601 North Normandie Avenue

Los Angeles, CA 90004

$2,999,000
Price
1
Beds
9
Baths
5,724 Sq. Ft.
$524 / Sq. Ft.
5,724
Sq. Ft.
$524
per Sq. Ft.

Description

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...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!
  1. Listed by Salar Farshchi Tabrizi • DRE #02095885 • Brokerage DRE #01811831 • Equity Union • 919-702-6650

Property Details for 601 North Normandie Avenue

Parking Spaces Total
12
Private Pool
No
Cooling Type
Central
Total Units
9.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
5724
Assessor Parcel Number
5520-002-046

Location

Listing Courtesy of Equity Union, Salar Farshchi Tabrizi, DRE #02095885
Add your commute
LISTING UPDATED: 04/22/2024 08:57 AM

Property Details for 601 North Normandie Avenue

StatusActive
MLS #SR24074723
Days on Market16
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeResidential Income
Year Built1990
Lot Size0.17 AC / 7,355 SF
CountyLos Angeles County

Location

Listing Courtesy of Equity Union, Salar Farshchi Tabrizi, DRE #02095885
Add your commute

Building Information for 601 North Normandie Avenue

Stories3Residences-Year Built1990Building Size-Lot Size0.17 AC / 7,355 SF

Payment Calculator

$18,897 per month

30 year fixed, 7.25% Interest

Principal and Interest

$16,367

Property Taxes

$2,530

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 601 North Normandie Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $247,968
  • Gross Scheduled Income: $270,000
  • Vacancy Allowance Rate: 5
  • Gross Operating Income: $247,968
  • Net Operating Income: $177,064
  • Gross Multiplier: 11.1
Expense Details
  • Operating Expense: $0
  • Fuel Expense: $0
  • Insurance Expense: $0
  • Professional Management Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $70,904
Tax / Assessment Info
  • Tax Tract Number: 192...
  • Tax Census Tract: 1925.20
  • Tax Lot: 103
Community / Development
Community / Development
  • Accessibility Features: Parking
  • Disability Access: Other Main Level Modifications
  • Community Features: Curbs, Gutters, Sidewalks
Property / Structure Info
Interior Features
  • Appliances: Gas Oven, Microwave
  • Equipment: Laundry Area, Microwave
  • Interior Features: Granite Counters
  • Laundry: Yes
  • Laundry Features: Common Area
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: Central Air
  • Heating Type: Central
  • Heating: Central
Exterior Features
  • Entry Location: Street
  • Pool Features: None
  • Pool Description: None
Land/Lot Info
  • Lot Features: 6-10 Units/Acre
  • Number Of Units: 9
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Three Or More
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Natural Gas Available, Natural Gas Connected, Sewer Connected, Sewer Not Available, Water Available, Water Connected
  • Electric: Natural Gas Available, Natural Gas Connected, Sewer Connected, Sewer Not Available, Water Available, Water Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Uncovered Spaces: 3
  • Open Other Spaces Total: 3
  • Parking Garage Spaces: 0
  • Carport Spaces: 9
Unit Information
Unit 1
  • Unit Type Units Total: 9
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Furnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $2,500
  • Unit Type Pro Forma: 2350
  • Unit Type Type: 1
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 10
  • Number Of Separate Water Meters: 1

Property History for 601 North Normandie Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 601 North Normandie Avenue

Taxable ValueLand$1,703,728Additions$730,169Total$2,433,897
Tax Record2023$30,360 ($2,530 / month)
Home Facts
Total Finished SqFt5,724 SqFtAbove Grade Finished SqFt5,724 SqFtLot Size7,353 SqFtStyleMulti-Family Res (5+ Units)Year Built1990ZoningLAR3CountyLOS ANGELESAPN5520-002-046

Schools near 601 North Normandie Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Alexandria Avenue Elementary School
PublicK to 5

Virgil Middle School
Public6 to 8

Academic Leadership Community School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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601 North Normandie Avenue is a mixed use property for sale in Los Angeles, CA 90004. This property was listed for sale on April 12, 2024 by Equity Union, it's currently listed at $2,999,000. It has been on the market for a total of 16 days and was last sold on March 7, 2019. This listing's school district is Los Angeles Unified School District. Nearby schools include Alexandria Avenue Elementary School, Virgil Middle School and Contreras Learning Center-School Of Social Justice. 601 North Normandie Avenue is a 1-bed, 9-bath, 5,724 sqft mixed use property built in 1990.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Equity Union, Salar Farshchi Tabrizi, DRE #02095885

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.