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1440 Tremont, Los Angeles, California 90033, Los Angeles, 90033 - bed, bath

1440 Tremont, Los Angeles, California 90033 home-pic-0
ACTIVE$1,498,000
1440 Tremont, Los Angeles, California 90033
0Bed
0Bath
4,836Sqft
7,503Lot
Year Built
1965
Close
-
List price
$1.5M
Original List price
$1.58M
Price/Sqft
$310
HOA
-
Days on market
-
Sold On
-
MLS number
AR25249732
Home ConditionPoor
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.50M(50th), sqft - 4836(50th), beds - undefined(50th), baths - undefined(50th).

An excellent income opportunity near USC and Exposition Park, this seven-unit multifamily property on Tremont Street offers both stability and upside in one of Los Angeles’s most consistently leased areas. The building features seven two-bedroom, one-bath units, each with dedicated parking, providing reliable functionality and tenant appeal. Located just minutes from the University of Southern California, BMO Stadium, the LA Memorial Coliseum, and the California Science Center, the property benefits from steady rental demand from students and professionals alike. Easy access to the 10 and 110 freeways and nearby Metro E and J Lines supports strong connectivity across the region. With a completed soft-story retrofit, proven leasing history, and continued rent growth in the surrounding area, this asset represents a well-positioned, income-producing investment in a central Los Angeles location.

Price History

Date
Event
Price
12/03/25
Price Change
$1,498,000-5.2%
10/29/25
Listing
$1,580,000
10/02/23
Sold
$1,300,000
01/23/19
Sold
$1,000,000
Condition Rating
Poor
Built in 1965, this multifamily property is over 50 years old. The exterior shows significant wear with dated stucco, cracked concrete, and older fixtures. Crucially, the listing description and AI analysis explicitly state a 'Lack of Interior Unit Updates,' indicating that kitchens, bathrooms, flooring, appliances, and light fixtures are likely original or very outdated. While a soft-story retrofit was completed for structural safety, it does not address the substantial need for modernization within the units. The property requires significant rehabilitation and capital expenditure to bring the living spaces up to current standards for tenant appeal and comfort.
Pros & Cons

Pros

Strong Income Potential: This seven-unit multifamily property is explicitly positioned as an 'excellent income opportunity' with a 'proven leasing history' and 'continued rent growth' in a high-demand area.
Strategic Location & Tenant Pool: Its proximity to USC, Exposition Park, BMO Stadium, and the LA Memorial Coliseum ensures a consistent and robust tenant base of students and professionals.
Excellent Connectivity: Easy access to major freeways (10 & 110) and nearby Metro E & J Lines significantly enhances tenant convenience and broadens the property's appeal across the region.
Structural Safety & Compliance: The completed soft-story retrofit addresses a significant structural concern for older buildings in earthquake-prone California, reducing future liability and capital expenditure for this specific issue.
Dedicated Parking: Each unit having dedicated parking is a significant advantage in a dense urban environment like Los Angeles, adding value and tenant appeal.

Cons

Age of Building & Potential Deferred Maintenance: Built in 1965, the property may have aging systems (e.g., plumbing, electrical, HVAC) that could require significant capital expenditures for updates or repairs not explicitly mentioned as completed.
Unit Configuration Limitations: All units are configured as 2-bedroom, 1-bathroom. While functional, the single bathroom per unit might limit appeal to certain tenant demographics or command lower rents compared to units with multiple bathrooms.
Lack of Interior Unit Updates Mentioned: The property description focuses on location and overall building structure but does not specify any interior unit renovations, suggesting units might be dated and require investment to maximize rental income or tenant satisfaction.

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