Listing Agent: Faye Bogari      Broker/Office: Bogari Agency
1185 Tremaine Avenue S Los Angeles CA 90019
$ 1,799,000
  4   |    2   |    2744 Sq Feet

Listing ID

#26819739

Status

Active

Property Type

Single Family Residence

Property Style

Contemporary

County

Los Angeles

Year Built

1923

Days on website

2

Description
Stunning fully remodeled triplex located in the highly desirable Hancock Park neighborhood, set on an expansive 8,389 square foot corner lot. Zoning is R2 per assessor.The front two bedroom one bath unit and the rear one bedroom unit have been completely remodeled throughout, including brand new appliances, recessed lighting, upgraded electrical systems, new water heaters, new water and sewer lines, new split air conditioning systems, and newly designed landscaping with an automatic sprinkler system.The two vacant remodeled units offer exceptional flexibility for both owner users and investors. They were delivered vacant through cash for keys agreements and therefore have no rental restrictions. The future owner may rent these units at market rate. Once new leases are established, rent control will apply and future annual increases will be limited in accordance with local rent control regulations.The middle unit is currently occupied by a long term tenant paying $1,318.40 per month, providing immediate income. Showing of the occupied unit will be subject to an accepted offer.All units are charming standalone cottages, each with its own private outdoor space. The front vacant two bedroom unit features a beautifully landscaped front yard, a generous balcony overlooking the yard, and a spacious side yard with direct access to the garage. The middle occupied unit enjoys a large backyard with mature citrus trees and inviting landscaping. The rear remodeled vacant unit offers abundant natural light and a large private backyard with a deck, creating an ideal indoor-outdoor living experience. Additional highlights include a free-standing three-car garage, highly desirable off-street parking, individual laundry rooms, and separate gas and electric meters for each unit. With strong rental demand in the area, this property presents a rare opportunity for owner-occupancy, immediate income, and long-term value appreciation or future development potential. Soil and survey reports from 2022 are available upon request. Buyer to conduct their own due diligence regarding permits, zoning, and public records. Photos shown are of the remodeled vacant units only.
Location
Financial Information
List Price:  $ 1799000
Property Features
Appliances:  Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer
Furnished:  Unfurnished
Laundry Features:  Inside
Levels:  One
Parking Features:  Driveway, Garage
Patio And Porch Features:  Deck
Senior Community YN:  false
Sewer:  Other
Senior Community YN:  false
MLS Area Major:  C18 - Hancock Park-Wilshire
City:  Los Angeles
Listed By:   Faye Bogari   Bogari Agency 
CA Lic#