1185 S Tremaine Ave
Property 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 $1,318.40 per month, with a scheduled rent increase to $1,357.95 effective October 1, 2026. 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. Buyer to conduct their own due diligence regarding permits, zoning, development potential, and public records. Photos shown are of the remodeled vacant units only.
Broker Details
Bogari International Realty (310) 717-0029
MLS ID: X57161 State License Number: 01335549
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $1,500,000 |
| No. of Units: | 3 |
| Year Built: | 1923 |
| Lot Size: | 2,744.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $500,000 |
| Property Website | Click Here |
| Number of Bedrooms: | 4 |
| Number of Bathrooms: | 3 |
ID: 3yd-CLAWCA-26840829
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