1185 S Tremaine Avenue

This stunning, fully remodeled triplex is located in the highly desirable Hancock Park neighborhood and sits on an expansive 8,389 square foot corner lot. Zoning is R2 per assessor. The front two bedroom one bath unit and the rear one-bedroom unit have been completely remodeled. Everything is brand new, including appliances, recessed lighting, upgraded electrical systems, new water heaters, and water and sewer lines. The property also features brand new landscaping with an automatic sprinkler system. The property is ideal for both owner-users and investors. It includes a charming standalone front cottage with two bedrooms and one bath, currently vacant, along with a rear duplex consisting of two spacious one-bedroom one-bath units. One rear unit is vacant, and one is occupied by a long-term tenant paying $1,318.40 per month. Each unit enjoys its own private backyard space. The two vacant units became available through cash for keys agreements, meaning there are no rental restrictions. The future owner may rent these units at any rate. Once a new lease is established, rent control will apply and future annual increases will be limited according to rent control regulations. Additional highlights include a free-standing three-car garage, highly desirable off-street parking, individual laundry rooms, and separate gas and electric meters for each unit. With strong rental demand in the area, this triplex offers a rare combination of owner occupancy potential, immediate income, and future value-add or development opportunities. Soil and survey reports from 2022 are available upon request. Buyer to conduct their own due diligence regarding permits and public records. Showing the occupied unit with the accepted offer. The owner is a licensed real estate broker. Pictures are taken only from the remodeled vacant units.