Multifamily

1307 Tamarind Ave

1307 Tamarind Ave, Los Angeles, CA 90028

Listing Price: $2,000,000

Cap Rate
5.21%
Number of Units
7
Price/Unit
$285,714
Price/Gross SF
$348.37
Gross SF
5,741

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 1307 Tamarind Avenue (“The Property”), a 7-unit multifamily asset located in the Heart of Hollywood. The Property is ideally located just steps from the World-Famous Sunset Boulevard, walking distance to an array of shops and restaurants, as well as the world’s most iconic travel and sightseeing destinations. Built in 1965, this 7-unit multi-family property is located in an Opportunity Zone, providing a developer the opportunity to maximize density on this 6,503 square foot R4 zoned lot.

Investment Highlights

  • Exceptional Value Add and/or Development Opportunity in L.A.'s Hottest Market
  • Renovate and re-rent units and growth rent by leveraging access to Sunset Boulevard, offering a lower-cost alternative to surrounding new construction
  • High Walkability Drives Rent Growth

Exclusively Listed By

Listing Price: $2,000,000

Cap Rate
5.21%
Number of Units
7
Price/Unit
$285,714
Price/Gross SF
$348.37
Gross SF
5,741

Investment Highlights

  • Exceptional Value Add and/or Development Opportunity in L.A.'s Hottest Market
  • Renovate and re-rent units and growth rent by leveraging access to Sunset Boulevard, offering a lower-cost alternative to surrounding new construction
  • High Walkability Drives Rent Growth

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 1307 Tamarind Avenue (“The Property”), a 7-unit multifamily asset located in the Heart of Hollywood. The Property is ideally located just steps from the World-Famous Sunset Boulevard, walking distance to an array of shops and restaurants, as well as the world’s most iconic travel and sightseeing destinations. Built in 1965, this 7-unit multi-family property is located in an Opportunity Zone, providing a developer the opportunity to maximize density on this 6,503 square foot R4 zoned lot.

Exclusively Listed By

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