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$2,999,000

Beds
Unknown
sq ft
5,724

601 N Normandie Ave, Los Angeles, CA 90004

601 N Normandie Ave

Los Angeles, CA 90004

  • 158 days on market
We are pleased to present for sale this Fully Remodeled, mid-rise, true pride of ownership 9-unit multi-family apartment complex located in the East Hollywood area at 601 North Normandie Avenue. ALL 9 UNITS WILL BE DELIVERED VACANT AT COE! All New Plumbing, All New Electrical, New Fire Sprinkler System, New Roofing, All New Dual Pane Windows, New Central A/C & Heating units, All New Energy Saving LED recessed lights, New smooth stucco, New doors, New Iron handrails, New Kitchen. Built in 1990, this property is a truly unique investment opportunity that is not subject to Los Angeles City Rent Stabilization Ordinance rent control. Amenities include central heating and air, granite counter tops, vinyl floors, controlled access, gated, tankless water heaters, separately metered for gas and electric, stainless steel appliances, sprinkler system, secured parking for approximately 12 spaces, laundry facilities on premises. The subject property sits on a lot size of approximately 7,353 square feet and the building square feet is approximately 5,724 square feet. Unit mix consists of nine (9) one bedroom, one bath apartments, currently used as Short Term Rentals. Call Listing Agents for details and showings. Smack middle Hollywood and Downtown LA. Few blocks away from Mid-Wilshire, close to 101 Freeway. Do not disturb tenants! ALL 9 UNITS WILL BE DELIVERED VACANT AT COE! Do not miss this opportunity. This won't last long!

Details

Property type

Mixed Use

Est. home value

$3,052,046

Lot size

7,355 sq ft

Price per sq ft

$524

Year built

1990

Price History

04/16/2024
CRMLS

CRMLS #SR24074723

Listed
$2,999,000
+32.11%
03/19/2019
CLAW

CLAW #18391990

Sold
$2,270,000

Schools & Community

Neighborhood: 

Hollywood

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Curbs, Sidewalks

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

City National Bank

Loan start date

November 2019

Original loan amount

$2,000,000

Est. remaining balance

Not provided

Interest rate

3.56%

Loan type

Commercial

Seller

Gagoli Lp

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 09/21/2024 at 4:05 AM

Listing updated: 08/13/2024 at 12:47 PM

Listed by: Salar Farshchi Tabrizi, Equity Union Phone #: (818) 989-2000

MLS: CRMLS #SR24074723

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