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    1321 N Normandie Avenue

    Los Angeles (City), CA 90027
    • $1,427,500
    • STATUS: Active
    • ON SITE: 160 days
    • ID#: 20657714
    Price Reduced
    $1,427,500
    • 0
      BEDS
    • 0.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,948
      SQFT
    • $362
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1913
    County:

    School Ratings & Info

    Description

    *PRICE REDUCED* 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 California Regional Multiple Listing Service, Inc. as of 2021-04-19T00:26:02.1. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Zember Realty Group. Licensed in the State of California, USA.
    www.zemberrealtygroup.com/homes/111741671
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    1321 N Normandie Avenue Los Angeles (City), CA 90027

    • Price: $1,427,500
    • Status: Active
    • ID#: 20657714
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.13
    Acres
    3,948
    SQFT
    $362
    $/SQFT
    1913
    Built
    Neighborhood:
    C20 - Hollywood
    County:
    Los Angeles
    Area:
    C20 - Hollywood
    Property Description
    *PRICE REDUCED* 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

    Parking Features Door-MultiDrivewayGarage

    Interior Features

    Cooling None Cooling YN No Heating None Heating YN No

    Property Features

    Additional Parcels YN Yes Gross Income 268200 Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 196273 Senior Community YN No Special Listing Conditions Standard Vacancy Allowance Rate 100 Zoning Lard1.5

    Listing provided courtesy of Adrian Stepien of Keller Williams Silicon Beach and Derrick Vartanian of


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-19T00:26:02.1. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Zember Realty Group. Licensed in the State of California, USA.
     
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    Zember Realty Group
    1125 Linda Vista Dr.
    San Marcos CA, 92078