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NewLuxury

$5,200,000

5,403 sqft$962/sqft9 days on market

1211 Tamarind Avenue

Los Angeles, CA 90038

· 8% down, 7% APR, 30yr fixed

10

Beds

8

Baths

5,403

Square feet

1958

Built

Listing narrative

Description

We are pleased to present a thirty-two (32) unit portfolio located at 1211-1227 Tamarind Ave in Los Angeles, California. The subject property is located in a prime Hollywood location, just south of Sunset Blvd and east of Vine St. Located in Hollywood, 12111227 Tamarind Avenue presents four adjacent apartment buildings offered as a portfolio for the first time in 50 years. The properties occupy over 26,000 square feet of combined land and offer approximately 30% rental upside. Completed improvements include soft-story retrofits, SB721 inspections, and new electrical subpanels in every unit. Two buildings received new roofs in 2026, while three feature solar water heating and owner-owned laundry machines. The portfolio includes 24 parking spaces, with potential to convert tuck-under parking into ADUs, subject to buyer verification. Properties may be resold individually, providing disposition flexibility. Proximity to Sunset Boulevard, Hollywood entertainment destinations, the Metro B Line, and the 101 Freeway enhances connectivity, while the combined parcels offer future redevelopment potential. With four adjacent buildings in a prime Hollywood location, approximately 30% rental upside, and potential for ADU conversion and future redevelopment, this portfolio offers multiple avenues for value creation alongside the flexibility to resell properties individually. ***PLEASE NOTE: There are 4 buildings being sold as a portfolio ONLY. 1211, 1215, 1223 and 1227 Tamarind Ave, Los Angeles, CA 90038 (APNs: 5534-011-010, 5534-011-009, 5534-011-008, 5534-011-007). ***

Listing agent (MLS): Jason Tuvia · Listing brokerage (MLS): Marcus & Millichap

Property Details

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Price

$5,200,000

Beds

10 bd

Type

House

Home Size

5,403 sqft

Baths

8

Lot Size

0.15 acres

Year

1958

Status

New

Days on Market

9

$ / Sqft

$962

· 8% down, 7% APR, 30yr fixed
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Courtesy of Marcus & Millichap