1277 N NORMANDIE Avenue, Los Angeles, CA 90029

About this property

Extremely rare opportunity to purchase a VACANT duplex with great income in a developing part of Hollywood, as well as LAR3 Zoning with development potential. One unit may even be split into 3rd space. STORE & RESIDENTIAL land use. Separate large bonus structure that can be a great studio for so many things, includes sep. storage space. Lot's of parking, and huge backyard with limitless possibilities, including turning it into natural landscape or vegetable garden. Owner was collecting $4,200 per month without collecting rent on the separate studio space. Both units have separate addresses, entrances and meters. A lot of work has gone into raising the potential of the property, and there is a lot more room to go. Approximately 5.5% cap rate without including the separate studio space or present market rent. Imagine the possibilities! Collect great income while planning development with the LAR3 Zoning. Priced low to sell quick because seller is in escrow to purchase another property.

Listing description from the August 2018 sale, as reported to CRMLS.

Sale history

$885,000

Sold August 2018 · listed $899,000, on market August 2018 · MLS #18372612 · Source: CRMLS

Listing Agent: Emmanuel Xuereb · Listing Office: 360 Realty · Contact: 800-399-9659 · Bought with: Emmanuel Xuereb · 360 Realty

$680,000

Sold December 2016 · listed $695,000, orig. $699,900, on market March 2016 · MLS #SB16048681 · Source: CRMLS

Listing Agent: Zenaida Macapobre · Listing Office: Keller Williams Realty · Contact: 310-375-3511 · Bought with: Emmanuel Xuereb · 360 Realty

Explore Los Angeles