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$2,390,000   Price Analysis
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315 N Normandie Ave
Los Angeles, CA 90004
13 bed 12 bath 3,908 SqFt ($611/SqFt)
4,500SqFt lot. Built 2023
Listed 2024-06-25, Taxes $7,727
Ⓧ USDA Ineligible
due to price & location

near Los Angeles

NEWLY LEASED!!!

GREAT CAP RATE!!! Welcome to an exceptional multifamily building situated in the heart of East Hollywood, Los Angeles. This newly constructed property comprises three distinct units, offering a unique blend of open layouts and modern amenities. Two of the units boast an impressive 5-bedroom, 5-bathroom configuration, catering to both first-time homebuyers and astute investors. The third unit features a comfortable 3-bedroom, 2-bathroom layout, providing a versatile living space. Natural light floods the open-concept living and kitchen space, offering panoramic views of palm trees, the iconic Hollywood sign and glimpses of the downtown skyline. The kitchen features a spacious island, perfect for hosting gatherings and adding an inviting tuch to the space. This modern multifamily building is not visual ly appealing but also equipped with top-of-the-line amenities.

Each unit is furnished with brand-new appliances, in-unit laundry for added convenience and contemporary bathroom lighting fixtures. Two assigned parking spots are included with each unit, ensuring hassle-free parking.The property's versatility makes it ideal for various lifestyles whether you're in search of a spacious family home, a comfortable space for co-living with roommates or a lucrative investment opportunity to offset your mortgage by renting to friends and family. Beyond the walls of this splendid property, residents will enjoy a prime location with an outstanding walk score. Countless restaurants and shops are steps away, ensuring effortless daily errands. Additionally, the vibrant nightlife, theaters and entertainment options in the vicinity guarantee there's always something exciting to do.Don't miss out on this extraordinary opportunity. Whether you're looking for your dream residence or a promising investment, this multifamily building in East Hollywood has it all. Contact us today to schedule a viewing and seize this exceptional property in one of Los Angeles' most sought-after neighborhoods.


Presented by Robby Fields at
COMPASS.
Listing Agent Photo

Property MLS #24-408277 from TheMLSCLAW

Bedrooms: 13

Total Bathrooms: 12
Full Bathrooms: 12

Cooling Features: Central
Heating Features: Central

Covered Spaces: 2
Garage Description: Assigned, Driveway
Parking Total: 6

Lot Size Acres: 0.1033058
Lot Size Dimensions: 53x135
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 4500

Association: No
Calculated Total Monthly Association Fees: 0

Number of Buildings: 1
Number of Units: 3
Unit Features: 1 BedsTotal: 5, 1 BathsTotal: 5, 1 SquareFeet: 5000, 2 BedsTotal: 5, 2 BathsTotal: 5, 2 SquareFeet: 5000, 3 BedsTotal: 3, 3 BathsTotal: 2, 3 SquareFeet: 3500

Source Listing Status: Active
County: Los Angeles
Directions: Google maps
Source Property Type: Residential Income
Area: Mid-Wilshire
Source Neighborhood: Mid-Wilshire
Parcel Number: 5520-026-011
Postal Code Plus 4: 4405
Zoning: LAR3
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$127,377 + $509,511
$636,888
$7,727
2021$124,880 + $499,521
$624,401
$7,630
2020$27,007 + $229,626
$256,633
$3,371
2019$26,478 + $225,124
$251,602
$3,245
2018$25,959 + $220,710
$246,669
$3,142
2017$25,450 + $216,383
$241,833
$3,077
2016$24,951 + $212,141
$237,092
$3,001
2015$24,577 + $208,955
$233,532
$2,959
2014$24,096 + $204,862
$228,958
$2,979
2013$23,988 + $203,937
$227,925
$2,974
2012$23,518 + $199,939
$223,457
$3,012
2010$23,057 + $196,019
$219,076
$2,957
2009$22,940 + $195,018
$217,958
$2,847
2009$22,885 + $194,555
$217,440
$2,847
2008$22,491 + $191,195
$213,686
$2,729
2007$22,050 + $187,447
$209,497
$2,641

Listing removed 2024-06-26
$0
TheMLSCLAW
Listed 2024-06-25
$2,390,000
TheMLSCLAW
Price Changed 2024-06-12
$2,390,000
TheMLSCLAW
Listing removed 2024-04-10
$0
TheMLSCLAW
Relisted 2024-04-09
$2,394,999
TheMLSCLAW
Price Changed for rent 2024-03-22
$3,250
TheMLSCLAW
Listed for rent 2024-03-07
$3,500
TheMLSCLAW
Listing removed 2024-03-06
$0
TheMLSCLAW
Listing removed 2024-02-28
$0
TheMLSCLAW
Price Changed 2024-02-02
$2,394,999
TheMLSCLAW
Relisted 2023-12-12
$599,000
TheMLSCLAW
Listed 2023-12-12
$2,395,000
TheMLSCLAW
Listing removed 2023-12-07
$0
TheMLSCLAW
Relisted 2023-11-17
$599,000
TheMLSCLAW
Listing removed 2023-11-15
$0
TheMLSCLAW
Listed 2023-09-30
$599,000
TheMLSCLAW
Sold 2020-06-09
$618,000
ITECH

Net Operating Income: 127200

Total Square Feet Living: 3908
Year Built: 2023
Levels: Multi Levels
Living Area Source: Builder
New Construction: Yes
Property Age: 1
Levels or Stories: 3
Building Total Stories: 3
Year Built Source: Builder

Other Equipment: Ceiling Fan, Dishwasher, Dryer, Washer, Range/Oven, Refrigerator, Microwave

Alexandria Avenue Elementary School is a public elementary school located approximately 0.1 miles away.
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Virgil Middle School is a public middle school located approximately 0.6 miles away.
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Belmont Senior High School is a public high school located approximately 2.4 miles away.
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Beverly Christian Academy, Inc. is a private elementary school located approximately 0.3 miles away.
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.