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    1327 S Tremaine Ave

    Los Angeles, CA 90019
    • $1,395,000
    • STATUS: Active Under Contract
    • ON SITE: 36 days
    • MLS #: 21-711772
    Under Contract
    UPDATED: 16 min ago
    $1,395,000
    • 5
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,240
      SQFT
    • $623
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1922
    County:

    School Ratings & Info

    School District:

    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 the Combined LA/Westside Multiple Listing Service as of 2021-05-08T22:42:16.577. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.markwiseproperties.com/homes/115655514
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    1327 S Tremaine Ave Los Angeles, CA 90019

    • Price: $1,395,000
    • Status: Active Under Contract
    • Updated: 16 min ago
    • MLS #: 21-711772
    5
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    2,240
    SQFT
    $623
    $/SQFT
    1922
    Built
    Neighborhood:
    Hancock Park-Wilshire
    County:
    Los Angeles
    Area:
    Hancock Park-Wilshire
    School District:
    Los Angeles Unified
    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

    Covered Parking 3 Cross Streets San Vicente And La Brea Direction Faces East Entry Location Ground Level - No Steps Exterior Construction Stucco Garage Structures Total 1 Levels One Lot Description Front Yard Lot Location City Lot Size Area 7400 Other Structures None Parking Garage DrivewayGarage - 3 CarParking Space Patio Features None Paved YN Yes Pool Description None Pool YN No Roof Composition Spa None Spa YN No Sprinklers Sprinkler System Style Spanish Tennis Court None Tennis YN No Total Parking 5 View Description City View YN Yes Water Frontage None

    Interior Features

    Bathroom Features Linen ClosetLow Flow Shower(S)Low Flow Toilet(S)RemodeledShower Over TubTile Baths Total 4.00 Bedroom Features All Bedrooms DownGround Floor MasterWalkinclosetMaster Bedroom Common Walls Attached Cooking Appliances Oven-GasRangeRange HoodFree Standing Gas Cooling Window Unit(S) Den No Dining Room No Equipment Range/OvenRefrigeratorGas Or Electric Dryer HookupHood Fan Family Room Yes Fireplace Rooms None Flooring Vinyl Foundation Details Raised Heating Forced Air Interior Features Common WallsCrown MoldingsDrywall WallsRecessed LightingTurnkey Kitchen Features Open To Family RoomGranite CountersStone Counters Laundry In UnitLaundry AreaRoom Laundry Equipment Own Rooms Dining AreaEntryFamily RoomLiving RoomMaster BedroomWalk-In Closet Water Heater Features Central Water Heater Windows Double Pane WindowsScreens

    Property Features

    Alley YN No Assessed Total Value 351328 Gross Income 76080 Gross Operating Income 76080 Like Units1 1 Like Units2 2 Net Operating Income 52720.00 Number Of Buildings 1 Number Of Units 2 Owner Pays WaterGardener Property Condition Updated/Remodeled Rent Control YN Yes Sale Type Standard Security Features None Sewer In Connected And Paid Source Living Area Assessor Source Lot Size Area Assessor Tenant Pays ElectricityGasTrash CollectionCable Tv Total Annual Expense 23360 Type Of Units Attached Water District Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning Lar2

    Listing provided courtesy of Will Tiao DRE#01918965 of The Collective Realty.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-05-08T22:42:16.577. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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