601 N Normandie Avenue
Los Angeles, CA, 90004 $ 2,999,000
Bedrooms9 Baths1.0 Sq 5,724 Monthly Estimate*
$ 20,949
for $2,999,000 with 9 bedrooms and 1 full bath. This 5,724 square foot home was built in 1990 on a lot size of 0.1688.
We are pleased to present for sale this Fully Remodeled, mid-rise, true pride of ownership 9-unit multi-family apartment complex located in the East Hollywood area at 601 North Normandie Avenue. ALL 9 UNITS WILL BE DELIVERED VACANT AT COE! All New Plumbing, All New Electrical, New Fire Sprinkler System, New Roofing, All New Dual Pane Windows, New Central A/C & Heating units, All New Energy Saving LED recessed lights, New smooth stucco, New doors, New Iron handrails, New Kitchen. Built in 1990, this property is a truly unique investment opportunity that is not subject to Los Angeles City Rent Stabilization Ordinance rent control. Amenities include central heating and air, granite counter tops, vinyl floors, controlled access, gated, tankless water heaters, separately metered for gas and electric, stainless steel appliances, sprinkler system, secured parking for approximately 12 spaces, laundry facilities on premises. The subject property sits on a lot size of approximately 7,353 square feet and the building square feet is approximately 5,724 square feet. Unit mix consists of nine (9) one bedroom, one bath apartments, currently used as Short Term Rentals. Call Listing Agents for details and showings. Smack middle Hollywood and Downtown LA. Few blocks away from Mid-Wilshire, close to 101 Freeway. Do not disturb tenants! ALL 9 UNITS WILL BE DELIVERED VACANT AT COE! Do not miss this opportunity. This won't last long!
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FeaturesGeneralInterior Features GraniteCounters
Sewer PublicSewer
Heating Central
Cooling CentralAir
Utilities NaturalGasAvailable NaturalGasConnected SewerConnected SewerNotAvailable WaterAvailable WaterConnected
Appliances GasOven Microwave
Zoning LAR3
HOA 0.0
Garage Spaces 0.0
Pool Features None
Year Built 1990
Levels ThreeOrMore
Property SubType MixedUse
Gross Income 247968.0
Community Features Curbs Gutters Sidewalks
Accessibility Parking
County Los Angeles
Net Operating Income 177064.0
Operating Expense 0.0
Insurance Expense 0.0
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Garage Y/N N
Special Listing Conditions Standard
Status Active
Directions Follow US-101 S to N Ardmore Ave. Take exit 6B from US-101 S. Continue on N Ardmore Ave. Drive to Normandie Ave
City Los Angeles
Entry Location Street
View Y/N N
Senior Community Y/N N
Open Parking Spaces 3.0
Total Units 9
MLS Area C20 - Hollywood
Lot Size Square Feet 7355.0
Private Pool N
Waterfront Y/N N
Carport Spaces 9.0
Carport Y/N Y
Street Name Normandie
Listing Terms Cash CashtoNewLoan
Property Attached Y/N N
Land Lease Y/N N
Home Warranty Y/N N
Fuel Expense 0.0
Trash Expense 0.0
Water Sewer Expense 0.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N Y
Days on Market 6
Building Area Units SquareFeet
Standard Status Active
Year Built Source Assessor
Tax Lot 103
Property Sub Type Additional MixedUse
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ExteriorLot Features Item610UnitsAcre
Water Source Public
Total Parking 12.0
Lot Size Area 7355.0
Number of Buildings 1
Spa N
Building Area Total 5724.0
Lot Size Acres 0.1688
Lot Size Units SquareFeet
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 10
Number of Separate Electric Meters 9
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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InteriorFireplace Features None
Total Stories 3
Common Walls NoCommonWalls
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Street Suffix Avenue
Laundry Features CommonArea
Entry Level 1
Electric On Property Y/N N
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* Excluded FeaturesAffordability Calculator
- Monthly Principal & Interest
- $20,949
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Los Angeles, CA
Average List Price $2,031,098
Percent of Sale Price 32%
About Los Angeles, CA 3,920,026 Population
6% Since 2002
$ 55,057 Median Income
36.82 Median Age
27% Households with Children
Trends Information provided by ATTOM Data Solutions.
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 4/16/2024 | $2,999,000 | | Listed Price |