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    1307 Tamarind Ave

    Los Angeles, CA 90028
    • $1,950,000
    • STATUS: Active
    • ON SITE: 187 days
    • MLS #: 20-626692
    Price Reduced
    UPDATED: 57 min ago
    $1,950,000
    • 11
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,741
      SQFT
    • $340
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1965
    County:
    Area:

    School Ratings & Info

    Description

    Best Deal in Hollywood! To Be Delivered with Three Units Delivered Vacant, potential for more. Priced at $339 per foot, 1307 Tamarind is the perfect 7 unit value-add multi-family income opportunity in a Prime Hollywood location! Situated on a 6,503 SF R4 lot located in an Opportunity Zone, 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. Great opportunity for a savvy investor to pick up units in the hottest part of town, 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! Surrounded by luxury for rent and for sale product, 1307 Tamarind once renovated will provide future renters the ability to live in one of the best, most walkable neighborhoods in Los Angeles for a fraction of the cost of new luxury apartments. 1307 Tamarind features a mix of (5) 1+1 units and (2) 2+1.5 units. Seller is currently in the process of doing the required seismic retrofit work, will be completed before close. This is the value-add opportunity you have been looking for!

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-03-08T21:42:35.13. 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.searchdesertrealestate.com/homes/109584794
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    1307 Tamarind Ave Los Angeles, CA 90028

    • Price: $1,950,000
    • Status: Active
    • Updated: 57 min ago
    • MLS #: 20-626692
    11
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    5,741
    SQFT
    $340
    $/SQFT
    1965
    Built
    Neighborhood:
    Hollywood
    County:
    Los Angeles
    Area:
    Hollywood
    Property Description
    Best Deal in Hollywood! To Be Delivered with Three Units Delivered Vacant, potential for more. Priced at $339 per foot, 1307 Tamarind is the perfect 7 unit value-add multi-family income opportunity in a Prime Hollywood location! Situated on a 6,503 SF R4 lot located in an Opportunity Zone, 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. Great opportunity for a savvy investor to pick up units in the hottest part of town, 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! Surrounded by luxury for rent and for sale product, 1307 Tamarind once renovated will provide future renters the ability to live in one of the best, most walkable neighborhoods in Los Angeles for a fraction of the cost of new luxury apartments. 1307 Tamarind features a mix of (5) 1+1 units and (2) 2+1.5 units. Seller is currently in the process of doing the required seismic retrofit work, will be completed before close. This is the value-add opportunity you have been looking for!
    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 169188 Gross Operating Income 169188 Like Units1 1 Like Units2 1 Like Units3 3 Like Units4 2 Net Operating Income 115872.00 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 48240 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 2021-03-08T21:42:35.13. 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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