941 North Normandie Avenue
941 North Normandie Avenue
$2,920,000
12
7
5,086
5,086
$574
Sold 10/29/21
Description
I am pleased to present the opportunity to acquire 941North Normandie Avenue, a seven-unit luxury apartment building located in East Hollywood. Constructed in 1986, the property is not subject to the more restrictive Los Angeles rent control and allowsfor higher annual rent increases. Current ownership has extensively renovated all units at the property with high end finishes including large open concept kitchen/living area, stainless steel appliances, in-unit washer/dryer, central AC/heat with Nest...I am pleased to present the opportunity to acquire 941North Normandie Avenue, a seven-unit luxury apartment building located in East Hollywood. Constructed in 1986, the property is not subject to the more restrictive Los Angeles rent control and allowsfor higher annual rent increases. Current ownership has extensively renovated all units at the property with high end finishes including large open concept kitchen/living area, stainless steel appliances, in-unit washer/dryer, central AC/heat with Nest controls, Ring doorbell along with new flooring, fixtures and tankless water heaters. Additionally, the common area has been improved with new exterior paint, new secured parking and new landscaping upgrades.941 North Normandie Avenue provides investors a rare buying opportunity to acquire a fully renovated apartment community that also offersa value-add component. The property is well suited to provide a healthy income stream and solid market appreciation as the area continues its upward trajectory.
- Listed by Sean Rosenzweig • DRE #01406343 • Brokerage DRE #01240999 • Marcus & Millichap
Property Details for 941 North Normandie Avenue
Zoning
LAR3
Parcel Number5537025038
Total Units7.0
Living Area5086
Source Living AreaAssessor
AreaHollywood (C20)
Vacancy Rate1 Unit
Lot Size Area8400
Location
LISTING UPDATED: 11/02/2021 12:04 PM
Property Details for 941 North Normandie Avenue
Status | Sold |
---|---|
MLS # | 21-758614 |
Days on Market | 71 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1986 |
Lot Size | 0.19 AC / 8,400 SF |
County | Los Angeles County |
Location
Building Information for 941 North Normandie Avenue
Stories2Residences-Year Built1986Building Size-Lot Size0.19 AC / 8,400 SF
Payment Calculator
$19,023 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 941 North Normandie Avenue
Property History for 941 North Normandie Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 941 North Normandie Avenue
Taxable ValueLand$1,938,000Additions$1,063,000Total$3,001,000
Tax Record2023$37,046 ($3,087 / month)
Home Facts
Total Finished SqFt5,086 SqFtAbove Grade Finished SqFt5,086 SqFtLot Size8,401 SqFtStyleMulti-Family Res (5+ Units)Year Built1986ZoningLAR3CountyLOS ANGELESAPN5537-025-038
Schools near 941 North Normandie Avenue
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 6 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Ramona Elementary School PublicK to 6 | ||
Joseph Le Conte Middle School Public6 to 8 | ||
Helen Bernstein High School Public9 to 12 | ||
STEM Academy at Bernstein High 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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