Los Angeles, CA 90019 1327 S Tremaine Avenue

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  • MLS# 21711772
  • 04/01/2021
  • Request Tour
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Presented By: Will Tiao with The Collective Realty.
  • Beds • 2
  • Baths • 2
  • Garage • 3
  • Year Built • 1922

Home Details

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!
Presented By: Will Tiao with The Collective Realty.

Interior Features for 1327 S Tremaine Avenue

Other Interior Features

Fireplace FeaturesNone
Fireplace Y/NNo
Heating Y/NYes
Laundry FeaturesLaundry Room
Window FeaturesDouble Pane Windows, Screens

Room Details for 1327 S Tremaine Avenue

Entry/Foyer

roomtype Entry/Foyer

Family Room

roomtype Family Room

Living Room

roomtype Living Room

Master Bathroom

roomtype Master Bathroom

General for 1327 S Tremaine Avenue

Additional Parcels Y/NNo
AppliancesGas Oven, Range, Refrigerator, Range Hood
Architectural StyleSpanish
Construction MaterialsStucco
Facing DirectionEast
FlooringVinyl
Garage Spaces3
Garage Y/NYes
HeatingForced Air
Interior FeaturesCrown Molding, Recessed Lighting, Walk-In Closet(s)
LevelsOne
MLS AreaHPK - Hancock Park
Parking FeaturesDoor-Multi, Driveway, Garage, One Space
Pool FeaturesNone
Private PoolNo
Property TypeResidential Income
PropertyConditionUpdated/Remodeled
RoofComposition
RoomsMaster Bathroom, Living Room, Family Room, Entry/Foyer
Senior Community Y/NNo
SewerSewer Tap Paid
Spa FeaturesNone
Total Units2
ViewCity Lights
ZoningLAR2

Exterior for 1327 S Tremaine Avenue

Foundation DetailsRaised
Lot FeaturesFront Yard
Lot Size Acres0.16
Lot Size Area7400
Lot Size SourceAssessor
Lot Size Square Feet7400
Lot Size UnitsSquare Feet
Number of Buildings1
Number of Separate Electric Meters2
Number of Separate Gas Meters2
SpaNo
Total Parking3
View Y/NYes

Additional Details

Price History

Stephen Pliaconis

Pliaconis Realty Group
Price $1,395,000
MLS#21711772
List Date 04/01/2021
Property Type Income
Phone 310.658.1749
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