1327 S Tremaine Avenue, Los Angeles, CA 90019

About this property

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!

Listing description from the June 2021 sale, as reported to CRMLS.

Sale history

$1,346,000

Sold June 2021 · listed $1,395,000, on market April 2021 · MLS #21711772 · Source: CRMLS

Listing Agent: Will Tiao · Listing Office: The Collective Realty · Contact: 310-569-1335 · Bought with: Elijah Shin · Dream Realty Asset Mgt, Inc.

$1,300,000

Sold February 2020 · listed $1,350,000, on market January 2020 · MLS #SR20002914 · Source: CRMLS

Listing Agent: Barrington Malcolm · Listing Office: Keller Williams Encino-Sherman Oaks · Contact: 818-380-5100 · Bought with: Barrington Malcolm · Keller Williams Encino-Sherman Oaks

Explore Los Angeles