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$ 2,498,000
Est. payment /mo
Price Dropped by $97K
1361 S Tremaine AVE Los Angeles, CA 90019
8 Beds
5 Baths
4,276 SqFt
Open House
Sun Apr 19, 2:00pm - 4:00pm
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 4,276 sqft
Price per Sqft $584
MLS Listing ID 26638509
Bedrooms 8
HOA Y/N No
Year Built 1930
Lot Size 8,620 Sqft
Property Description
1930s GRAND VILLA SPANISH TROPHY TRIPLEX COMPOUND. Upper level owner's 3 Bed unit will be delivered vacant, presenting an exceptional opportunity for an owner-user or investor. Rare opportunity to own a character-rich Spanish compound in coveted Longwood Highlands with a projected CAP rate of over 5%, blending timeless architecture with thoughtful modern upgrades. The front duplex features two expansive 3-bedroom, 2-bath residences with oversized rooms, abundant natural light, and refined period details throughout. The rear 2-bedroom, 1-bath unit sits privately above the 4-car garage, offering separation and flexibility. Set behind a perimeter wall with an electronic gated driveway , this compound delivers privacy, security, views from the upper units and exceptional curb appeal. A private hedged front yard with mature, lush landscaping and intercom system welcomes you into a beautifully maintained courtyard setting with classic wrought iron detailing. High-end improvements include solid slab Italian marble wainscots, tile floors and countertops, designer fixtures, refurbished period lighting and energy-efficient systems. Major infrastructure upgrades include updated plumbing, electrical, and sewer lines. Additional features include beautiful oak hardwood floors, A/C, individual gas and electric meters, common area lighting as well as an abundance of off-street parking. The extra-large lot includes strong in-place rents, creating an attractive income profile with long-term upside potential. A rare blend of scale, character, privacy, and income in one of the area's most desirable neighborhoods.
Location
State CA
County Los Angeles
Area C18 - Hancock Park-Wilshire
Zoning LAR2
Interior
Flooring Wood
Fireplace No
Appliance Dishwasher
Laundry Laundry Room
Exterior
Parking Features Uncovered
View Y/N Yes
View City Lights
Total Parking Spaces 6
Building
Story 2
Entry Level Two
Architectural Style Spanish
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5083021016
Special Listing Condition Standard
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Listed by Jennifer Stein Keller Williams Realty Santa Barbara #01786020
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