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    1327 S Tremaine Avenue

    Los Angeles (City), CA 90019
    • $1,395,000
    • STATUS: Active Under Contract
    • ON SITE: 41 days
    • ID#: 21711772
    Under Contract
    UPDATED: 28 min ago
    $1,395,000
    • 0
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,240
      SQFT
    • $623
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1922
    County:

    School Ratings & Info

    Description

    Incredible opportunity to own a beautifully renovated Spanish duplex with market rents in a fantastic Mid-Wilshire neighborhood, with 2 ready to build ADUs for a great price. The existing duplex (3BR/2BA and 2BR/2BA) has excellent curb appeal and strong market rents. Large living room with cozy fireplace and large formal dining room. Both kitchens are updated with quartz counters, stainless steel appliances, and separate laundry rooms off the kitchen. The long driveway leads to three detached private garages and two additional parking spaces in the front as well. Both units leased at strong market rents with no Covid rent deferments allowing for maximal passive income, while building 2 additional ADUs - if the ambitious owner so desires. Both ADU units (one 2BR/1BA and another 1BR/1BA) have architectural plans and all pre-construction feasibility work done. Pro Forma GRM with both ADU units is at 12.9 with a 6.4% Cap Rate. Perfect for owner/user or an investor looking to maximize ROI. Centrally located, this property is ideally situated close to Miracle Mile, The Grove, Beverly Center, LACMA Museum, restaurants and much more. Hurry as this deal won't last long!

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-13T16:38:05.463. 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 deemed reliable but is not guaranteed accurate by the MLS or Team Tami | Palm Realty Boutique. Licensed in the State of California, USA.
    www.playavistaliving.com/homes/115674127
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    1327 S Tremaine Avenue Los Angeles (City), CA 90019

    • Price: $1,395,000
    • Status: Active Under Contract
    • Updated: 28 min ago
    • ID#: 21711772
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    2,240
    SQFT
    $623
    $/SQFT
    1922
    Built
    Neighborhood:
    HPK - Hancock Park
    County:
    Los Angeles
    Area:
    HPK - Hancock Park
    Property Description
    Incredible opportunity to own a beautifully renovated Spanish duplex with market rents in a fantastic Mid-Wilshire neighborhood, with 2 ready to build ADUs for a great price. The existing duplex (3BR/2BA and 2BR/2BA) has excellent curb appeal and strong market rents. Large living room with cozy fireplace and large formal dining room. Both kitchens are updated with quartz counters, stainless steel appliances, and separate laundry rooms off the kitchen. The long driveway leads to three detached private garages and two additional parking spaces in the front as well. Both units leased at strong market rents with no Covid rent deferments allowing for maximal passive income, while building 2 additional ADUs - if the ambitious owner so desires. Both ADU units (one 2BR/1BA and another 1BR/1BA) have architectural plans and all pre-construction feasibility work done. Pro Forma GRM with both ADU units is at 12.9 with a 6.4% Cap Rate. Perfect for owner/user or an investor looking to maximize ROI. Centrally located, this property is ideally situated close to Miracle Mile, The Grove, Beverly Center, LACMA Museum, restaurants and much more. Hurry as this deal won't last long!
    Exterior Features

    Architectural Style Spanish Construction Materials Stucco Direction Faces East Entry Location Ground Level - No Steps Foundation Details Raised Lot Features Front Yard Number Of Separate Electric Meters 2 Parking Features Door-MultiDrivewayGarageOne Space Parking Total 3 Pool Features None Pool Private YN No Roof Composition Spa Features None Spa YN No View City Lights View YN Yes

    Interior Features

    Appliances Gas OvenRangeRefrigeratorRange Hood Fireplace Features None Fireplace YN No Flooring Vinyl Heating Forced Air Heating YN Yes Interior Features Crown MoldingRecessed LightingWalk-In Closet(S) Window Features Double Pane WindowsScreens

    Property Features

    Additional Parcels YN No Disclosures Rent Control Garage YN Yes Gross Income 76080 Laundry Features Laundry Room Levels One Listing Agreement Seller Reserved Listing Service Full Service Net Operating Income 52720 Number Of Separate Gas Meters 2 Number Of Units Leased 2 Property Condition Updated/Remodeled Rent Control YN Yes Senior Community YN No Sewer Sewer Tap Paid Special Listing Conditions Standard Tenant Pays Cable TvElectricityGasTrash Collection Vacancy Allowance Rate 0 Zoning Lar2

    Listing provided courtesy of Will Tiao of The Collective Realty


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-13T16:38:05.463. 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 deemed reliable but is not guaranteed accurate by the MLS or Team Tami | Palm Realty Boutique. Licensed in the State of California, USA.
     
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