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315 N Normandie Ave
Los Angeles, CA 90004
3 Unit Income Property · Multifamily Property For Sale
·
3 Units
INVESTMENT HIGHLIGHTS
- NO RENT CONTROL
- 100% OCCUPANCY
- 2 PARKING SPACES FOR EACH UNIT
- 2023 BUILT
- FENCE YARD
- WASHER AND DRYER FOR EACH UNIT
EXECUTIVE SUMMARY
PRIME LOCATION charming 3-unit 2023 NEWLY built 3-story income property EXTRORDINARY opportunity for investors. Very very unique features with MODERN design and TWO ASSIGNED PARKING spaces for each unit. NO RENT CONTROL. NO HOA.Low holding cost with potential space for cap rate. The triplex comes with Living sf 3,908 sf, lot size 4,500 sf, 13 bedrooms, 12 baths, 6 parking spaces, and FENCE YARD. UNIQUE floor plan with TEN SUITES which are 2 units with 5 bedrooms 5 bathrooms that you cannot find any more! The first unit located on 1st floor with 3 bedrooms 2 bathrooms, and 2 front parking spaces. At the back there are 4 parking spaces for the rest two upstairs units. The second unit located on 2nd and 3rd floors at the front of the property with FIVE SUITES. The last unit is also located on 2nd and 3rd floors but at the back of the property with ANOTHER FIVE SUITES. Each unit has 2 assigned parking spaces, trash account, SEPARATED electricity meter,gas meter, as well as WASHER and DRYER.The downstairs unit has its own water meter, and the rest 2 units share with main water meter. Lots of natural lights in the open floor plan. Expansive windows with panoramic views of plam trees, the Hollywood sign, and LA downtown skyline. Kitchen central island. New kitchen appliances. Contemporary bathroom light upgrades. Located in the heart of the East Hollywood, Los Angeles, which is around Koreatown. Closed to retail plazas with lots of restaurants, shops, various transportation, entertainments, and highway access. Buyer to perform buyer’s own due diligence to verify all permits, SQFT, bedroom/bathroom count, school, and accuracy of all property related info.
PROPERTY FACTS
| Price Per Unit | $783,000 | Lot Size | 0.10 AC |
| Sale Type | Investment | Building Size | 3,908 SF |
| No. Units | 3 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 2023 |
| Apartment Style | Low-Rise | Parking Ratio | 1.54/1,000 SF |
| Building Class | B | ||
| Zoning | LAR3 | ||
| Price Per Unit | $783,000 |
| Sale Type | Investment |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.10 AC |
| Building Size | 3,908 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 2023 |
| Parking Ratio | 1.54/1,000 SF |
| Zoning | LAR3 |
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