1618 Tremont Street

Los Angeles, CA 90033

$750,000
Last Sold Price
5
Beds
4
Baths
2,212 Sq. Ft.
$339 / Sq. Ft.
2,212
Sq. Ft.
$339
per Sq. Ft.

Description

Massive reduction for fast sale. Sold as-is 3D Tour: bit.ly/1618-Tremont & bit.ly/1620-Tremont | Unbelievable opportunity to own this fully remodeled triplex with an additional ADU along with the ability to build out 2 additional units! With an already excellent cap rate, adding additional units will produce a significantly large upside! Each home has been completely renovated inside and out including the plumbing, electrical, and roof! The lot contains (3) separate structures with 1620 Tremont sitting...Massive reduction for fast sale. Sold as-is 3D Tour: bit.ly/1618-Tremont & bit.ly/1620-Tremont | Unbelievable opportunity to own this fully remodeled triplex with an additional ADU along with the ability to build out 2 additional units! With an already excellent cap rate, adding additional units will produce a significantly large upside! Each home has been completely renovated inside and out including the plumbing, electrical, and roof! The lot contains (3) separate structures with 1620 Tremont sitting on the left side of the driveway featuring a standalone home with 2 beds, 1 bath, and around 528 sqft (tenant occupied). On the right side of the driveway sits 1618 Tremont, also a standalone house offering 2 beds, 1 bath, with approximately 720 sqft (tenant occupied). The last structure situated in the back of the lot is divided into (2) different homes: the right side showcasing an updated vacant 1 bed, 1 bath, approximately 470 sqft home, while the left side features a newly upgraded ADU studio with 1 bath and around 490 sqft (pending final city approval / plans attached in listing). Situated at the center of several in demand areas such as USC Keck Medical, Cal State LA, and Lincoln Park, expect a constant stream of qualified renters especially as LA prepares for the 2026 World Cup and 2028 Summer Olympics.
  1. Listed by Jonathan Yuen • DRE #01952091 • Brokerage DRE #01834648 • Iota Realty

Property Details for 1618 Tremont Street

Zoning
LARD1.5
Parcel Number
5202018008
Total Units
4.0
Living Area
2212
Source Living Area
Plans
Area
Boyle Heights (BOYH)
Vacancy Rate
50
Lot Size Area
7496

Location

Listing Courtesy of Iota Realty, Jonathan Yuen, DRE #01952091

Sold By Century 21 Arroyo Seco, Joseph Olvera, DRE #01751889

Add your commute
LISTING UPDATED: 11/10/2023 01:46 PM

Property Details for 1618 Tremont Street

StatusSold
MLS #23-245917
Days on Market211
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1926
Lot Size0.17 AC / 7,496 SF
CountyLos Angeles County

Location

Listing Courtesy of Iota Realty, Jonathan Yuen, DRE #01952091

Sold By Century 21 Arroyo Seco, Joseph Olvera, DRE #01751889

Add your commute

Virtual Tour

Building Information for 1618 Tremont Street

Stories1Residences-Year Built1926Building Size-Lot Size0.17 AC / 7,496 SF

Payment Calculator

$4,645 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,093

Property Taxes

$552

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1618 Tremont Street

Community / Development
Community / Development
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 1
  • Number Of Buildings: 4
  • Type Of Units: Triplex+ADU
  • Property Condition: Updated/Remodeled
  • Water Heaters: Yes
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $86,376
  • Net Operating Income: $70,276.00
  • Gross Income: $86,376
  • Cap Rate: 7.06%
  • Gross Rent Multiplier: $11.52
  • Actual Annual Gross Rent: $49,176.00
  • Actual Gross Annual Income: $49,176
  • Actual Rent Total: $4,098.00
  • Total Annual Expense: 16100
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1721
  • Lot Size Square Feet: 7496
Parking Details
Parking Details
  • Parking Garage: On street, Other, Uncovered, Shared Driveway, Driveway - Concrete
  • Total Parking: 4
  • Open Other Spaces Total: 4
  • Parking Features: Street, Uncovered, Shared Driveway, Concrete
Interior Features
Interior Features
  • Levels: One
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: Wall/Window Unit(s)
  • Cooling Type: Air Conditioning, Wall Unit(s), Wall/Window
  • Heating Type: Wall Gas
  • Flooring: Laminate, Tile
  • Equipment: Other
  • Cooking Appliances: Cooktop - Gas
  • Laundry: Other
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Sprinklers: None
  • New Construction: No
  • Other Structures: Accessory Dwelling Unit
Lease Terms
Lease Terms
  • Entry Date: 03-22-2023
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,850.00
  • Unit Actual Rent: $1,850.00
  • Unit Projected Rent: $2,100.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,248.00
  • Unit Actual Rent: $2,248.00
  • Unit Projected Rent: $2,400.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,800.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $1,800.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,300.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $1,300.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $227,054.00
  • Assessed Improvement Percent: 45.0
  • Assessed Land Value: $277,510.00
  • Assessed Land Percent: 55
  • Assessed Total Value: $504,564.00

Property History for 1618 Tremont Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 1618 Tremont Street

Taxable ValueLand$283,060Additions$231,595Total$514,655
Tax Record2023$6,627 ($552 / month)
Home Facts
Total Finished SqFt1,677 SqFtAbove Grade Finished SqFt1,677 SqFtLot Size7,496 SqFtStyleTriplexZoningLARD1.5CountyLOS ANGELESAPN5202-018-008

Schools near 1618 Tremont Street

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

Excel Charter Academy
Charter6 to 8

Woodrow Wilson Senior High School
Public9 to 12

Abraham Lincoln Senior 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

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

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 Iota Realty, Jonathan Yuen, DRE #01952091

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.