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    1120 S Normandie Ave

    Los Angeles, CA 90006
    • $1,575,000
    • STATUS: Active
    • ON SITE: 17 days
    • ID#: 20-625806
    UPDATED: 36 min ago
    $1,575,000
    • 8
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,320
      SQFT
    • $365
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1927
    County:
    Area:

    School Ratings & Info

    Description

    1120 S Normandie Ave. is a charming 4,320 square foot Spanish style 8 unit apartment building composed of all 1+1 units. Each unit is separately metered for gas and electricity with separate hot water heaters and each unit averages 540 sq. ft. Four units have two entrances and small areas for a dog run or gardening. Located in a Qualified Opportunity Zone, on a 5,907 SF lot and zoned LAR4. The subject property is located in the up and coming Harvard Heights area of Los Angeles on Normandie Ave. and north of Pico Ave. and is within a quarter of a mile of approximately 100 new apartment units being currently built. It has easy access to major employment and entertainment hubs of Downtown LA & Hollywood making it highly sought after by the young professional tenant. The subject property is also ideally located near the 10 freeway and approximately half mile away from the Metro Red Line Wilshire/Normandie station. It is deemed a "walkers paradise" w/ a 93 walk score.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-18T19:42:47.193. 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.randyplaice.com/homes/109526835
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    1120 S Normandie Ave Los Angeles, CA 90006

    • Price: $1,575,000
    • Status: Active
    • Updated: 36 min ago
    • ID#: 20-625806
    8
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    4,320
    SQFT
    $365
    $/SQFT
    1927
    Built
    Neighborhood:
    Mid-Wilshire
    County:
    Los Angeles
    Area:
    Mid-Wilshire
    Property Description
    1120 S Normandie Ave. is a charming 4,320 square foot Spanish style 8 unit apartment building composed of all 1+1 units. Each unit is separately metered for gas and electricity with separate hot water heaters and each unit averages 540 sq. ft. Four units have two entrances and small areas for a dog run or gardening. Located in a Qualified Opportunity Zone, on a 5,907 SF lot and zoned LAR4. The subject property is located in the up and coming Harvard Heights area of Los Angeles on Normandie Ave. and north of Pico Ave. and is within a quarter of a mile of approximately 100 new apartment units being currently built. It has easy access to major employment and entertainment hubs of Downtown LA & Hollywood making it highly sought after by the young professional tenant. The subject property is also ideally located near the 10 freeway and approximately half mile away from the Metro Red Line Wilshire/Normandie station. It is deemed a "walkers paradise" w/ a 93 walk score.
    Exterior Features

    Direction Faces West Lot Location City Lot Size Area 5907 Other Structures None Parking Garage None Pool Description None Pool YN No Style Spanish Total Parking 0 View Description City View YN Yes

    Interior Features

    Baths Total 8.00 Common Walls Attached Cooling None Equipment None Heating Wall Laundry None

    Property Features

    ADACompliance No Alley YN No Assessed Total Value 1113220 Disability Access None Gross Income 100700 Gross Operating Income 100740 Like Units1 8 Net Operating Income 67263.00 Number Of Buildings 3 Number Of Units 8 Owner Pays Water Rent Control YN Yes Sale Type Standard Security Features None Source Living Area Title Company Source Lot Size Area Vendor Enhanced Tenant Pays ElectricityGasTrash Collection Total Annual Expense 33477 Type Of Units 1+1 Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning Lar4

    Listing provided courtesy of Nicole Apostolos DRE#01464936 of Keller Williams Realty Encino-Sherman Oa.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-18T19:42:47.193. 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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    Valencia CA, 91355