$1,449,500 1321 N Normandie Avenue Los Angeles, CA

MLS: 20657714   Type: Income   County: Los Angeles   City: Los Angeles   Area: Hollywood   Zip: 90027     Stories: 2

Mortgage $6,805 /mo



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We are pleased to present 1321-1325 N Normandie Ave - a (6) unit multifamily development opportunity situated in East Hollywood. The proposed project consists of two separate APN's (1325 N Normandie is available for sale next door) and will be sold with RTI plans in place, making it the perfect opportunity for a potential investor to begin construction immediately. Each of the properties consists of a vacant 3 Bedroom / 1 Bath Single Family Residence in the front and a detached Duplex in the rear with (2) 1 Bedroom / 1 Bath units. The proposed RTI plans, which consist of 7,612 SF of living area on a combined 10,816 lot, modify the current property and feature a phenomenal unit mix of: (1) 3 Bedroom / 2.5 Bath unit, (2) 3 Bedroom / 3 Bath units and (3) 4 Bedroom / 3 Bath units. The modification of the current structures with the RTI plans that are in place allow an investor to avoid demolition costs and ground up construction, resulting in significant time and financial savings!

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Price History

11/10/2020 Listed $1,449,500

Co-Listing Agent Last Name Derrick
Co-Listing Agent Last Name Vartanian
Co-Listing Agent State License # 01816119
Co-listing Agent Derrick Vartanian - BRE#01816119
Cooling None
Directions The property is located on N Normandie Ave, just north of Fountain Ave, south of Sunset Blvd
Heating None
Listagentaor Southwest Los Angeles
Listing Agent Adrian Stepien - BRE#01979555
Listing Agent State License 01979555
MLS Area C20 - Hollywood
Parking Features Driveway, Garage - Two Door
Price Per Square Foot 367.15
Senior Community Y/N No
Source System CRMLS
Special Listing Conditions Standard
Total Units 3
Zoning LARD1.5

Interior Features

Air Conditioning Y/N No
Heating Y/N No
Total Stories 2

Exterior Features

Building Area Total 3948.00
Lot Dimensions 45x127
Lot Size Acres 0.1300
Lot Size Area 5747.0000
Lot Size Square Feet 5747.00
Lot Size Units Square Feet
Number of Buildings 2
Parking Y/N Yes

Property Schools

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Property vs Zip Code Avg (90027)

Price 1.44M Avg 2.59M

Sqr Feet 3,948 Avg 3,161

Cost / Sqr Ft $367 Avg $821

Acres 0.13 Avg 0.28

Visits 39 Avg 28

Days on Site 78 Avg 86

Walkscore® 91 Avg 81

Data Provided by Walkscore ® not using MLS data

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Listing Provided Courtesy Of: Adrian Stepien with Keller Williams Silicon Beach.

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Location & Address

Jackson Mosley - DRE#01128579
Corporate Office Location: 2603 Camino Ramon Suite 200
San Ramon, CA