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1618 Tremont St, Los Angeles, CA 90033
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1618 Tremont St Los Angeles, CA 90033

$750,000 Sold Price as of 11/09/2023
  • 5 Beds
  • 4 Baths
  • 2,212 Sq.Ft.
Sold
$750,000 Sold Price as of 11/09/2023 Refinance Your Mortgage
Map preview of 1618 Tremont St, Los Angeles, CA 90033

Property Overview: 1618 Tremont St Los Angeles, CA has 5 bedrooms, 4 bathrooms, 2,212 living square feet and 7,496 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: **MASSIVE REDUCTION FOR FAST SALE. SOLD AS-IS** 3D Tour: bit.ly/1618-Tremont & bit.ly/1620-Tremont | Unbelievable opportunity to own this fully remodeled triplex with an additional ADU along with the ability to build out 2 additional units! With an already excellent cap rate, adding additional units will produce a significantly large upside! Each home has been completely renovated inside and out including the plumbing, electrical, and roof! The lot contains (3) separate structures with 1620 Tremont sitting on the left side of the driveway featuring a standalone home with 2 beds, 1 bath, and around 528 sqft (tenant occupied). On the right side of the driveway sits 1618 Tremont, also a standalone house offering 2 beds, 1 bath, with approximately 720 sqft (tenant occupied). The last structure situated in the back of the lot is divided into (2) different homes: the right side showcasing an updated vacant 1 bed, 1 bath, approximately 470 sqft home, while the left side features a newly upgraded ADU studio with 1 bath and around 490 sqft (pending final city approval / plans attached in listing). Situated at the center of several in demand areas such as USC Keck Medical, Cal State LA, and Lincoln Park, expect a constant stream of qualified renters especially as LA prepares for the 2026 World Cup and 2028 Summer Olympics.

Listed by Jonathan Yuen | BRE #01952091 | Iota Realty
Last checked: 6 minutes ago | Last updated: November 10th, 2023 | Source CRMLS | DOM: 211

Home details

Lot Sq. Ft
7,496
HOA Dues
$0/mo
Year built
1926
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
23245917
City
Los Angeles
County
Los Angeles
Time on Site
422 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 4
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,800
  • Total Rent: $0
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,300
  • Total Rent: $0
  • Pro Forma/Market Rent: $1,300
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,248
  • Total Rent: $2,248
  • Pro Forma/Market Rent: $2,400
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,850
  • Total Rent: $1,850
  • Pro Forma/Market Rent: $2,100
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 7.06%
  • Gross Rent Multiplier: 11.52
  • Gross Scheduled Income: --
  • Net Operating Income: $70,276
  • Gross Operating Income: $86,376
Annual Expense Breakdown
  • Total Operating Expense: --

Virtual Tour

Use the following link to view this property's virtual tour:

Property Details for 1618 Tremont St

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Laundry Information
  • Has Laundry
  • See Remarks
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Laminate, Tile
Kitchen Information
  • Has Appliances
  • Gas Cooktop
Interior Features
  • Levels: One
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Street, Uncovered, Shared Driveway, Concrete
Property Information
  • Total # of Units: 4
  • Parcel Number: 5202018008
  • Year Built Source: Assessor
  • Property Condition: Updated/Remodeled
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: Off of Medford St. / Closest cross streets are Alcazar St & Tremont St
View more facts & features

Local Los Angeles Agent

Sale History for 1618 Tremont St

Last sold for $750,000 on November 9th, 2023

  • November, 2023

  • Nov 9, 2023

    Date

    Sold

    CRMLS: 23245917

    $750,000

    Price

  • Mar 22, 2023

    Date

    Active

    CRMLS: 23245917

    $1,125,000

    Price

  • February, 2023

  • Feb 14, 2023

    Date

    Canceled

    CRMLS: 23231385

    $1,295,000

    Price

  • Feb 1, 2023

    Date

    Active

    CRMLS: 23231385

    $1,295,000

    Price

  • Listing provided courtesy of CRMLS

    Great 3 Unit with ADU Investment property 1 block from USC and DPS Patrol Area (Patrol for Security of Residents and USC). The property provided great upside for an investor to take advantage of the vacant units for collecting market or section 8 rents. You can further increase the value with the potential of adding 2 ADU Units. Located in the highly sought-after rental area of Boyle Heights close to the USC Hospital Facility. 2 existing tenants are current and paying. One unit will be delivered vacant, and the 4th (ADU) unit has conditional approval from the City. (Listing Agent and Seller do not guarantee the ADU count or ability. Buyer to verify if City of LA and LADBS).

