1185 S Tremaine Ave Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90019
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,744 sqft
Price per Sqft $619
MLS Listing ID 25586009
Bedrooms 4
Year Built 1923
Lot Size 8,389 Sqft
Acres 0.1926
Property Sub-Type Multi-Family
Property Description
This stunning triplex in the highly desirable Hancock Park neighborhood sits on an expansive 8,389 sq ft corner lot (R2 zoning per assessor). Perfect for owner-users or investors, the property includes a charming standalone front cottage with 2 bedrooms and 1 bath (vacant), plus a rear duplex with two spacious 1-bedroom, 1-bath units, one vacant and one occupied by a long-term tenant paying $1,280/month, with rent scheduled to increase to $1,318.40 on October 1, 2025. Each unit enjoys its own private backyard oasis. The two vacant units became available through cash-for-keys agreements, meaning there are no rental restrictions, allowing for market-rate rentals or owner occupancy. Additional highlights include a free-standing 3-car garage, highly coveted off-street parking, individual laundry hookups, and separate gas and electric meters. With strong rental demand in the area, this triplex offers the rare combination of owner-occupancy potential, immediate income-producing benefits, and future development or value-add opportunities. Soil and survey reports from 2022 are available upon request. An adjacent duplex recently sold for $1.87M, underscoring the strength of this investment. Please include RPA, proof of funds, and a pre-approval letter with all offers. Buyer to conduct their own due diligence regarding permits and public information.The owner is a licensed real estate agent.
Location
State CA
County Los Angeles
Area Hancock Park-Wilshire
Zoning LAR2
Rooms
Other Rooms None
Interior
Heating Baseboard
Cooling None
Equipment Gas Or Electric Dryer Hookup
Exterior
Parking Features Driveway, Garage - 3 Car
Garage Spaces 6.0
Pool None
Building
Sewer Public Hookup Available
Level or Stories One
Others
Special Listing Condition Standard