1122 S Sycamore Ave, Los Angeles, CA 90019

Jan 10

Written By Jake Glaser

Spanish-Style Duplex in Mid City | Represented 1031 Exchange Buyer

Sold: $1,550,000

Property Highlights

Spanish-style duplex with two large 2BD / 1.5BA units totaling 3,145 SF
Represented buyer as part of a multi-leg 1031 exchange
Timeless architectural details including coved ceilings, arched hallways, and hardwood floors
Private backyard plus detached 2-car garage and additional driveway parking
Prime location near Larchmont Village, The Grove, and Beverly Hill
Glaser Group Exclusively Represented the Buyer in 40 day closing

The Deal Story

The Glaser Group is proud to announce the successful closing of 1122 S Sycamore Avenue, Los Angeles, CA 90019, a 3,145 square foot Spanish-style duplex located in the heart of Mid-City.

Our team exclusively represented the Buyer in this transaction as part of a strategic 1031 exchange. As part of the client’s plan to liquidate a partnership interest in a nearby rental property, we executed on their business plan to reinvest the proceeds into similar investment assets with long-term upside. This acquisition marks the first of two up-leg transactions we are assisting the Buyer with.

We identified a motivated Seller who was also entering a 1031 exchange, snowballing their equity into a larger multifamily asset. The alignment between both parties created a clear path to a smooth and efficient transaction.

Despite multiple competing offers, we were able to secure the property through clean terms, a proven track record of closing, and strong communication with the listing team. Escrow closed in just under 40 days from start to finish. Financing was arranged by Jonathan Yoo at Convoy Capital, helping ensure a seamless execution.

If you’re considering a sale, exchange, or acquisition, contact The Glaser Group at (310) 230-5157.