315 North Normandie Avenue

Los Angeles, CA 90004

$2,349,000
Price
13
Beds
12
Baths
3,908 Sq. Ft.
$601 / Sq. Ft.
3,908
Sq. Ft.
$601
per Sq. Ft.

Description

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 spacious 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....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 spacious 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 touch to the space. This modern multifamily building is not only visually 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 just 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.

Listing Agents

  1. Robby Fields

    Robby Fields

    Listing Agent

    Compass

    DRE #02080346

    robby.fields@compass.com

    P: (310)-905-2775

  2. Lauren Biedenharn

    Lauren Biedenharn

    Alternative Listing Agent

    Compass

    DRE #01955597

Property Details for 315 North Normandie Avenue

Zoning
LAR3
Parcel Number
5520026011
Total Units
3.0
Living Area
3908
Source Living Area
Builder
Area
Mid-Wilshire (C17)
Vacancy Rate
0%
Lot Size Area
4500
LISTING UPDATED: 09/23/2024 07:23 PM

Property Details for 315 North Normandie Avenue

StatusActive
MLS #24-408277
Days on Market150
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built2023
Lot Size0.10 AC / 4,500 SF
CountyLos Angeles County
Buyer's Agent Compensation2.5%

Building Information for 315 North Normandie Avenue

Stories3Residences-Year Built2023Building Size-Lot Size0.10 AC / 4,500 SF

Property Information for 315 North Normandie Avenue

Community / Development
Community / Development
  • Number Of Units: 3
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Builder
  • Number Of Stories: 3
  • