$ 3,290,000
-
$3,290,000
Price -
10
Bed -
10
Bath -
6,736
SqFt
NEW! Buy and sell safely with virtual options - Learn More
About the Listing SR0166800 - F159093358
First time on market in 50 years. A Fourplex plus duplex - Six units - Four units 2 bed 1 bath and Two units 1 bed 1 barh - each with its own laundry and ample closets for storage A unique multifamily located in East Hollywood, Freeway close and convenient to entertainment, KTTV Studios, Paramount Studios, Netflix, Kodak Theater, Greek Theater, Griffith Park, minutes from Downtown Los Angeles. Pride of ownership with three 2024-2026 upgraded units in upscale architectural and design features and amenities. No expense was spared in upgrading the three units to Architectural Digest standards. New plumbing, new electrical in two units and partial new electrical in one unit, new flooring, new kitchen and bath fixtures. Owner user for one unit and long term hold with income from rentals with potential for a future redevelopment for multifamily project (to be verified with City of Los Angeles). Five units will be delivered vacant. Buyer will be able to rent the vacant units at market or start plans for a redevlopment without the extreme cost of relocating tenants. All income and expenses are estimated and proforma based on the renovated upgraded units and market rents for such units. Building will be delivered with five vacant units. Buyer to perform its own due diligence. Broker does not warranty any of the information. Broker has not verified any of the information nor will broker verify any of the information. Vacant units can be rented at market rents of up to $2,800 for the one bedroom units and up to $3,650 for the two bedroom units. Four detached garages that can produce additional rental income of $150 each. As five units will be delivered vacant, the GRM is based on proforma future tenancy. The unit sizes are approximate. Zoning information gathered from ZMAS - ZI-2374 State Enterprise Zone: Los Angeles - R3-1XL ZI-2427 Freeway Adjacent Advisory Notice for Sensitive Uses - ZI-2452 Transit Priority Area in the City of Los Angeles - ZI-2512 Housing Element Sites - General Plan land use - Medium residential. Buyer to verify All information provided above. Broker, owner or any other representative of the owner has not verified nor will verify any of the information. Buyer to perform its due diligence with its own experts.
Listing Highlights
Interior Details
- Bedrooms: 10
- Bathrooms: 10 Full
- Appliances:
- Air Cond: Wall/Window Unit(s)
- Heating:
- Fireplaces: Dining Room,Electric,Gas,Kitchen,Living Room,Primary Bedroom
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other: Ceiling Fan(s),Multiple Staircases,Quartz Counters
- Water:
Exterior Details
- Lot Description: Level,Near Public Transit,Street Level,No Land Lease
- Garage Capacity: 4 car
- Parking Spaces: 4
- Roof:
- Others: Updated/Remodeled,2+ Total Units
- Sewer: Public Sewer
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 5537018013
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Questions About..
1007 N Normandie Los Angeles, CA 90029
Never Miss A New Property
Get notified any time there's a new home on the market in this neighborhood!
Don't worry! We'll never spam you or sell your details. You can unsubscribe whenever you'd like.
Listing Courtesy of -
