TIC Conversion Partnership Opportunity! Welcome to The Sycamore Bungalow Court, a 10 unit 1920s Spanish Colonial Revival apartment community located in the highly desirable Hancock Park neighborhood adjacent to West Hollywood. Comprising (2) remodeled 2 bed/2 bath and (8) 2 bed/1.5 bath townhouse style units averaging 1,175 sqft, each unit offers private entrances, interior features characteristic of a single family house, and is equipped with individual water heaters, in unit W/D hookups, and separate meters for gas and electric. Sitting on an extra large 16,320 sqft lot zoned LARD1.5, the property is fully parked with 12 on site spaces and features central open space, low maintenance landscaping, and a new irrigation system. All units also showcase new torch down roofs and 125 amp electrical sub panels. For TIC/condo developers, this property presents a potential exit value of $8,000,000+ by remodeling each house like unit for individual sale between $775,000 to $825,000. This centrally located trophy asset is being offered at only $395/sqft with 62% rental upside and significant value add potential via interior/exterior renovations and a TIC conversion. Ask the broker for the Offering Memorandum and a TIC partnership opportunity!