Iconic Lists Tremont Apartments

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1023 Tremont St - Iconic Investments
Iconic Investments Peter Strauss

TREMONT APARTMENTS

5 Units | Boyle Heights

The Tremont Apartments is a five-unit multifamily property located in the heart of Los Angeles’ Boyle Heights neighborhood, one of the city’s hottest and rapidly evolving new submarkets. The community and local owners are enjoying the benefits of rapid growth and urbanization that are happening at the local level. The Tremont Apartments is perfect for a renovation-oriented buyer as three of the five units will be delivered vacant at the close of escrow.

Located at 1023 Tremont St, The Tremont Apartments was built in 1927 and features ±4,051 square-feet of improvements on a ±8,138 square-foot lot. The property features all two-bedroom and one-bath units with an average living area of 800 square feet each and individual water heaters.

  • Three of the Five Units Delivered Vacant

  • Fast Changing Submarket

  • Immediately Reposition Asset

  • 1-Mile to USC Medical & Pharmacy Schools

  • Charming 2 Bedroom/1 Bath Units

  • Going-In CAP Rate of 6.10%.

Listed at $1,075,000.

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PETER STRAUSS
PARTNER
O: 747.444.3303
C: 310.993.7600
peter@iconicinv.com
BRE 01335696


DANIEL BARIL
ASSOCIATE
O: 747.444.3302
C: 213.247.8009
daniel.baril@iconicinv.com
BRE 02087856