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Apartments For Sale • 17,095 SF
| This is a bankruptcy sale that will be subject to a court overbid |
| The Neema Group of Marcus & Millichap is pleased to present 1825 Tamarind Ave, a multifamily investment opportunity totaling 33 units in Hollywood |
| The subject property consists of two structures featuring a unit mix of 20 singles, nine one-bedrooms, three two-bedrooms, and one three-bedroom |
| 33 parking spaces, a mix of tuck under parking and uncovered spaces at the rear of the property |
| Nine units will be delivered vacant at the close of escrow, |
| The abundant parking and storage spaces create an opportunity to add several ADU’s via the newly passed SB 1211 (Buyer to verify) |
| Cap Rate: | 5.35 % |
| Total Expenses: | $234,524 USD |
| Commuter Rail | Drive | Walk | Distance |
|---|---|---|---|
| Glendale (Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink)) | 8 min | - | 4.6 mi |
| Downtown Burbank (Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink)) | 13 min | - | 6.7 mi |
| Transit/Subway | Drive | Walk | Distance |
| Hollywood/Vine Station (Red Line - Los Angeles County Metropolitan Transportation Authority (Metro)) | 1 min | 13 min | 0.7 mi |
| Hollywood/Western Station (Red Line - Los Angeles County Metropolitan Transportation Authority (Metro)) | 2 min | 15 min | 0.8 mi |
| Airport | Drive | Walk | Distance |
| Bob Hope | 15 min | - | 8.8 mi |
| Los Angeles International | 28 min | - | 14.9 mi |
| Long Beach (Daugherty Field) | 39 min | - | 28.8 mi |
| Parking Available: | Yes |
| Reserved: | No |
| Type: | Surface |
| Included in Rent: | Yes |
Patricia Escobar
Marcus & Millichap
