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$2,695,000

Beds
10
sq ft
3,221

1306 Talmadge St, Los Angeles, CA 90027

1306 Talmadge St

Los Angeles, CA 90027

  • 19 days on market
Step into this exceptional investment opportunity or owner-occupant dream! This fully updated 4-plex features two duplexes housed in separate buildings, thoughtfully designed around a common area courtyard. With strong market rents, incredible tenants in place, and junior ADU architectural drawings and structural calculations already completed, this property offers turnkey ease and endless potential. Each of the four units has been fully modernized with updated kitchens and bathrooms, fresh interior flooring, and stylish new light fixtures. The exterior of both buildings shine with fresh paint, and the landscaped grounds enhance curb appeal. Every unit comes equipped with convenient in-unit amenities, including washer/dryers, refrigerators, dishwashers, and oven/ranges ensuring tenant satisfaction at every turn. Nestled at the gateway of Franklin Hills, this property is ideally located to enjoy the best of Los Angeles' vibrant culture while offering a serene community feel. Minutes from iconic destinations like Sunset Junction, Mendocino Farms, Lyric Cafe, and located within a top-tier school district. This property is perfect for owner occupied, tenants, and investors alike. Whether you're seeking reliable income or looking to generate passive income, this is your chance to own a piece of Franklin Hills' unique charm!

Details

Property type

Est. home value

$2,000,402

Property condition

Updated/Remodeled

Lot size

6,785 sq ft

Price per sq ft

$837

Year built

1922

HOA

No

Price History

03/12/2025
CLAW

CLAW #25510339

Listed
$2,695,000
+43.73%
02/02/2023
CRMLS

CRMLS #BB22144783

Sold
$1,875,000

Schools & Community

Neighborhood: 

Los Feliz

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Gated

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$1,117,818
Asking price
$2,695,000
Closing costs (~8% of asking)
-$215,600
Est. remaining loan balance
-$1,361,582
Cash to seller
$1,117,818

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

United Wholesale Mortgage

Loan start date

January 2023

Original loan amount

$1,396,800

Est. remaining balance

$1,361,582

Interest rate

6.49%

Loan type

New Conventional, 30 year

Seller

James Thomas Gill and Dunia Handy Gill

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 03/31/2025 at 7:40 AM

Listing updated: 03/18/2025 at 2:35 PM

Listed by: Dunia Handy Gill, Coldwell Banker Realty Phone #: (626) 584-0050

MLS: CLAW #25510339

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