Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Bedrooms

3

Building size

2,744 sqft

Lot size

8,389 sqft

Year built

1923

Stories

0

Garage spaces

3

Heating

Fireplace(s)

Pool

None

Status

Active

Days on market

130

MLS #

242797593

About this property

HUGE PRICE REDUCTION TO SELL FAST! Beautifully remodeled property in the highly desirable Hancock Park neighborhood, situated on an expansive 8,389-square-foot R2 corner lot. The property features three charming, detached, single-story cottages, each with its own private backyard, separate gas and electric meters, an individual garage, and a laundry room. The vacant front 2-bedroom, 1-bathroom cottage and vacant rear 1-bedroom, 1-bathroom cottage have been extensively remodeled with new appliances, recessed lighting, upgraded electrical systems, split air conditioning systems, and new landscaping. Projected monthly rents are $4,500 for the front 2-bedroom cottage and $3,700 for the rear 1-bedroom cottage. The middle 1-bedroom cottage is occupied by a long-term tenant paying $1,357.95. Excellent off-street parking and a rare opportunity for owner-occupants, investors, or future development. Soil and survey reports from 2022 are available upon request. Buyers to conduct their own due diligence regarding permits, zoning, development potential, and public records. Photos shown are of the remodeled vacant units only.

Location

1185 S Tremaine Avenue

Los Angeles, Los Angeles, CA, 90019