2926 S Normandie Avenue

    Los Angeles (City), CA 90007
    • $1,400,000
    • STATUS: Active
    • ON SITE: 61 days
    • ID#: DW18222225
    UPDATED: 34 min ago
    $1,400,000
    • 0
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,720
      SQFT
    • $376
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1913
    County:

    School Ratings & Info

    Description

    CAP Rate over 5.7%! GRM 13.5! Fully Remodeled. four-unit apartment located at 2926 South Normandie Avenue. Positioned just one mile from the University of Southern California, three miles from the Staples Center, and LA Live, the property is located on South Normandie Avenue between West 29th Street and West 30th Street. The offering represents a unique buying opportunity to acquire an apartment building with a strong value-addpotential, ideal for owners that are looking for significant returns.This two-story apartment consists of four units totaling 3,720 square feet on a 6,560 square foot parcel. Each unit had own Laundry hook up with upgraded thankless water heater, that made this space huge from the original floor plan. The room is divided from the living room with the stylish barn door makes luxurious feeling and efficient. Brand new appliances, It has front and back entrance so you can share rooms without bothering coming in same entrance. not just re-touched but total remodel from the walls to the lines.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-12T18:32:06.423. 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 deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.mainstreetgroup.com/homes/87405340

    2926 S Normandie Avenue Los Angeles (City), CA 90007

    • Price: $1,400,000
    • Status: Active
    • Updated: 34 min ago
    • ID#: DW18222225
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    3,720
    SQFT
    $376
    $/SQFT
    1913
    Built
    Neighborhood:
    C16 - Mid Los Angeles
    County:
    Los Angeles
    Area:
    C16 - Mid Los Angeles
    Property Description
    CAP Rate over 5.7%! GRM 13.5! Fully Remodeled. four-unit apartment located at 2926 South Normandie Avenue. Positioned just one mile from the University of Southern California, three miles from the Staples Center, and LA Live, the property is located on South Normandie Avenue between West 29th Street and West 30th Street. The offering represents a unique buying opportunity to acquire an apartment building with a strong value-addpotential, ideal for owners that are looking for significant returns.This two-story apartment consists of four units totaling 3,720 square feet on a 6,560 square foot parcel. Each unit had own Laundry hook up with upgraded thankless water heater, that made this space huge from the original floor plan. The room is divided from the living room with the stylish barn door makes luxurious feeling and efficient. Brand new appliances, It has front and back entrance so you can share rooms without bothering coming in same entrance. not just re-touched but total remodel from the walls to the lines.
    Exterior Features

    Garage Spaces 4.00 Lot Features Corner Lot Lot Size Source Assessor Lot Size Units Square Feet Parking Total 4.00 Pool Features None Pool Private YN No Property Attached YN No

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Laundry Features Inside

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 5.70 Community Features Sidewalks Country Us Electric Expense 800.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 103200.00 Gross Multiplier 13.50 Gross Scheduled Income 103200.00 Insurance Expense 1200.00 Land Lease YN No Laundry YN Yes Net Operating Income 79200.00 New Construction YN No New Taxes Expense 16000.00 Number Of Separate Electric Meters 4 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Operating Expense 24000.00 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Expenses 25000.00 Trash Expense 1000.00 Water Sewer Expense 5000.00 Water Source Public Year Built Source Assessor Zoning Lar3

    Listing provided courtesy of Wonnie Kim of Kim Real Estate and Mimi Lee of Kim Real Estate.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-12T18:32:06.423. 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 deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
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    8577 Haven Ave, Suite 100
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