1185 Tremaine, Los Angeles, CA 90019

Description

HUGE PRICE REDUCTION TO SELL FAST! Beautifully remodeled property in the highly desirable Hancock Park neighborhood, situated on an expansive 8,389 SF R2 corner lot and featuring three charming one-story detached cottages, each with its own private backyard, separate gas and electric meters, individual garage, and laundry room. The front vacant 2-bedroom, 1-bath cottage and rear vacant 1-bedroom, 1-bath cottage have been extensively remodeled with new appliances, recessed lighting, upgraded electrical, new water heaters, new water and sewer lines, split A/C systems, and new landscaping with automatic sprinklers. Projected rents are $4,500 and $3,700 per month, respectively. The middle 1-bedroom cottage is occupied by a long-term tenant at $1,318.40 per month, with a scheduled 3% increase to $1,357.95 effective October 1, 2026. Excellent off-street parking and a rare opportunity for owner-users, 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.

Features

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• 0.19 Acres