Thank you
Salar Farshchi Tabrizi
Equity Union
818-989-2000
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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Water Source : Public
Sewer : Public Sewer
Interior Features: Granite Counters
Property Appliances: Gas Oven,Microwave
Fireplace: None
Central Air
Air Conditioning
Central
Has Heating
Fireplace Features: None
Has Fireplace: 0
Year Built: 1990
Building Area Total: 5,724
Parking
None
Common Area
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.1688
Lot Size Source: Assessor
Lot Size Square Feet: 7355
Original List Price: 2,999,000
Listing Contract Date: 2024-04-12
Listing Agreement: Exclusive Right To Sell
Parcel Number: 5520002046
Lease Term: Negotiable
Source Listing Status: Active
Source Neighborhood: C20 - Hollywood
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
Zoning: LAR3
Source Property Type: Residential Income
Area: C20 - Hollywood
Property SubType: Mixed Use
Property Age: 34
Common Walls: No Common Walls
Structure Type: Mixed Use
Year Built Source: Assessor
Entry Level: 1
Entry Location: Street
Levels or Stories: Three Or More
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
101 S Mariposa, Los Angeles, CA,90004 | $2,100,000 | 4 | 2 | 1,890 | 4796 Sqft |
161 S St Andrews Place, Los Angeles, CA,90004 | $4,550,000 | 21 | -- | 15,606 | 8490 Sqft |
641 N Hobart Boulevard, Los Angeles, CA,90004 | $7,550,000 | 18 | -- | 16,035 | 7506 Sqft |
4572 Rosewood Avenue, Los Angeles, CA,90004 | $1,295,000 | 4 | -- | 2,114 | 4994 Sqft |
533 N Commonwealth Avenue, Los Angeles, CA,90004 | $1,265,000 | 4 | -- | 3,299 | 7503 Sqft |
543 N Heliotrope Drive, Los Angeles, CA,90004 | $2,150,000 | 10 | 5 | 4,808 | 8000 Sqft |
246 N Catalina Street #4, Los Angeles, CA,90004 | $2,500 | 1 | 1 | 690 | 7779 Sqft |
251 N Kenmore Avenue, Los Angeles, CA,90004 | $2,295,000 | 12 | -- | 6,852 | 7632 Sqft |
501 N Gower Street, Los Angeles, CA,90004 | $1,995,000 | 3 | 3 | 1,803 | 5577 Sqft |
4835 Elmwood Avenue #4835, Los Angeles, CA,90004 | $4,100,000 | 17 | -- | 6,870 | 7248 Sqft |
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ByOwner last updated this listing 05/05/2024 @ 21:22
MLS: SR24074723
LISTED BY: Salar Farshchi Tabrizi, Equity Union
SOURCE: CRMLS
Buyer Agency Compensation: 2.5%
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.