1277 N Normandie Avenue

  • Los Angeles

  • $899,000
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Residential Income Details

Description
Extremely rare opportunity to purchase a VACANT duplex with great income in a developing part of Hollywood, as well as LAR3 Zoning with development potential. One unit may even be split into 3rd space. STORE & RESIDENTIAL land use. Separate large bonus structure that can be a great studio for so many things, includes sep. storage space. Lot's of parking, and huge backyard with limitless possibilities, including turning it into natural landscape or vegetable garden. Owner was collecting $4,200 per month without collecting rent on the separate studio space. Both units have separate addresses, entrances and meters. A lot of work has gone into raising the potential of the property, and there is a lot more room to go. Approximately 5.5% cap rate without including the separate studio space or present market rent. Imagine the possibilities! Collect great income while planning development with the LAR3 Zoning. Priced low to sell quick because seller is in escrow to purchase another property.
Essential
MLS #18372612
Price$899,000
Number of Units2
Sale TypeStandard
StatusActive
Listing Brokerage360 Realty
Listing AgentEmmanuel Xuereb
Listing Agent BRE #01845114
Co-Listing AgentSalvator Xuereb
Co-Listing Agent BRE #02040807
Interior
AppliancesRefrigerator
CoolingSee Remarks
Exterior
ParkingCarport
Community
AreaC20 - Hollywood
Address1277 N Normandie Avenue
CityLos Angeles
CountyLos Angeles
StateCA
ZipCode90029
School

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Based on information from California Regional Multiple Listing Service, Inc. as of Tuesday, August 14, 2018. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.