three floors of residential units over 2 levels of subterranean parking. Units include (15) 2+2, (3) 2+1, (15) 1+1 and (6) studio floorplans. Interiors have been finished with laminate flooring, modern cabinetry, quartz countertops, white subway tiles, stainless steel appliances and chrome hardware. The building offers central HVAC (studios use wall units) and approximately half of the condenser units have been replaced. Residents enter the building through a secured and recently remodeled lobby with a managers office. There are private balconies in the units as well as shared outdoor spaces with a fire pit, barbecues and abundant seating areas. Each residential floor has its own laundry room and trash chute. Furthermore, the elevator system was completely overhauled with new mechanical components as well as a fresh cab. On the lower parking level there is a large maintenance room with security system monitoring station.