1185 S Tremaine Avenue, Los Angeles, California 90019, Los Angeles, 90019 - 4 bed, 3 bath
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Los Angeles, California 90019
This fully remodeled triplex represents a High-Potential Investment Opportunity, listed at $1,670,000—positioned well below the $1,727,270 Fair Market Value by 3%. This valuation gap offers $57,270 in Instant Equity. Featuring Zoning R2, a Condition Rating of 2, and standalone cottages with private outdoor space, the property provides immediate rental income and flexibility. With two vacant, turnkey units, this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-demand Hancock Park asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1185 S Tremaine Avenue Subject | $1,670,000* List Price | 4 | 3 | 2,744 | $629 | - |
A 1663 Virginia Road Sold | $2,095,000 | 5 | 4 | 3,302 | $634 | 0.7 mi |
B 4308 Victoria Park Drive Sold | $2,100,000 | 6 | 7 | 3,606 | $582 | 0.7 mi |
C 1854 S Mansfield Avenue Sold | $1,300,000 | 4 | 2 | 1,742 | $746 | 1.0 mi |
D 1009 S Rimpau Active | $1,850,000 List Price | 4 | 4 | 2,825 | $655 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property is a fully remodeled triplex with two units featuring brand new kitchens, stainless steel appliances, and modern flooring. Major systems have been recently upgraded, including new electrical, water/sewer lines, and split AC systems, meeting the criteria for a mint-condition renovation under 5 years old.
Two of the three units have been fully renovated with modern finishes, new appliances, and upgraded electrical and plumbing systems, allowing for immediate market-rate leasing or owner-occupancy.
With two units delivered vacant and free of initial rental restrictions, an owner can capitalize on high market demand in Hancock Park to maximize initial cash flow.
The property features three standalone cottages on a large corner lot, each with private outdoor space and separate utility meters, offering a high level of privacy that is highly attractive to tenants.
The middle unit is occupied by a long-term tenant paying significantly below market rate, which limits the immediate total income potential and overall cap rate.
The occupied unit cannot be inspected until an offer is accepted, creating uncertainty regarding its interior condition and potential future renovation costs.
Stunning fully remodeled triplex located in the highly desirable Hancock Park neighborhood, set on an expansive 8,389 square foot corner lot. Zoning is R2 per assessor.The front two bedroom one bath unit and the rear one bedroom unit have been completely remodeled throughout, including brand new appliances, recessed lighting, upgraded electrical systems, new water heaters, new water and sewer lines, new split air conditioning systems, and newly designed landscaping with an automatic sprinkler system.The two vacant remodeled units offer exceptional flexibility for both owner users and investors. They were delivered vacant through cash for keys agreements and therefore have no rental restrictions. The future owner may rent these units at market rate. Once new leases are established, rent control will apply and future annual increases will be limited in accordance with local rent control regulations.The middle unit is currently occupied by a long term tenant paying $1,318.40 per month, providing immediate income. Showing of the occupied unit will be subject to an accepted offer.All units are charming standalone cottages, each with its own private outdoor space. The front vacant two bedroom unit features a beautifully landscaped front yard, a generous balcony overlooking the yard, and a spacious side yard with direct access to the garage. The middle occupied unit enjoys a large backyard with mature citrus trees and inviting landscaping. The rear remodeled vacant unit offers abundant natural light and a large private backyard with a deck, creating an ideal indoor-outdoor living experience. Additional highlights include a free-standing three-car garage, highly desirable off-street parking, individual laundry rooms, and separate gas and electric meters for each unit. With strong rental demand in the area, this property presents a rare opportunity for owner-occupancy, immediate income, and long-term value appreciation or future development potential. Soil and survey reports from 2022 are available upon request. Buyer to conduct their own due diligence regarding permits, zoning, and public records. Photos shown are of the remodeled vacant units only.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 67% |
| Baths | 3.0 | 2.0 | 53% |
| Square foot | 2,744 | 1,784.5 | 88% |
| Lot Size | 8,389 | 6,207.5 | 89% |
| Price | $1.67M | $1.31M | 67% |
| Price per sq ft | $609 | $784 | 20% |
| Built year | 1923 | 1928 | 36% |
| HOA | $0 | $0 | 50% |
| Days on market | 4 | 147 | 3% |
Jun 2, 2026
$1,670,000
Initial Listing
Feb 2, 2022
$1,252,000
Public Record