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525 N Normandie Ave

Los Angeles, CA 90004
  • $5,200,000
  • STATUS: Active Under Contract
  • ON SITE: 79 Days
  • ID#: 22-144747
Under Contract
UPDATED: 42 min ago
$5,200,000
  • 18
    BEDS
  • 0.19
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 10,420
    SQFT
  • $499
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
2022
County:
Area:

School Ratings & Info

Description

We are pleased to present The Normandie 6, a newly built 6-unit townhouse complex in prime East Hollywood, sitting atop Normandie Hill with 360 degree city views from it's private balconies& rooftop balconies and walking distance from beloved, local hotspots in the active neighborhood. This high demand rental will provide proud investors with a 4.57% Cap Rate, with easy maintenance and little management needed. The Normandie 6 features (6) 3 Bed/3 Bath units with high ceilings, large balconies, in-unit washer & dryer, stainless steel appliances, private rooftop decks, private parking, and manicured landscaping. In addition to the impressive return, investors will enjoy extreme desirability among renters for years to come. These luxury units define upscale urban living in a neighborhood that is experiencing tremendous growth and steady gentrification. Please call LA1 for showings, do not disturb tenants. Disclaimer: Total SF includes garages and roof decks as described on plans. All information has been secured from sources we believe to be reliable. However, we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information above and bears all risk for any inaccuracies. PLEASE NOTE THE FOLLOWING: 1) Submit offer on a CAR Residential Income Purchase Agreement. 2) Submit proof of funds with offer. 3) Seller selects all services. 4) Do not disturb tenants.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-06-30T10:42:52.037. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.corrieluxuryhomes.com/homes/127588994
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525 N Normandie Ave Los Angeles, CA 90004

  • Price: $5,200,000
  • Status: Active Under Contract
  • On Site: 79 Days
  • Updated: 42 min ago
  • ID#: 22-144747
18
Beds
0
Baths
0
½ Baths
0.19
Acres
10,420
SQFT
$499
$/SQFT
2022
Built
Neighborhood:
Mid-Wilshire
County:
Los Angeles
Area:
Mid-Wilshire
Property Description
We are pleased to present The Normandie 6, a newly built 6-unit townhouse complex in prime East Hollywood, sitting atop Normandie Hill with 360 degree city views from it's private balconies& rooftop balconies and walking distance from beloved, local hotspots in the active neighborhood. This high demand rental will provide proud investors with a 4.57% Cap Rate, with easy maintenance and little management needed. The Normandie 6 features (6) 3 Bed/3 Bath units with high ceilings, large balconies, in-unit washer & dryer, stainless steel appliances, private rooftop decks, private parking, and manicured landscaping. In addition to the impressive return, investors will enjoy extreme desirability among renters for years to come. These luxury units define upscale urban living in a neighborhood that is experiencing tremendous growth and steady gentrification. Please call LA1 for showings, do not disturb tenants. Disclaimer: Total SF includes garages and roof decks as described on plans. All information has been secured from sources we believe to be reliable. However, we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information above and bears all risk for any inaccuracies. PLEASE NOTE THE FOLLOWING: 1) Submit offer on a CAR Residential Income Purchase Agreement. 2) Submit proof of funds with offer. 3) Seller selects all services. 4) Do not disturb tenants.
Exterior Features

Lot Description Automatic GateExterior Security Lights Lot Location City Lot Size Area 8246 Other Structures None Parking Garage AttachedGarage Is AttachedGarage - 2 CarGarage Patio Features Roof Top DeckBalcony Style Modern Total Parking 12 View Description CityPanoramic View YN Yes

Interior Features

Baths Total 18.00 Cooking Appliances GasCooktop - Gas Cooling Wall Unit(S) Equipment DishwasherDryerWasherGarbage DisposalRefrigeratorRange/OvenMicrowave Flooring Laminate Heating Wall Laundry In Unit Laundry Equipment Own Water Heater Features Tankless Windows Double Pane Windows

Property Features

Assessed Total Value 1226172 Gross Income 321600 Gross Operating Income 321600 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Like Units6 1 Net Operating Income 237552.00 Number Of Buildings 3 Number Of Units 6 Owner Pays Gardener Property Condition New Construction Sale Type Standard Security Features Automatic GateSmoke DetectorGatedExterior Security Lights Sewer In Street Source Living Area Plans Source Lot Size Area Assessor Tenant Pays ElectricityGasWaterTrash Collection Total Annual Expense 74400 Type Of Units Townhome Water Public Year Built Source Builder Zoning Lar3

Listing provided courtesy of Yohann Bensimon DRE#01966630 of Keller Williams Hollywood Hills.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-06-30T10:42:52.037. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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