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    1307 Tamarind Ave

    Los Angeles, CA 90028
    • $2,180,000
    • STATUS: Active
    • ON SITE: 90 days
    • ID#: 20-626692
    Price Reduced
    UPDATED: 41 min ago
    $2,180,000
    • 11
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,741
      SQFT
    • $380
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1965
    County:
    Area:

    School Ratings & Info

    Description

    Fantastic 7 unit value-add multi-family income opportunity in Prime Hollywood location! 3 of 7 units delivered vacant, with the potential for 2 more. 1307 Tamarind Avenue is a 7-unit multifamily asset located in the Heart of Hollywood. Situated on a 6,503 SF R4 lot, 1307 Tamarind is ideally located just steps from the World-Famous Sunset Boulevard, walking distance to an array of shops and restaurants, as well as the worlds most iconic travel and sightseeing destinations. Built in 1965, this 7-unit multi-family property is also located in the Hollywood Opportunity Zone, providing a savvy investor the opportunity to maximize rents in this hot development area. Great opportunity to pick up more units near the Sunset Gower Studio 500,000 square foot expansion, Netflix, HBO and Viacom. The location and the opportunity don't get much better than this! Fantastic location, income upside potential, walkability to work and play. Excellent Income Producing Asset in Prime Hollywood Location!

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-12-01T06:43:15.98. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.trulinerealty.com/homes/109584794
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    1307 Tamarind Ave Los Angeles, CA 90028

    • Price: $2,180,000
    • Status: Active
    • Updated: 41 min ago
    • ID#: 20-626692
    11
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    5,741
    SQFT
    $380
    $/SQFT
    1965
    Built
    Neighborhood:
    Hollywood
    County:
    Los Angeles
    Area:
    Hollywood
    Property Description
    Fantastic 7 unit value-add multi-family income opportunity in Prime Hollywood location! 3 of 7 units delivered vacant, with the potential for 2 more. 1307 Tamarind Avenue is a 7-unit multifamily asset located in the Heart of Hollywood. Situated on a 6,503 SF R4 lot, 1307 Tamarind is ideally located just steps from the World-Famous Sunset Boulevard, walking distance to an array of shops and restaurants, as well as the worlds most iconic travel and sightseeing destinations. Built in 1965, this 7-unit multi-family property is also located in the Hollywood Opportunity Zone, providing a savvy investor the opportunity to maximize rents in this hot development area. Great opportunity to pick up more units near the Sunset Gower Studio 500,000 square foot expansion, Netflix, HBO and Viacom. The location and the opportunity don't get much better than this! Fantastic location, income upside potential, walkability to work and play. Excellent Income Producing Asset in Prime Hollywood Location!
    Exterior Features

    Direction Faces East Levels Two Lot Size Area 6503 Other Structures None Parking Garage Carport Attached Pool Description None Pool YN No Roof Flat Spa None Spa YN No Style Contemporary Tennis Court None Tennis YN No Total Parking 0 Water Frontage None

    Interior Features

    Baths Total 11.00 Common Walls Attached Cooling Wall Unit(S) Equipment Ceiling Fan Heating Radiant Laundry Laundry Area Laundry Equipment Lease Water Heater Features None

    Property Features

    Assessed Total Value 560456 Gross Income 149040 Gross Operating Income 144569 Like Units1 5 Like Units2 2 Net Operating Income 101779.00 Number Of Buildings 1 Number Of Units 7 Owner Pays GardenerWater Rent Control YN Yes Sale Type Standard Security Features Automatic GateCarbon Monoxide Detector(S)Smoke Detector Source Living Area Title Company Source Lot Size Area Estimated Total Annual Expense 42790 Type Of Units Apartments Year Built Source Vendor Enhanced Zoning Lar4

    Listing provided courtesy of Dana Brody DRE#01429001 of Dana Brody.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-12-01T06:43:15.98. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    TruLine Realty
    8644 Wilshire Blvd. Suite 204
    Beverly Hills CA, 90211