1825 Tamarind Ave

Los Angeles, CA 90028

  • 19 Bed(s)
  • 0 Bath(s)
  • 17,095 Sqft
  • 18513
    Sqft(Lot)
$6,700,000

Description

This is a bankruptcy sale that will be subject to a court overbid. we are pleased to present 1825 tamarind ave, a multifamily investment opportunity totaling 33 units in prime hollywood just south of franklin ave across the street from the church of scientology. the subject property consists of two structures featuring a unit mix of 20 singles, nine one-bedrooms, three two-bedrooms, and one three bedrooms; there are 33 parking spaces, a mix of tuck under parking and uncovered spaces at the rear of the property; nine units will be delivered vacant at the close of escrow, allowing an investor to renovate and achieve market rents immediately. true value add opportunity with the majority of the rents below market;5.35% cap rate & 10.89 grm at the asking price with an additional 28% rental upside; additionally, the abundant parking and storage spaces create an opportunity to add several adu's via the newly passed sb1211 (buyer to verify). units are well-maintained but can be enhanced through interior renovations to achieve market rents such as new flooring, recessed lighting or new fixtures, updated bathrooms & kitchens, and appliances. high walk score of 87, half of a mile from the metro b rail line and walking distance to multiple metro local lines along franklin ave. major employers in los angeles such as live nation, capitol records, hbo and netflix among many others. significant affordability gap to home ownership in hollywood. the monthly payment on a median-priced home inclusive of condos is drastically higher than average rents in the area, which serves as a constant occupancy driver for apartment communities in hollywood.

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    48273124

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Property Details

  • Bedroom Information

    • Total Bedrooms : 19

    Bathroom Information

    • Total Baths: 38
    • Full Baths: 0
    • Half Baths: 0

    Cooling Features

    • None
    • Air Conditioning

    Heating Source

    • None
    • Has Heating

  • Building Information

    • Year Built: 1965
    • Building Area Total: 17,095

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.425
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 18513

  • Listing Price Information

    • Original List Price: 6,700,000
    • Listing Contract Date: 2024-12-23

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: UNAVAILABLE

  • Garage and Parking

    • Garage Description: None

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: C20 - Hollywood
    • Directions: Just south of Franklin Ave
    • Zoning: R3-1
    • Source Property Type: Residential Income
    • Area: C20 - Hollywood

    Building and Construction

    • Property Age: 60
    • Year Built Source: Assessor
    • Total Square Feet Living: 17095
    • Levels or Stories: Three Or More
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BuyOwner last updated this listing 05/13/2025 @ 20:54

  • MLS: 25478521
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 19 bedrooms which is for sale, it has 17,095 sqft, 18,513 sized lot, and 0 parking. are nearby neighborhoods.