This is the opportunity of a lifetime. Buy the Corner and Hold if for the Future.!!!!! There are very few buildable commercial 1 acre lots in the area. The subject property actually sits in the corner of this particular lot and is the missing piece needed for a potentially spectacular development at this locationSubject property is a duplex in Hollywood, 1424 and 1424 1/2 N. Normandie Ave. Zoning is LAC2, but the structural use is residential. Currently brings in under market value rent! Two single story detached homes! The front unit is a 2 bedroom with a full bath. The back unit is a 1 bedroom with a full bathroom, with an additional bedroom which is not permitted. Each unit has their own private outdoor space, and each with there own washer/dryer! Tenants pay their power and gas. Easy walk to all of the hip and trendy shops and restaurants on Sunset. Seller is MOTIVATED! Don't hesitate to submit. Seller is the listing agent and is also a licensed real estate agent in the State of California.
Property Type :
Residential Income
County :
Los Angeles
Style :
Residential Income
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ByOwner last updated this listing 05/02/2024 @ 11:58
MLS: 219109450DA
LISTED BY: Gary Demiraiakian, HPS Real Estate Investments
SOURCE: CRMLS
Buyer Agency Compensation: 3%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.
