1185 S Tremaine Avenue, Los Angeles, California 90019, Los Angeles, 90019 - 4 bed, 3 bath
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1185 S Tremaine Avenue
Los Angeles, California 90019
ACTIVE
CONDITION: EXCELLENT
4Beds
3Baths
2,744Sq Ft
8,389Lot Size
Property Price
LIST PRICE$1,500,000
EST. MARKET VALUE
$1,500,000
SUMMARY
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.
Estimated Market Value
$1,500,000
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1185 S Tremaine Avenue Subject | $1,500,000* List Price | 4 | 3 | 2,744 | $547 | - |
A 1506 Crenshaw Boulevard Sold | $1,385,000 | 4 | 3 | 2,427 | $571 | 0.9 mi |
B 1142 S Windsor Boulevard Sold | $1,295,000 | 3 | 3 | 2,120 | $611 | 0.7 mi |
C 1026 S Windsor Boulevard Active | $1,750,000 List Price | 3 | 4 | 2,673 | $655 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
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.
PROSSTRENGTHS & OPPORTUNITIES
- Turnkey Remodeled Units
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.
- Investment Flexibility
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.
- Standalone Cottage Layout
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.
CONSRISKS & DEFICIENCIES
- Below-Market Rent
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.
- Restricted Access
The occupied unit cannot be inspected until an offer is accepted, creating uncertainty regarding its interior condition and potential future renovation costs.
About 1185 S Tremaine Avenue
HUGE PRICE REDUCTION TO SELL FAST! Beautifully remodeled property in the highly desirable Hancock Park neighborhood, situated on an expansive 8,389 square foot R2 corner lot. The property features three charming, detached, single-story cottages, each with its own private backyard, separate gas and electric meters, an individual garage, and a laundry room. The vacant front 2-bedroom, 1-bathroom cottage and vacant rear 1-bedroom, 1-bathroom cottage have been extensively remodeled with new appliances, recessed lighting, upgraded electrical systems, split air conditioning systems, and new landscaping. Projected monthly rents are $4,500 for the front 2-bedroom cottage and $3,700 for the rear 1-bedroom cottage. The middle 1-bedroom cottage is occupied by a long-term tenant paying $1,318.40 per month, with a scheduled rent increase to $1,357.95 effective October 1, 2026. Excellent off-street parking and a rare opportunity for owner-occupants, investors, or future development. Soil and survey reports from 2022 are available upon request. Buyer to conduct their own due diligence regarding permits, zoning, development potential, and public records. Photos shown are of the remodeled vacant units only.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1923
- Lot Size
- 8,389 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 2,744 | 1,664.159 |
| Lot Size | 8,389 | 6,066.556 |
| Price | $1.50M | $1.35M |
| Price per sq ft | $547 | $806 |
| Built year | 1923 | 1939 |
| HOA | $0 | $278 |
| Days on market | 99 | 55 |
Pricing History
Listed for Sale
Aug 20, 2026
$1,500,000
$1,670,000
-10% Price Drop
Initial Listing
Price Change
Jun 2, 2026
$1,670,000
Initial Listing
Sold
Feb 2, 2022
$1,252,000
Public Record