Alta Realty Group
Alicia Hernandez, Alta Realty GroupPhone: (909) 680-1305
Email: RealtorAliciaH@gmail.com
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listing
1 of 15
CommercialFor Sale
$6,700,000
1825 Tamarind Ave
Los Angeles, CA 90028
Listed by: Neema Ahadian from Marcus & Millichap, neema@marcusmillichap.com
MLS: Datashare CLAW
17,095Sq Ft
Est. Mortgage
$34,684/mo

This is a bankruptcy sale that will be subject to a court overbid. We are pleased to present 1825 Tamarind Ave, a multifamily investment opportunity totaling 33 units in prime Hollywood just south of Franklin Ave across the street from the Church of Scientology. The subject property consists of two structures featuring a unit mix of 20 singles, nine one-bedrooms, three two-bedrooms, and one three bedrooms; there are 33 parking spaces, a mix of tuck under parking and uncovered spaces at the rear of the property; nine units will be delivered vacant at the close of escrow, allowing an investor to renovate and achieve market rents immediately. True value add opportunity with the majority of the rents below market;5.35% CAP rate & 10.89 GRM at the asking price with an additional 28% rental upside; additionally, the abundant parking and storage spaces create an opportunity to add several ADU's via the newly passed SB1211 (Buyer to verify). Units are well-maintained but can be enhanced through interior renovations to achieve market rents such as new flooring, recessed lighting or new fixtures, updated bathrooms & kitchens, and appliances. High walk score of 87, half of a mile from the Metro B rail line and walking distance to multiple Metro local lines along Franklin Ave. Major employer

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Information courtesy of Marcus & Millichap is subject to verification and is not guaranteed.
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