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7315 S Normandie Avenue

Los Angeles (City), CA 90044
  • $899,000
  • STATUS: Active
  • ON SITE: 35 Days
  • ID#: SR22152762
Price Reduced
UPDATED: 91 min ago
$899,000
  • 0
    BEDS
  • 0.12
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1940
County:

School Ratings & Info

Listing Agent(s): Danyella Broukhim of Beverly And Company, Inc. (818-382-4160) and Justin Omid Monempour of Justin Monempour(310-765-7447)


Description

Great income property.This Duplex is has two remodeled very spacious Units. Front unit is a 3 Bed plus 2 bath that is currently being rented at $2,500 a month.The back Unit is a 4 Bedroom 3 Bath that is currently being rented for $3,000 a Month.There is a 3 Car garage in the back.The Current Owner has gotten Approved Plan Permit for the garage conversion to ADU.The property is zoned R3, with potential to build another great sized Unit.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-17T16:35:21.77. 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 Villa Real Estate. Licensed in the State of California, USA.
www.thecharlieprice.com/homes/130817946
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7315 S Normandie Avenue Los Angeles (City), CA 90044

  • Price: $899,000
  • Status: Active
  • On Site: 35 Days
  • Updated: 91 min ago
  • ID#: SR22152762
0
Beds
0
Baths
0
½ Baths
0.12
Acres
1940
Built
Neighborhood:
C42 - Downtown L.A.
County:
Los Angeles
Area:
C42 - Downtown L.A.
Property Description
Great income property.This Duplex is has two remodeled very spacious Units. Front unit is a 3 Bed plus 2 bath that is currently being rented at $2,500 a month.The back Unit is a 4 Bedroom 3 Bath that is currently being rented for $3,000 a Month.There is a 3 Car garage in the back.The Current Owner has gotten Approved Plan Permit for the garage conversion to ADU.The property is zoned R3, with potential to build another great sized Unit.
Exterior Features

Architectural Style Custom Carport Spaces 3 Carport YN Yes Construction Materials Drywall Fencing Good Condition Foundation Details Slab Lot Features 2-5 Units/Acre Number Of Separate Electric Meters 2 Parking Features Covered Parking Total 6 Pool Features None Pool Private YN No Property Attached YN No Road Surface Type Alley Paved Spa Features None Spa YN No View None View YN No

Interior Features

Accessibility Features None Appliances Built-In RangeGas OvenDryerWasher Common Walls No Common Walls Cooling Central Air Cooling YN Yes Door Features Double Door EntryInsulated Doors Fireplace Features None Fireplace YN No Flooring StoneVinyl Heating Central Heating YN Yes Interior Features Ceiling Fan(S)Ceramic CountersOpen FloorplanPantryAll Bedrooms Down Window Features Double Pane Windows

Property Features

Additional Parcels YN No Cap Rate 6.9 Common Interest None Community Features CurbsSidewalks Current Financing Conventional Disclosures Principal is Real Estate Licensed Garage YN Yes Gross Income 66000 Gross Scheduled Income 66000 Insurance Expense 1300 Land Lease YN No Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New LoanConventional Net Operating Income 54000 New Construction YN No New Taxes Expense 7500 Number Of Separate Gas Meters 2 Number Of Separate Water Meters 2 Number Of Units Leased 2 Operating Expense 12000 Possession Close Of Escrow Property Condition Updated/Remodeled Rent Control YN Yes Security Features Carbon Monoxide Detector(S)Fire Detection SystemFire Sprinkler SystemSmoke Detector(S)Security Lights Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGas Total Actual Rent 5500 Trash Expense 0 Utilities Electricity AvailableSewer AvailableWater Available Vacancy Allowance 0 Water Source Public Zoning Lar3



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-17T16:35:21.77. 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 Villa Real Estate. Licensed in the State of California, USA.
 
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Villa Real Estate
450 Newport Center Drive, Suite 100
Newport Beach CA, 92660
Listing Agent(s): Danyella Broukhim of Beverly And Company, Inc. (818-382-4160) and Justin Omid Monempour of Justin Monempour(310-765-7447)