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1307 Tamarind Ave, Los Angeles, CA 90028
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1307 Tamarind Ave Los Angeles, CA 90028

$1,900,000 Sold Price as of 06/04/2021
  • 9 Beds
  • 7 Baths
  • 5,741 Sq.Ft.
Sold
$1,900,000 Sold Price as of 06/04/2021 Refinance Your Mortgage
Map preview of 1307 Tamarind Ave, Los Angeles, CA 90028

Property Overview: 1307 Tamarind Ave Los Angeles, CA has 9 bedrooms, 7 bathrooms, 5,741 living square feet and 6,503 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Best Deal in Hollywood! To Be Delivered with Three Units Delivered Vacant, potential for more. Priced at $339 per foot, 1307 Tamarind is the perfect 7 unit value-add multi-family income opportunity in a Prime Hollywood location! Situated on a 6,503 SF R4 lot located in an Opportunity Zone, 1307 Tamarind is ideally located just steps from the World-Famous Sunset Boulevard, walking distance to an array of shops and restaurants, as well as the worlds most iconic travel and sightseeing destinations. Great opportunity for a savvy investor to pick up units in the hottest part of town, near the Sunset Gower Studio 500,000 square foot expansion, Netflix, HBO and Viacom. The location and the opportunity don't get much better than this! Fantastic location, income upside potential, walkability to work and play. Excellent Income Producing Asset in Prime Hollywood Location! Surrounded by luxury for rent and for sale product, 1307 Tamarind once renovated will provide future renters the ability to live in one of the best, most walkable neighborhoods in Los Angeles for a fraction of the cost of new luxury apartments. 1307 Tamarind features a mix of (5) 1+1 units and (2) 2+1.5 units. Seller is currently in the process of doing the required seismic retrofit work, will be completed before close. This is the value-add opportunity you have been looking for!

Listed by Dana Brody | BRE #01429001 | Dana Brody
Last checked: 12 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 216

Home details

Lot Sq. Ft
6,503
HOA Dues
$0/mo
Year built
1965
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
20626692
City
Los Angeles
County
Los Angeles
Time on Site
1223 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 7
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,299
  • Total Rent: $1,299
  • Pro Forma/Market Rent: $1,299
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,250
  • Total Rent: $1,250
  • Pro Forma/Market Rent: $1,250
Unit Breakdown 3
  • # of Units: 3
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,150
  • Total Rent: $2,150
  • Pro Forma/Market Rent: $2,150
Unit Breakdown 4
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,450
  • Total Rent: $2,450
  • Pro Forma/Market Rent: $2,450
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 11.5
  • Gross Scheduled Income: --
  • Net Operating Income: $115,872
  • Gross Operating Income: $169,188
Annual Expense Breakdown
  • Total Operating Expense: --

Virtual Tour

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Property Details for 1307 Tamarind Ave

Interior Features
Heating Information
  • Has Heating
  • Radiant
Interior Features
  • Levels: Two
  • Security Features: Automatic Gate, Carbon Monoxide Detector(s), Smoke Detector(s)
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Attached Carport
Lot Information
  • Lot Size Source: Estimated
Property Information
  • Total # of Units: 7
  • Parcel Number: 5545014026
  • Architectural Style: Contemporary
Location / Neighborhood
Location Information
  • Directions: Sunset to Tamarind, turn right
View more facts & features

Local Los Angeles Agent

Sale History for 1307 Tamarind Ave

Last sold for $1,900,000 on June 4th, 2021

  • June, 2021

  • Jun 4, 2021

    Date

    Sold

    CRMLS: 20626692

    $1,900,000

    Price

  • Apr 6, 2021

    Date

    Active Under Contract

    CRMLS: 20626692

    $1,950,000

    Price

  • Feb 26, 2021

    Date

    Price Change

    CRMLS: 20626692

    $1,950,000

    Price

  • Feb 7, 2021

    Date

    Price Change

    CRMLS: 20626692

    $1,995,000

    Price

  • Dec 23, 2020

    Date

    Price Change

    CRMLS: 20626692

    $2,000,000

    Price

  • Nov 27, 2020

    Date

    Price Change

    CRMLS: 20626692

    $2,180,000

    Price

  • Nov 15, 2020

    Date

    Price Change

    CRMLS: 20626692

    $2,199,999

    Price

  • Sep 1, 2020

    Date

    Active

    CRMLS: 20626692

    $2,200,000

    Price

Tax History for 1307 Tamarind Ave

Assessed Value (2020): $594,758
Year Land Value Improved Value Assessed Value
2020 $227,965 $366,793 $594,758

Home Value Compared to the Market

This property vs the competition

1307 Tamarind Ave sold on June 4, 2021 for 63.87% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $339.66 per/sqft which puts the price per square foot 55.01% lower than the current median sale per square foot for the city of Los Angeles.

About 1307 Tamarind Ave

Detailed summary of property

1307 Tamarind Ave is a multi family that recently sold in Los Angeles, CA 90028. This multi family property offered 9 bedrooms, 7 bathrooms, roughly 5,741 living square feet, and sits on an approximately 6,503 square foot lot. 1307 Tamarind Ave was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $1,900,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 63.87% higher than the current median priced home. Local homes that are currently for sale include 5008 Rosewood Ave, 6669 De Longpre Ave and 1414 N Las Palmas Ave. While the average home in Los Angeles, CA is selling in 92 days, 1307 Tamarind Ave has a days on market of 216 days. There are currently 3712 homes for sale in the Los Angeles real estate market and 2493 of them are single family homes while 1120 of them are condos and 93 are townhomes. For more information on this home for sale at 1307 Tamarind Ave Los Angeles, CA 90028 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1307 Tamarind Ave

Public county record property details
Beds
9
Baths
9
Year built
1965
Sq. Ft.
5,741
Lot Size
6,503
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
119
APN
5545-014-026

The source for these homes facts are from public records.

90028 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,195,000
Median List Price/Sq.Ft.
$690
Median Sold Price
$752,000
Median Sold Price/Sq.Ft.
$470
Total Inventory
36
Median Sale to List Price %
83.65%
Avg Days on Market
197
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (0%), Other (100%)

Thinking of Selling?

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Thinking of Selling?
Call, Text or Message
(714) 706-1823

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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