Property Description

I am pleased to present the opportunity to acquire 941North Normandie Avenue, a seven-unit luxury apartment building located in East Hollywood. Constructed in 1986, the property is not subject to the more restrictive Los Angeles rent control and allowsfor higher annual rent increases. Current ownership has extensively renovated all units at the property with high end finishes including large open concept kitchen/living area, stainless steel appliances, in-unit washer/dryer, central AC/heat with Nest controls, Ring doorbell along with new flooring, fixtures and tankless water heaters. Additionally, the common area has been improved with new exterior paint, new secured parking and new landscaping upgrades.941 North Normandie Avenue provides investors a rare buying opportunity to acquire a fully renovated apartment community that also offersa value-add component. The property is well suited to provide a healthy income stream and solid market appreciation as the area continues its upward trajectory.

Additional Information
Marcus & Millichap
: Standard

Multi-Family For Sale

941 Normandie Avenue, Los Angeles, California 90029

5,086 Sqft
Listing ID #21758614
Basic Details
Status : Active
DaysOnMarket : 8
Property Type : Multi-Family
Listing Type : For Sale
Listing ID : 21758614
Price : $2,950,000
Living Area : 5,086 Sqft
Lot Size : 8,400 Sqft
Year Built : 1986
Price Per Square Foot : $580
ModificationTimestamp : 2021-07-16 16:44:12
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