215 S Normandie Avenue

    Los Angeles (City), CA 90004
    • $2,750,000
    • STATUS: Active
    • ON SITE: 132 days
    • ID#: 17280268
    UPDATED: 34 min ago
    $2,750,000
    • 0
      BEDS
    • 0.18
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 9,158
      SQFT
    • $300
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1962
    County:

    School Ratings & Info

    Description

    As part of the Mid-Wilshire/Century 4 Portfolio, we are proud to present 215 S Normandie Ave, a 1962 built Mid-Century 2-story 12-unit wood-frame stucco building. The property features front fa++G+G+-ade accent lines and tasteful landscaping. The building is separately metered for gas and electric, contains a master boiler, and has on-site laundry machines. The unit mix consists of 10 (1+1) and 2 (2+2) apartments. This is an excellent value-add investment opportunity for investors looking to purchase a property with considerable rental upside potential located in a booming/high-demand rental market. This asset can be purchased individually or in groups/bulk with the other 3 buildings in the Mid-Wilshire/Century 4 Portfolio.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-02-24T22:26:23.297. 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.
    www.themarellygroup.com/homes/77734228

    215 S Normandie Avenue Los Angeles (City), CA 90004

    • Price: $2,750,000
    • Status: Active
    • Updated: 34 min ago
    • ID#: 17280268
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.18
    Acres
    9,158
    SQFT
    $300
    $/SQFT
    1962
    Built
    Neighborhood:
    C17 - Mid-Wilshire
    County:
    Los Angeles
    Area:
    C17 - Mid-Wilshire
    Property Description
    As part of the Mid-Wilshire/Century 4 Portfolio, we are proud to present 215 S Normandie Ave, a 1962 built Mid-Century 2-story 12-unit wood-frame stucco building. The property features front fa++G+G+-ade accent lines and tasteful landscaping. The building is separately metered for gas and electric, contains a master boiler, and has on-site laundry machines. The unit mix consists of 10 (1+1) and 2 (2+2) apartments. This is an excellent value-add investment opportunity for investors looking to purchase a property with considerable rental upside potential located in a booming/high-demand rental market. This asset can be purchased individually or in groups/bulk with the other 3 buildings in the Mid-Wilshire/Century 4 Portfolio.
    Exterior Features

    Direction Faces East Lot Size Source Assessor Lot Size Units Square Feet Parking Features Assigned Parking YN Yes

    Interior Features

    Appliances RefrigeratorWater Heater Central Appliances YN Yes Cooling Wall Window Cooling YN Yes

    Property Features

    Gross Multiplier 14.94 Gross Operating Income 178579.00 Improvements Amount 507625 Land Value 1218300 Net Operating Income 106597.00 Special Listing Conditions Standard Tenant Pays ElectricityGas Total Expenses 71982.00 Zoning Lar3

    Listing provided courtesy of Matthew R. Kanner of Keller Williams Realty Los Fel.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-02-24T22:26:23.297. 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.
    The Marelly Group | Realty One Group
    5256 South Mission Rd, Suite 1006
    Bonsall CA, 92003