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    259 S Normandie Ave

    Los Angeles, CA 90004
    • $2,600,000
    • STATUS: Active
    • ON SITE: 193 days
    • MLS #: 21-705926
    UPDATED: 37 min ago
    $2,600,000
    • 10
      BEDS
    • 0.18
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,638
      SQFT
    • $340
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1958
    County:
    Area:

    School Ratings & Info

    Description

    259 S Normandie Avenue is an 12-unit apartment building in the Normandie Square neighborhood of Los Angeles, CA. Built in 1958, the two-story property is comprised of four (4) studio units, six (6) one-bedroom, one- bathroom units and two (2) two-bedroom, two-bathroom units. The property offers gated tuck-under and surface parking and an on-site laundry facility. The units are individually metered for gas and electricity. This property provides a clear path for an investor to execute their business plan and add value to the property.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-09-25T19:42:39.35. 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.desertarealuxuryhomes.com/homes/115127933
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    259 S Normandie Ave Los Angeles, CA 90004

    • Price: $2,600,000
    • Status: Active
    • Updated: 37 min ago
    • MLS #: 21-705926
    10
    Beds
    0
    Baths
    0
    ½ Baths
    0.18
    Acres
    7,638
    SQFT
    $340
    $/SQFT
    1958
    Built
    Neighborhood:
    Mid-Wilshire
    County:
    Los Angeles
    Area:
    Mid-Wilshire
    Property Description
    259 S Normandie Avenue is an 12-unit apartment building in the Normandie Square neighborhood of Los Angeles, CA. Built in 1958, the two-story property is comprised of four (4) studio units, six (6) one-bedroom, one- bathroom units and two (2) two-bedroom, two-bathroom units. The property offers gated tuck-under and surface parking and an on-site laundry facility. The units are individually metered for gas and electricity. This property provides a clear path for an investor to execute their business plan and add value to the property.
    Exterior Features

    Lot Location City Lot Size Area 7962 Other Structures None Parking Garage Covered Parking Paved YN Yes Total Parking 14

    Interior Features

    Baths Total 14.00 Cooling Air Conditioning Equipment Gas Or Electric Dryer HookupDishwasherGarbage DisposalMicrowave Heating Other Laundry In Unit

    Property Features

    Assessed Total Value 1976760 Gross Income 140420 Gross Operating Income 140420 Like Units1 4 Like Units2 6 Like Units3 2 Net Operating Income 55283.00 Number Of Buildings 1 Number Of Units 12 Rent Control YN Yes Sale Type Standard Security Features Gated Source Living Area Vendor Enhanced Source Lot Size Area Assessor Source Lot Size Dimensions Vendor Enhanced Total Annual Expense 85137 Type Of Units Standard Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning Lar3

    Listing provided courtesy of John Wright DRE# of Matthews Real Estate Investment Services.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-09-25T19:42:39.35. 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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