NEW TIC COMMUNITY| 1158 1/2-1160 1/2 N Madison Ave. | $549,000

NEW TIC COMMUNITY| 1158 1/2-1160 1/2 N Madison Ave. | $549,000

Stunning 1920’s Spanish Flats


1158 1/2-1160 1/2 N MADISON AVE. HOA, EAST HOLLYWOOD 
A 4-UNIT TIC COMMUNITY | TWO UNITS AVAILABLE SUMMER 2020

Fantastic 1920’s Spanish two-bedroom units in an intimate four-unit community in East Hollywood, carefully restored to their original beauty.

Remodeled, open concept kitchen featuring shaker cabinets, quartz counters, open shelving over our new favorite white organic tile, brass fixtures, new appliances and a butcher block island which overlooks the spacious living room. All units are surrounded in vintage restored casement windows.

The light here is spectacular, bring all the fiddle figs with you. Put them on either side of your period faux fireplace with ornate, beautiful details. High 9-foot ceilings, refinished blonde hardwood floors, and views of the Hollywood sign, this one is special. Need a space to work? We’ve made the oversized closet into a little office, with its own little window, it’s a perfect place to focus on the paperwork. Head down the hallway past a large closet to a full bathroom featuring original details with a modern update, hex tile floors, an adorable wall mounted sink, a full tub with new tile enclosure, original built-in medicine and linen cabinets. Past the two bedrooms with roomy closets in each, through the laundry room, you’ll reach the back entrance overlooking a massive hardscape backyard for you and your three new friends to enjoy the garden beds, fire pit, outdoor dining. Let your imagination take over, maybe a pool one day?

Parking for two, low HOA’s, and a few short blocks from Dinosaur Coffee and Silver Lake Junction to the east, Home State and Go Get ‘Em Tiger to the north, Sqirl and Jewel to the south, this home is pretty perfect.

TIC sale with financing available – with as little as 10% down thru Sterling Bank, Susan Ramirez, SRamirez@sterlingbank.com.

1158 1/2-1160 1/2 Madison Ave. HOA FAQ, a Tenants in Common (TIC) Community:

  • HOA covers insurance, gardening, finance management and water
  • Owner pays for their unit gas, electric and trash
  • Insurance covers the entire property, including walls-in (buyer does not need to get additional HO-6 policy)
  • Pets are allowed
  • Rental restrictions apply, please inquire
  • No permission needed to sell your unit
  • With TIC you have similar usage and renovation rights as a condo owner 
  • All units are being offered for sale for the first time
  • We do not need to close multiple units concurrently 
  • We can close one unit at a time
  • Contact listing agent if you have further questions!

1160 1/4 Madison Ave.


1160 1/2 Madison Ave.




ABOUT THE RENTAL GIRL & HOW WE GOT INVOLVED WITH TENANTS IN COMMON (TIC):

  • Read more about TIC ownership HERE
  • Download a copy of our TIC Field GuideHERE
  • View all our current TIC offerings HERE
  • The Rental Girl + TIC + Our Story HERE
  • Visit Andy Sirkin’s website for more research on TIC sales HERE
    (Andy is the TIC attorney who pioneered TIC sales in the early 80’s in San Francisco. His website has a wealth of info on TIC ownership).
  • View TRG + TIC in the News, for Press & Media go HERE
  • If you are a buyer or investor interested in purchasing or developing a TIC, contact an experienced TIC Realtor® on our team.

Liz McDonald Broker and Founder of The Rental Girl

Elizabeth McDonald, Broker & TIC Co-Lead
liz@therentalgirl.com
The Rental Girl
323-313-5780 / Cell
BRE Lic #: 01449897 


The Rental Girl (therentalgirl.com) is a full service Real Estate brokerage specializing in residential leasing and sales. We have been serving renters and landlords since 2004. We work with thousands of Los Angeles renters each year, and many of these renters are qualified to buy, but can’t afford or find a home in a neighborhood they want to live. In 2016, a client of ours introduced us to TIC ownership and we saw immediately how many renters and entry level buyers in LA could benefit from a TIC market here. We met with Sterling Bank, who was working actively to pioneer a TIC market in LA, and other San Francisco vendors. And so began our research on TICs. Since then, we have helped bring many TIC units to the market, and we have many new TIC communities coming soon. With every new TIC building that hits the market, more renters, landlords and realtors are discovering TIC sales and the TIC movement is growing rapidly. We love to share our accumulated knowledge, and support our real estate colleagues, landlords and renters and the TIC community.


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