RealKey
‪(213) 433-7766‬

1458 Tamarind Avenue, Los Angeles, California 90028, Los Angeles, 90028 - bed, bath

1458 Tamarind Avenue, Los Angeles, California 90028 home-pic-0
ACTIVE$2,499,900
1458 Tamarind Avenue, Los Angeles, California 90028
0Bed
0Bath
5,946Sqft
6,502Lot
Year Built
1964
Close
-
List price
$2.5M
Original List price
$3.5M
Price/Sqft
$420
HOA
-
Days on market
-
Sold On
-
MLS number
SR25125238
Home ConditionFair
Features
Good View:
View

About this home

We found 3 Cons,5 Pros.

Capture today's market rents!!!! Great opportunity in world famous Hollywood – 7-Unit Value-Add Opportunity Near Sunset Blvd Now available: a rare apartment building opportunity in the heart of Hollywood, just steps from Sunset Boulevard with Netflix and KTLA 5 as your neighbors. This is your chance to add a prime asset to your portfolio in one of Los Angeles' most sought-after rental markets. The property includes 7 spacious units, consisting of: • (3) Two-bedroom, two-bath units • (4) One-bedroom, one-bath units Investors can immediately reposition the building to capture current market rents. The interiors are slightly dated, but the layout and size of the units offer incredible potential — a light cosmetic refresh is all that’s needed to elevate the property and reflect the glamour of its Hollywood location. This is a true value-add opportunity in a location that continues to grow in demand and prestige.

Price History

Date
Event
Price
11/11/25
Price Change
$2,499,900-7.4%
11/08/25
Price Change
$2,699,999-3.6%
11/07/25
Price Change
$2,799,999-5.1%
08/13/25
Price Change
$2,950,000
06/04/25
Listing
$3,499,999
Condition Rating
Fair
Built in 1964, this multi-unit property shows a mix of conditions. While some units have received a 'light cosmetic refresh' with updated white kitchen cabinets, modern-looking countertops, and newer laminate flooring, other units clearly retain very dated features such as original wood cabinets, older appliances, acoustic tile ceilings, and older flooring. The presence of window AC units indicates a lack of central HVAC. The property is functional and appears maintained, but its age and the inconsistent level of updates across units, along with the need for further cosmetic work as described, place it firmly in the 'Fair' category. It requires minor updates to bring all units to a consistent, modern standard, but does not appear to have significant structural or safety defects.
Pros & Cons

Pros

Prime Hollywood Location: Situated in the 'heart of Hollywood, just steps from Sunset Boulevard,' offering high demand and prestige in a sought-after rental market.
Significant Value-Add Potential: Explicitly marketed as a '7-Unit Value-Add Opportunity' with dated interiors requiring only a 'light cosmetic refresh' to capture current market rents.
Multi-Unit Income Property: Comprises 7 units (3x 2BD/2BA, 4x 1BD/1BA), providing diversified rental income streams and scale for investors.
Strong Rental Market: Located in 'one of Los Angeles' most sought-after rental markets,' indicating robust tenant demand and potential for rent growth.
Spacious Unit Layouts: The units are described as 'spacious,' a desirable feature for tenants that contributes to higher rental appeal and potential.

Cons

Dated Interiors: The property's interiors are 'slightly dated,' necessitating immediate capital investment for cosmetic upgrades to achieve market rents.
History of Price Reductions: Multiple significant price drops from the original listing price suggest potential initial overpricing or challenges in market valuation.
Building Age (1964): Built in 1964, the property may require more extensive system updates (e.g., plumbing, electrical, HVAC) beyond cosmetic work, increasing renovation costs.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state