$2,999,000 Price Analysis   ♡   Los Angeles, CA 90004 9 bed 9 bath 5,724 SqFt ($523/SqFt) 7,355SqFt lot. Built 1990 Listed 2024-04-16, Taxes $28,973 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
We are pleased to present for sale this Fully Remodeled
Mid-rise, true pride of ownership 9-unit multi-family apartment complex located in the East Hollywood area at 601 North Normandie Avenue. ALL 9 UNITS WILL BE DELIVERED VACANT AT COE! All Contemporary Plumbing, All New Electrical, New Fire Sprinkler System, New Roofing, All New Dual Pane Windows, New Central A/C and Heating units, All New Energy Sving LED recessed lights, New smooth stucco, New doors, New Iron handrails, New Kitchen. Built in 1990, this property is a truly unique investment opportunity that is not subject to Los Angeles City Rent Stabilization Ordinance rent control. Amenities include central heating and air, granite counter tops, vinyl floors, controlled access, gated, tankless water heaters, separately metered for gas and electric, stainless steel appliances, sprinkler system, secured parking for approximately 12 spaces, laundry facilities on premises. The subject property sits on a lot size of approximately 7, 353 square feet and the building square feet is approximately 5, 724 square feet. Unit mix consists of nine (9) one bedroom, one bath apartments, currently used as Short Term Rentals. Call Listing Agents for details and showings. Smack middle Hollywood and Downtown LA. Few blocks away from Mid-Wilshire, close to 101 Freeway. Do not disturb tenants. ALL 9 UNITS WILL BE DELIVERED VACANT AT COE!
Do not miss this opportunity. This won't last long!
Presented by Salar Farshchi Tabrizi at
Equity Union.
Property MLS #SR24074723 from CRMLS
Appliances YN: Yes
Laundry Features: Common Area
Heating Features: Central
Heating: Yes
Parking Total: 12
Lot Size Acres: 0.1688476
Lot Size Source: Assessor
Lot Size Square Feet: 7355
Bedrooms in Unit-1: 1
Total Bathrooms in Unit-1: 1
County: Los Angeles
Source Property Type: Residential Income
Area: C20 - Hollywood
Source Neighborhood: C20 - Hollywood
Number of Separate Electric Meters: 9
Number of Separate Gas Meters: 10
Number of Separate Water Meters: 1
Parcel Number: 5520002046
Zoning: LAR3
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $715,852 + $1,670,322 $2,386,174 | $28,973 |
| 2021 | $701,816 + $1,637,571 $2,339,387 | $28,608 |
| 2020 | $694,620 + $1,620,780 $2,315,400 | $28,908 |
| 2019 | $500,000 + $1,500,000 $2,000,000 | $3,229 |
| 2018 | $239,747 + $283,005 $522,752 | $7,248 |
| 2017 | $235,047 + $277,456 $512,503 | $7,065 |
| 2016 | $230,439 + $272,016 $502,455 | $6,853 |
| 2015 | $226,978 + $267,931 $494,909 | $6,764 |
| 2014 | $222,532 + $262,683 $485,215 | $6,846 |
| 2013 | $221,527 + $261,496 $483,023 | $6,830 |
| 2012 | $217,184 + $256,369 $473,553 | $6,617 |
| 2010 | $212,926 + $251,343 $464,269 | $6,712 |
| 2009 | $211,838 + $250,058 $461,896 | $6,476 |
| 2009 | $211,335 + $249,465 $460,800 | $6,476 |
| 2008 | $207,685 + $245,155 $452,840 | $6,227 |
| 2007 | $203,613 + $240,349 $443,962 | $6,016 |
$2,999,000
CRMLS
Listing removed 2023-11-15
$0
TheMLSCLAW
Listed 2023-11-10
$3,799,000
TheMLSCLAW
Listing removed 2019-08-09
$0
TheMLSCLAW
Listed 2019-08-01
$3,950,000
TheMLSCLAW
Listing removed 2019-03-23
$2,340,000
TheMLSCLAW
Sold 2019-03-19
$2,270,000
TheMLSCLAW
Listed 2018-10-01
$2,340,000
TheMLSCLAW
Sold 2018-09-28
$2,000,000
Public Record
Sold 2018-06-07
$1,650,000
Public Record
Sold 1998-09-16
$349,000
Public Record
Sold 1981-07-15
$106,000
Public Record
Year Built: 1990
Building Features: 1
Common Walls: No Common Walls
Entry Level: 1
Entry Location: Street
Property Age: 34
Levels or Stories: Three Or More
Building Total Stories: 3
Structure Type: Commercial/Residential
Year Built Source: Assessor
Natural Gas Available
Natural Gas Connected
Sewer Connected
Water Available
Water Connected
Water Source: Public
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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.