2701 S Normandie Street

    Los Angeles (City), CA 90007
    • $1,099,000 - $1,149,000
    • STATUS: Active
    • ON SITE: 59 days
    • ID#: TR18094998
    UPDATED: 39 min ago
    $1,099,000 - $1,149,000
    • 0
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,561
      SQFT
    • $323
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1924
    County:

    School Ratings & Info

    Description

    2 duplex on a lot! Rare find 10 bedroom counts for a 4 units in this neighborhood. Centrally located in a very desirable area in LA +GG HPOZ area, close to USC, USC New Village, downtown LA, and Mid City. 2 seperete buildings. 2701 S Normandie Ave is a duplex with 3 bedroom/1 bath each. 1714 W 27th Street is a duplex with 2 bedroom/1 bath each. This property is updated and very well-maintained, with low operating cost. A total of 10 bedroom counts, which is hard to find for 4 units. All 4 units are separated metered in gas and electrical meter and with individual water heaters. Public record shows the property as 3 unit, the property is legal 4 units with permits. The building was updated with electrical, sewer, and copper plumbing. Newer roof. New interior and exterior paint. Each units has security door, lots of storage room. New Quartz countertops in kitchen. Ceiling fans in every bedrooms. Located at a corner lot with 6 onsite parking and plenty of street parking. A very desirable asset in the supply-constrained USC market. A true value add deal for investors looking for an income generating property with great upside in rent. DRIVE BY ONLY. Please do not disturb occupants.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-06-24T21:26:12.023. 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.playavistaliving.com/homes/82921713

    2701 S Normandie Street Los Angeles (City), CA 90007

    • Price: $1,099,000 - $1,149,000
    • Status: Active
    • Updated: 39 min ago
    • ID#: TR18094998
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    3,561
    SQFT
    $323
    $/SQFT
    1924
    Built
    Neighborhood:
    C16 - Mid Los Angeles
    County:
    Los Angeles
    Area:
    C16 - Mid Los Angeles
    Property Description
    2 duplex on a lot! Rare find 10 bedroom counts for a 4 units in this neighborhood. Centrally located in a very desirable area in LA +GG HPOZ area, close to USC, USC New Village, downtown LA, and Mid City. 2 seperete buildings. 2701 S Normandie Ave is a duplex with 3 bedroom/1 bath each. 1714 W 27th Street is a duplex with 2 bedroom/1 bath each. This property is updated and very well-maintained, with low operating cost. A total of 10 bedroom counts, which is hard to find for 4 units. All 4 units are separated metered in gas and electrical meter and with individual water heaters. Public record shows the property as 3 unit, the property is legal 4 units with permits. The building was updated with electrical, sewer, and copper plumbing. Newer roof. New interior and exterior paint. Each units has security door, lots of storage room. New Quartz countertops in kitchen. Ceiling fans in every bedrooms. Located at a corner lot with 6 onsite parking and plenty of street parking. A very desirable asset in the supply-constrained USC market. A true value add deal for investors looking for an income generating property with great upside in rent. DRIVE BY ONLY. Please do not disturb occupants.
    Exterior Features

    Architectural Style Craftsman Direction Faces North Fence YN Yes Fencing BlockWrought Iron Foundation Details Raised Garage Spaces 0.00 Lot Features 2-5 Units/AcreCorner Lot Lot Size Source Assessor Lot Size Units Square Feet Parking Features Parking SpacePrivate Parking Total 6.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN No Roof Shingle

    Interior Features

    Appliances Gas StoveGas Water HeaterMicrowave Appliances YN Yes 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 Cooling See Remarks Cooling YN Yes Flooring LaminateTile Heating Central FurnaceForced Air Heating YN Yes Interior Features Ceiling FanGranite Counters Laundry Features Individual RoomSee Remarks Levels Two Window Features Double Pane Windows

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 3.86 Community Features Urban Country Us Elevation Units Feet Fuel Expense 0.00 Gross Income 65301.00 Gross Multiplier 18.30 Gross Scheduled Income 65301.00 Insurance Expense 710.00 Land Lease YN No Laundry YN Yes Maintenance Expense 2000.00 Net Operating Income 46272.00 New Taxes Expense 14279.00 Number Of Separate Electric Meters 4 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Operating Expense 19029.00 Professional Management Expense 0.00 Property Condition Updated/Remodeled Property Sub Type Quadruplex Rent Control YN Yes Security Features Carbon Monoxide Detector(S)Smoke DetectorWindow Bars Senior Community YN No Special Listing Conditions Standard Tenant Pays Cable TvElectricityGas Total Actual Rent 5441.77 Total Expenses 19029.00 Trash Expense 840.00 Utilities Sewer Connected Water Sewer Expense 1200.00 Water Source Public Year Built Source Assessor Zoning Lar1.5

    Listing provided courtesy of Yuhong Li of Homeridge Properties.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-06-24T21:26:12.023. 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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