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    1321 N Normandie Ave

    Los Angeles, CA 90027
    • $1,449,500
    • STATUS: Active
    • ON SITE: 14 days
    • ID#: 20-657714
    UPDATED: 28 min ago
    $1,449,500
    • 2
      BEDS
    • 0.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,948
      SQFT
    • $367
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1913
    County:
    Area:

    School Ratings & Info

    Description

    We are pleased to present 1321-1325 N Normandie Ave - a (6) unit multifamily development opportunity situated in East Hollywood. The proposed project consists of two separate APN's (1325 N Normandie is available for sale next door) and will be sold with RTI plans in place, making it the perfect opportunity for a potential investor to begin construction immediately. Each of the properties consists of a vacant 3 Bedroom / 1 Bath Single Family Residence in the front and a detached Duplex in the rear with (2) 1 Bedroom / 1 Bath units. The proposed RTI plans, which consist of 7,612 SF of living area on a combined 10,816 lot, modify the current property and feature a phenomenal unit mix of: (1) 3 Bedroom / 2.5 Bath unit, (2) 3 Bedroom / 3 Bath units and (3) 4 Bedroom / 3 Bath units. The modification of the current structures with the RTI plans that are in place allow an investor to avoid demolition costs and ground up construction, resulting in significant time and financial savings!

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-11-24T21:42:24.41. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.trulinerealty.com/homes/111741893
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    1321 N Normandie Ave Los Angeles, CA 90027

    • Price: $1,449,500
    • Status: Active
    • Updated: 28 min ago
    • ID#: 20-657714
    2
    Beds
    0
    Baths
    0
    ½ Baths
    0.13
    Acres
    3,948
    SQFT
    $367
    $/SQFT
    1913
    Built
    Neighborhood:
    Hollywood
    County:
    Los Angeles
    Area:
    Hollywood
    Property Description
    We are pleased to present 1321-1325 N Normandie Ave - a (6) unit multifamily development opportunity situated in East Hollywood. The proposed project consists of two separate APN's (1325 N Normandie is available for sale next door) and will be sold with RTI plans in place, making it the perfect opportunity for a potential investor to begin construction immediately. Each of the properties consists of a vacant 3 Bedroom / 1 Bath Single Family Residence in the front and a detached Duplex in the rear with (2) 1 Bedroom / 1 Bath units. The proposed RTI plans, which consist of 7,612 SF of living area on a combined 10,816 lot, modify the current property and feature a phenomenal unit mix of: (1) 3 Bedroom / 2.5 Bath unit, (2) 3 Bedroom / 3 Bath units and (3) 4 Bedroom / 3 Bath units. The modification of the current structures with the RTI plans that are in place allow an investor to avoid demolition costs and ground up construction, resulting in significant time and financial savings!
    Exterior Features

    Lot Size Area 5747 Other Structures None Parking Garage DrivewayGarage - 2 Car Total Parking 3

    Interior Features

    Baths Total 3.00 Cooling None Equipment None Heating None

    Property Features

    Assessed Total Value 284590 Gross Income 268200 Gross Operating Income 260154 Like Units1 1 Like Units2 1 Like Units3 1 Net Operating Income 195745.00 Number Of Buildings 2 Number Of Units 3 Sale Type Standard Source Living Area Plans Source Lot Size Area Vendor Enhanced Source Lot Size Dimensions Vendor Enhanced Total Annual Expense 64409 Type Of Units 34 Bed Year Built Source Vendor Enhanced Zoning Lard1.5

    Listing provided courtesy of Adrian Stepien DRE#01979555 of Keller Williams Silicon Beach.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-11-24T21:42:24.41. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    TruLine Realty
    8644 Wilshire Blvd. Suite 204
    Beverly Hills CA, 90211