1211 Tamarind Ave, Los Angeles, CA 90038

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). ***