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Listed by Vic Deirmendjian, DRE #00599219 • Vic J. Diermendjian
$ 3,290,000
Est. payment /mo
New
1007 N Normandie Los Angeles, CA 90029
8,574 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSR26185581
Style Mediterranean
Year Built 1921
Lot Size 8,574 Sqft
Source California Regional MLS
Property Description
First time on market in 50 years. A Fourplex plus duplex - Six units - Four units 2 bed 1 bath and Two units 1 bed 1 barh - each with its own laundry and ample closets for storage A unique multifamily located in East Hollywood, Freeway close and convenient to entertainment, KTTV Studios, Paramount Studios, Netflix, Kodak Theater, Greek Theater, Griffith Park, minutes from Downtown Los Angeles. Pride of ownership with three 2024-2026 upgraded units in upscale architectural and design features and amenities. No expense was spared in upgrading the three units to Architectural Digest standards. New plumbing, new electrical in two units and partial new electrical in one unit, new flooring, new kitchen and bath fixtures. Owner user for one unit and long term hold with income from rentals with potential for a future redevelopment for multifamily project (to be verified with City of Los Angeles). Five units will be delivered vacant. Buyer will be able to rent the vacant units at market or start plans for a redevlopment without the extreme cost of relocating tenants. All income and expenses are estimated and proforma based on the renovated upgraded units and market rents for such units. Building will be delivered with five vacant units. Buyer to perform its own due diligence.
Location
State CA
County Los Angeles
Area C20 - Hollywood
Interior
Cooling Window / Wall Unit
Laundry 30, Other
Exterior
Garage Spaces 4.0
Pool None
Building
Lot Description Grade - Level
Architectural Style Mediterranean
Others
Tax ID 5537018013
Special Listing Condition Not Applicable
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