  • January, 2023

  • Jan 17, 2023

    Date

    Canceled

    CRMLS: 22225527

    $1,295,000

    Price

  • Dec 15, 2022

    Date

    Active

    CRMLS: 22225527

    $1,295,000

    Price

  • Listing provided courtesy of CRMLS

    Great 4 units Investment Property with more upside and potential to add more units on the property. Two units are occupied with tenants and two units are left vacant for the new buyer to lease/rent to their own desired tenants. Units have been remodeled. Please do not disturb tenants. One block from USC's DPS's Patrol Area. DPS monitors this larger geographic area to ensure community safety.

  • October, 2022

  • Oct 8, 2022

    Date

    Expired

    CRMLS: 22144259

    $1,385,000

    Price

  • Apr 7, 2022

    Date

    Active

    CRMLS: 22144259

    $1,898,000

    Price

  • Listing provided courtesy of CRMLS

    Great 4 units Investment Property with more upside and potential to add more units on the property. Two units are occupied with tenants and two units are left vacant for the new buyer to lease/rent to their own desired tenants. Units have been remodeled. Please do not disturb tenants. One block from USC's DPS's Patrol Area. DPS monitors this larger geographic area to ensure community safety.

  • July, 2018

  • Jul 20, 2018

    Date

    Sold

    CRMLS: PW18174573

    $460,000

    Price

  • Jul 20, 2018

    Date

    Active

    CRMLS: PW18174573

    $460,000

    Price

  • Listing provided courtesy of CRMLS

    FOR MLS PURPOSES ONLY.

  • July, 2018

  • Jul 19, 2018

    Date

    Sold (Public Records)

    Public Records

    $480,000

    Price

  • February, 2014

  • Feb 10, 2014

    Date

    Sold (Public Records)

    Public Records

    $358,000

    Price

  • November, 2002

  • Nov 5, 2002

    Date

    Expired

    CRMLS: G215259

    $205,000

    Price

  • Dec 12, 2001

    Date

    Active

    CRMLS: G215259

    --

    Price

  • Listing provided courtesy of CRMLS

    3 HOUSES ON A LOT JUST REMODELED, ALL VACANT, PLENTY OF PARKING SPACES PROPERTY SITS ON A FLAT LOT, OWNER IS A REAL ESTATE AGENT CALL FOR SHOWING INSTRUCTIONS.

  • October, 2001

  • Oct 9, 2001

    Date

    Expired

    CRMLS: G212077

    $209,000

    Price

  • Jul 9, 2001

    Date

    Active

    CRMLS: G212077

    --

    Price

  • Listing provided courtesy of CRMLS

    3 HOUSES ON A LOT JUST REMODELED,ALL VACANT ,PLENTY PARKING SPACES PROPERTY SITS ON FLAT LOT, WONT LAST, CALL OFFICE FOR SHOWING INSTRUCTIONS OWNER IS A REAL ESTATE AGENT

Show More

Tax History for 1618 Tremont St

Assessed Value (2020): $489,600
Year Land Value Improved Value Assessed Value
2020 $269,280 $220,320 $489,600

Home Value Compared to the Market

This property vs the competition

1618 Tremont St sold on November 9, 2023 for 32.86% lower 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 $361.21 per/sqft which puts the price per square foot 52.16% lower than the current median sale per square foot for the city of Los Angeles.

About 1618 Tremont St

Detailed summary of property

1618 Tremont St is a multi family that recently sold in Los Angeles, CA 90033. This multi family property offered 5 bedrooms, 4 bathrooms, roughly 2,212 living square feet, and sits on an approximately 7,496 square foot lot. 1618 Tremont St was first listed on ArdentRealEstateGroup.com on March 22, 2023. The homeowner sold the property for $750,000. 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 32.86% lower than the current median priced home. Local homes that are currently for sale include 2719 Alta St, 3940 Dobinson St and 1086 N Bonnie Beach Pl. While the average home in Los Angeles, CA is selling in 94 days, 1618 Tremont St has a days on market of 211 days. There are currently 3654 homes for sale in the Los Angeles real estate market and 2456 of them are single family homes while 1102 of them are condos and 90 are townhomes. For more information on this home for sale at 1618 Tremont St Los Angeles, CA 90033 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1618 Tremont St

Public county record property details
Beds
--
Baths
--
Year built
--
Sq. Ft.
1,677
Lot Size
7,495
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
8
APN
5202-018-008

The source for these homes facts are from public records.

90033 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$778,000
Median List Price/Sq.Ft.
$520
Median Sold Price
--
Median Sold Price/Sq.Ft.
--
Total Inventory
12
Median Sale to List Price %
--
Avg Days on Market
--
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (0%), Other (0%)

Thinking of Selling?

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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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