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4-Bedroom Residential Income - 1185 S Tremaine Avenue, Los Angeles, CA

$1,500,000

1185 S Tremaine Avenue, Los Angeles, CA

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Description

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.

Property details

Bedrooms
4
Bathrooms
3
Square feet
2,744
Year built
1923
Property type
Residential Income
Lot size
8,389 sqft

Location

1185 S Tremaine Avenue • Los Angeles, CA 90019

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Listed by

Faye Bogari · Bogari Agency

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