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7919 S Normandie Avenue

Los Angeles (City), CA 90044
  • $1,080,000
  • STATUS: Active
  • ON SITE: 33 Days
  • ID#: RS22072148
Price Reduced
UPDATED: 41 min ago
$1,080,000
  • 0
    BEDS
  • 0.11
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1929
County:

School Ratings & Info

Listing Agent(s): Ran Kim of Vr Business Brokers (562-402-2686)


Description

Well maintained, low maintenance great investment opportunity. Fourplex with large units. (2) 1 Bd+1Ba and (2) 2 Bd+1Ba units. One 2 Bd+1Ba unit was completely renovated in January 2022; new stove, new laminate flooring, new kitchen sink, cabinets & counters, new bath/shower, vanity, toilet, new paint, new blinds, etc. and will be delivered vacant. Two garages now used for storage may potentially be rented or converted to an Auxiliary Dwelling Unit (ADU). Buyer to check with City of Los Angeles for conversion requirements. Other units have been upgraded with wood flooring, blinds, etc. Separately metered for gas and electricity. Rent Control. Upside in rents. No on-site laundry. Plenty of street parking. Easy to rent. Near local transportation, USC, Hollywood Park, SoFi Stadium and LAX.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-20T00:31:21.923. 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 The Houston Team | Compass CA DRE#01991628. Licensed in the State of California, USA.
www.northsdrealty.com/homes/127776981
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7919 S Normandie Avenue Los Angeles (City), CA 90044

  • Price: $1,080,000
  • Status: Active
  • On Site: 33 Days
  • Updated: 41 min ago
  • ID#: RS22072148
0
Beds
0
Baths
0
½ Baths
0.11
Acres
1929
Built
Neighborhood:
C36 - Metropolitan Southwest
County:
Los Angeles
Area:
C36 - Metropolitan Southwest
Property Description
Well maintained, low maintenance great investment opportunity. Fourplex with large units. (2) 1 Bd+1Ba and (2) 2 Bd+1Ba units. One 2 Bd+1Ba unit was completely renovated in January 2022; new stove, new laminate flooring, new kitchen sink, cabinets & counters, new bath/shower, vanity, toilet, new paint, new blinds, etc. and will be delivered vacant. Two garages now used for storage may potentially be rented or converted to an Auxiliary Dwelling Unit (ADU). Buyer to check with City of Los Angeles for conversion requirements. Other units have been upgraded with wood flooring, blinds, etc. Separately metered for gas and electricity. Rent Control. Upside in rents. No on-site laundry. Plenty of street parking. Easy to rent. Near local transportation, USC, Hollywood Park, SoFi Stadium and LAX.
Exterior Features

Lot Features 0-1 Unit/Acre Number Of Separate Electric Meters 4 Parking Total 2 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Appliances Gas RangeWater Heater Common Walls 2+ Common Walls Flooring CarpetLaminate

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Cap Rate 6.7 Common Interest None Community Features Street LightsSidewalks Contingency Subject To Seller Effecting A 1031 Exchange. Disclosures Easement(S) Electric Expense 306 Garage YN Yes Gross Income 61135 Gross Scheduled Income 94800 Insurance Expense 2500 Land Lease YN No Laundry Features None Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New Loan1031 Exchange Net Operating Income 73293 New Construction YN No New Taxes Expense 13500 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Number Of Units Leased 3 Operating Expense 19611 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGas Total Actual Rent 3702 Trash Expense 1149 Utilities Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected Vacancy Allowance 2 Water Sewer Expense 1741 Water Source Public Zoning Lard3



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-20T00:31:21.923. 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 The Houston Team | Compass CA DRE#01991628. Licensed in the State of California, USA.
 
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The Houston Team | Compass CA DRE#01991628
2100 Costa Del Mar
Carlsbad CA, 92009
Listing Agent(s): Ran Kim of Vr Business Brokers (562-402-2686)