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525 N Normandie Avenue

Los Angeles (City), CA 90004
  • $5,200,000
  • STATUS: Active Under Contract
  • ON SITE: 81 Days
  • ID#: 22144747
Under Contract
UPDATED: 55 min ago
$5,200,000
  • 0
    BEDS
  • 0.19
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
2022
County:

School Ratings & Info

Listing Agent(s): Yohann Bensimon of Keller Williams Hollywood Hills (310-623-1300)


Description

We are pleased to present The Normandie 6, a newly built 6-unit townhouse complex in prime East Hollywood, sitting atop Normandie Hill with 360 degree city views from it's private balconies& rooftop balconies and walking distance from beloved, local hotspots in the active neighborhood. This high demand rental will provide proud investors with a 4.57% Cap Rate, with easy maintenance and little management needed. The Normandie 6 features (6) 3 Bed/3 Bath units with high ceilings, large balconies, in-unit washer & dryer, stainless steel appliances, private rooftop decks, private parking, and manicured landscaping. In addition to the impressive return, investors will enjoy extreme desirability among renters for years to come. These luxury units define upscale urban living in a neighborhood that is experiencing tremendous growth and steady gentrification. Please call LA1 for showings, do not disturb tenants. Disclaimer: Total SF includes garages and roof decks as described on plans. All information has been secured from sources we believe to be reliable. However, we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information above and bears all risk for any inaccuracies. PLEASE NOTE THE FOLLOWING: 1) Submit offer on a CAR Residential Income Purchase Agreement. 2) Submit proof of funds with offer. 3) Seller selects all services. 4) Do not disturb tenants.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-07-02T12:33:34.49. 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 or Zen Ziejewski and Team | Keller Williams Realty. Licensed in the State of California, USA.
www.homefinderorangecounty.com/homes/127590953
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525 N Normandie Avenue Los Angeles (City), CA 90004

  • Price: $5,200,000
  • Status: Active Under Contract
  • On Site: 81 Days
  • Updated: 55 min ago
  • ID#: 22144747
0
Beds
0
Baths
0
½ Baths
0.19
Acres
2022
Built
Neighborhood:
C17 - Mid-Wilshire
County:
Los Angeles
Area:
C17 - Mid-Wilshire
Property Description
We are pleased to present The Normandie 6, a newly built 6-unit townhouse complex in prime East Hollywood, sitting atop Normandie Hill with 360 degree city views from it's private balconies& rooftop balconies and walking distance from beloved, local hotspots in the active neighborhood. This high demand rental will provide proud investors with a 4.57% Cap Rate, with easy maintenance and little management needed. The Normandie 6 features (6) 3 Bed/3 Bath units with high ceilings, large balconies, in-unit washer & dryer, stainless steel appliances, private rooftop decks, private parking, and manicured landscaping. In addition to the impressive return, investors will enjoy extreme desirability among renters for years to come. These luxury units define upscale urban living in a neighborhood that is experiencing tremendous growth and steady gentrification. Please call LA1 for showings, do not disturb tenants. Disclaimer: Total SF includes garages and roof decks as described on plans. All information has been secured from sources we believe to be reliable. However, we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information above and bears all risk for any inaccuracies. PLEASE NOTE THE FOLLOWING: 1) Submit offer on a CAR Residential Income Purchase Agreement. 2) Submit proof of funds with offer. 3) Seller selects all services. 4) Do not disturb tenants.
Exterior Features

Architectural Style Modern Number Of Separate Electric Meters 6 Parking Features Door-MultiGarage Parking Total 12 View City LightsPanoramic View YN Yes

Interior Features

Appliances DishwasherGas CooktopDisposalMicrowaveRefrigeratorDryerWasher Flooring Laminate Heating Wall Furnace Heating YN Yes Window Features Double Pane Windows

Property Features

Association Fee 0 Community Features Gated Garage YN Yes Gross Income 321600 Listing Agreement Seller Reserved Listing Service Full Service Net Operating Income 237552 New Construction YN Yes Number Of Separate Gas Meters 6 Number Of Units Leased 5 Security Features Security GateGated CommunitySmoke Detector(S) Senior Community YN No Sewer Other Special Listing Conditions Standard Tenant Pays ElectricityGasTrash CollectionWater Vacancy Allowance Rate 1 Zoning Lar3



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-07-02T12:33:34.49. 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 or Zen Ziejewski and Team | Keller Williams Realty. Licensed in the State of California, USA.
 
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Zen Ziejewski and Team | Keller Williams Realty
27101 Puerta Real #150
Mission Viejo CA, 92691
Listing Agent(s): Yohann Bensimon of Keller Williams Hollywood Hills (310-623-1300)