1307 Tamarind Avenue

Los Angeles, CA 90028

$1,900,000
Last Sold Price
11
Beds
11
Baths
5,741 Sq. Ft.
$331 / Sq. Ft.
5,741
Sq. Ft.
$331
per Sq. Ft.

Description

Best Deal in Hollywood! To Be Delivered with Three Units Delivered Vacant, potential for more. Priced at $339 per foot, 1307 Tamarind is the perfect 7 unit value-add multi-family income opportunity in a Prime Hollywood location! Situated on a 6,503 SF R4 lot located in an Opportunity Zone, 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....Best Deal in Hollywood! To Be Delivered with Three Units Delivered Vacant, potential for more. Priced at $339 per foot, 1307 Tamarind is the perfect 7 unit value-add multi-family income opportunity in a Prime Hollywood location! Situated on a 6,503 SF R4 lot located in an Opportunity Zone, 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. Great opportunity for a savvy investor to pick up units in the hottest part of town, 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! Surrounded by luxury for rent and for sale product, 1307 Tamarind once renovated will provide future renters the ability to live in one of the best, most walkable neighborhoods in Los Angeles for a fraction of the cost of new luxury apartments. 1307 Tamarind features a mix of (5) 1+1 units and (2) 2+1.5 units. Seller is currently in the process of doing the required seismic retrofit work, will be completed before close. This is the value-add opportunity you have been looking for!
  1. Listed by Dana Brody • DRE #01429001 • Brokerage DRE #01429001 • Dana Brody

Property Details for 1307 Tamarind Avenue

Water Front
None
Zoning
LAR4
Style
Contemporary
Parcel Number
5545014026
Total Units
7.0
Living Area
5741
Source Living Area
Title Company
Area
Hollywood (C20)

Location

Listing Courtesy of Dana Brody, Dana Brody, DRE #01429001

Sold By Dana Brody, Dana Brody, DRE #01429001

Add your commute
LISTING UPDATED: 06/04/2021 02:47 PM

Property Details for 1307 Tamarind Avenue

StatusSold
MLS #20-626692
Days on Market216
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1965
Lot Size0.15 AC / 6,503 SF
CountyLos Angeles County

Location

Listing Courtesy of Dana Brody, Dana Brody, DRE #01429001

Sold By Dana Brody, Dana Brody, DRE #01429001

Add your commute

Building Information for 1307 Tamarind Avenue

Stories-Residences-Year Built1965Building Size-Lot Size0.15 AC / 6,503 SF

Payment Calculator

$12,449 per month

30 year fixed, 7.25% Interest

Principal and Interest

$10,369

Property Taxes

$2,080

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1307 Tamarind Avenue

Community / Development
Community / Development
  • Number Of Units: 7
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 1
  • Type Of Units: Apartments
  • Security Features: Automatic Gate, Carbon Monoxide Detector(s), Smoke Detector
  • Direction Faces: East
  • Water Heater Features: None
Contract Info
Contract Info
  • Probate: No
  • Financing: Cash, Cash To New Loan
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $169,188
  • Net Operating Income: $115,872.00
  • Gross Income: $169,188
  • Cap Rate: 5.94%
  • Gross Rent Multiplier: $11.50
  • Actual Annual Gross Rent: $169,188.00
  • Actual Gross Annual Income: $169,188
  • Actual Rent Total: $169,188.00
  • Vacancy Allow Dollar: $5,075.00
  • Vacancy Allow Percent: 3.00%
  • Owner Pays: Gardener, Water
  • Total Annual Expense: 48240
Land / Lot Info
Land / Lot Info
  • Additional Parcel Number: No
  • Lot Acreage: 0.1493
  • Lot Size Square Feet: 6503
Parking Details
Parking Details
  • Parking Garage: Carport Attached
  • Total Parking: 0
  • Parking Features: Attached Carport
Interior Features
Interior Features
  • Levels: Two
  • Cooling Type: Wall Unit(s)
  • Heating: Radiant
  • Heating Type: Radiant
  • Equipment: Ceiling Fan
  • Common Walls: Attached
  • Laundry: Laundry Area
  • Laundry Equipment: Lease
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Tennis: No
  • Tennis Court: None
  • Roof: Flat
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 09-01-2020
  • Listing Terms: Cash, Cash To New Loan
  • Rent Control: Yes
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,299.00
  • Unit Actual Rent: $1,299.00
  • Unit Projected Rent: $1,299.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,250.00
  • Unit Actual Rent: $1,250.00
  • Unit Projected Rent: $1,250.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,150.00
  • Unit Actual Rent: $2,150.00
  • Unit Projected Rent: $2,150.00
  • Like Units: 3
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,450.00
  • Unit Actual Rent: $2,450.00
  • Unit Projected Rent: $2,450.00
  • Like Units: 2
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $345,638.00
  • Assessed Improvement Percent: 61.67
  • Assessed Land Value: $214,818.00
  • Assessed Land Percent: 38.33
  • Assessed Total Value: $560,456.00

Property History for 1307 Tamarind Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1307 Tamarind Avenue

Taxable ValueLand$1,336,393Additions$650,770Total$1,987,163
Tax Record2023$24,965 ($2,080 / month)
Home Facts
Total Finished SqFt5,741 SqFtAbove Grade Finished SqFt5,741 SqFtLot Size6,503 SqFtStyleMulti-Family Res (5+ Units)Year Built1965ZoningLAR4CountyLOS ANGELESAPN5545-014-026

Schools near 1307 Tamarind Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - K to 6
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Hollywood Elementary
PublicK to 5

Grant Elementary School
PublicK to 6

Joseph Le Conte Middle School
Public6 to 8

Helen Bernstein High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Dana Brody, Dana Brody, DRE #01429001

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.