Fantastic 7 unit value-add multi-family income opportunity in Prime Hollywood location! 3 of 7 units delivered vacant, with the potential for 2 more. 1307 Tamarind Avenue is a 7-unit multifamily asset located in the Heart of Hollywood. Situated on a 6,503 SF R4 lot, 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. Built in 1965, this 7-unit multi-family property is also located in the Hollywood Opportunity Zone, providing a savvy investor the opportunity to maximize rents in this hot development area. Great opportunity to pick up more units 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!
Off market
$1,987,000
1307 Tamarind Ave, Los Angeles, CA 90028
11beds
11baths
5,741sqft
MultiFamily
Built in 1965
-- sqft lot
$1,987,000 Zestimate®
$346/sqft
$1,886 Estimated rent
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 11
- Bathrooms: 11
Heating
- Radiant
Cooling
- Wall
Appliances
- Laundry: Laundry Area
Features
- Common walls with other units/homes: Attached
Interior area
- Total interior livable area: 5,741 sqft
Property
Parking
- Parking features: Carport, Garage - Attached
Features
- Levels: Two
Lot
- Size: 6,503 sqft
Construction
Type & style
- Home type: MultiFamily
Condition
- Year built: 1965
Community & neighborhood
Security
- Security features: Carbon Monoxide Detector(s), Smoke Detector, Automatic Gate
Location
- Region: Los Angeles
Other
Other facts
- County: Los Angeles
- ListingStatus: Active
- PropertyType: Residential Income
- SourceLivingArea: Title Company
- Cooling: Wall Unit(s)
- Equipment: Ceiling Fan
- CommonWalls: Attached
- Laundry: Laundry Area
- ListingArea: Hollywood
- ParkingGarage: Carport Attached
- Levels: Two
- SecurityFeatures: Carbon Monoxide Detector(s), Smoke Detector, Automatic Gate
- SourceLotSizeArea: Estimated
- Country: US
- Heating: Radiant
- Style: Contemporary
- LaundryEquipment: Lease
- DirectionFaces: East
- Roof: Flat
- UnitTypeType: 2106, 2107
Services availability
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Estimated market value
$1,987,000