Views - New Construction
Address
1327 S Tremaine Avenue Los Angeles, CA
Price
$ 1,395,000
Property Attributes
  • MLS#21711772
  • TypeIncome
  • CountyLOS ANGELES
  • CityLos Angeles
  • AreaHancock Park
  • Zip90019
  • StyleSpanish
  • Price$ 1,395,000
  • Bedrooms2
  • Full Bathrooms2
  • Half Bathrooms0
  • Lot Size6,970 SqFt
Listing Provided Courtesy Of:
Will Tiao with The Collective Realty.
Data Source:
CRMLS
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!

Price History
4/1/2021 Listed $1,395,000

General Features

Appliances Gas Oven, Range, Refrigerator, Range Hood
Architectural Style Spanish
Construction Materials Stucco
Facing Direction East
Flooring Vinyl
Garage Spaces 3
Garage Y/N Yes
Heating Forced Air
Interior Features Crown Molding, Recessed Lighting, Walk-In Closet(s)
Levels One
MLS Area HPK - Hancock Park
Parking Features Door-Multi, Driveway, Garage, One Space
Pool Features None
Property Type Residential Income
PropertyCondition Updated/Remodeled
Roof Composition
Rooms Master Bathroom, Living Room, Family Room, Entry/Foyer
Sewer Sewer Tap Paid
Spa Features None
Total Units 2
View City Lights
Zoning LAR2

Interior Features

Fireplace Features None
Heating Y/N Yes
Laundry Features Laundry Room
Window Features Double Pane Windows, Screens

Exterior Features

Foundation Details Raised
Lot Features Front Yard
Lot Size Acres 0.16
Lot Size Area 7400
Lot Size Source Assessor
Lot Size Square Feet 7400
Lot Size Units Square Feet
Number of Buildings 1
Number of Separate Electric Meters 2
Number of Separate Gas Meters 2
Total Parking 3
View Y/N Yes

Room Details

Room Dimensions Level Flooring Details
Entry/Foyer
Family Room
Living Room
Master Bathroom

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 90019

Price
AVG $1.94M
$1.4M
Visits
AVG 47
1
Year Built
AVG 1932
1922
Walkscore
AVG 85
90
Data Provided by Walkscore ® not using MLS data

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