259 S Normandie Avenue

    Los Angeles (City), CA 90004
    • $1,900,000
    • STATUS: Closed
    • ON SITE: 243 days
    • ID#: 17282306
    Sold - 05/11/2018
    $1,900,000
    SOLD - 05/11/2018
    • 0
      BEDS
    • 0.18
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,638
      SQFT
    • $249
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1958
    County:

    School Ratings & Info

    Description

    As part of the Mid-Wilshire/Century 4 Portfolio,we are proud to present 259 S Normandie Ave, a 1958 built Mid-Century 2-story 12-unit wood-frame stucco building. This Mid-Century exterior features period accent brick lining the front fa++G+G+-ade. The building is separately metered for gas and electric, contains a master boiler, and has on-site laundry machines. The unit mix consists of 4 singles, 6 (1+1) and 2 (2+2) apartments. This is an excellent value-add investment opportunity for investors looking to purchase a property with considerable rental upside potential located in a booming/high-demand rental market. This asset can be purchased individually or in groups/bulk with the other 3 buildings in the Mid-Wilshire/Century 4 Portfolio.

    Sold by Matthew R. Kanner of Keller Williams Realty Los Fel.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-06-24T00:28:18.443. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
    www.kristirobertsgroup.com/homes/78024068

    259 S Normandie Avenue Los Angeles (City), CA 90004

    • Price: $2,100,000
    • Status: Closed
    • Updated: 167 min ago
    • ID#: 17282306
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.18
    Acres
    7,638
    SQFT
    $249
    $/SQFT
    1958
    Built
    Neighborhood:
    C17 - Mid-Wilshire
    County:
    Los Angeles
    Area:
    C17 - Mid-Wilshire
    Property Description
    As part of the Mid-Wilshire/Century 4 Portfolio,we are proud to present 259 S Normandie Ave, a 1958 built Mid-Century 2-story 12-unit wood-frame stucco building. This Mid-Century exterior features period accent brick lining the front fa++G+G+-ade. The building is separately metered for gas and electric, contains a master boiler, and has on-site laundry machines. The unit mix consists of 4 singles, 6 (1+1) and 2 (2+2) apartments. This is an excellent value-add investment opportunity for investors looking to purchase a property with considerable rental upside potential located in a booming/high-demand rental market. This asset can be purchased individually or in groups/bulk with the other 3 buildings in the Mid-Wilshire/Century 4 Portfolio.
    Exterior Features

    Direction Faces East Lot Size Source Assessor Lot Size Units Square Feet Parking Features Carport AttachedAssigned Parking YN Yes

    Interior Features

    Appliances RefrigeratorWater Heater Central Appliances YN Yes Cooling Wall Window Cooling YN Yes

    Property Features

    Gross Multiplier 14.66 Gross Operating Income 139047.00 Improvements Amount 507625 Land Value 1116775 Net Operating Income 75173.00 Special Listing Conditions Standard Tenant Pays ElectricityGas Total Expenses 63873.00 Zoning Lar3

    Listing provided courtesy of Matthew R. Kanner of Keller Williams Realty Los Fel.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-06-24T00:28:18.443. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
     
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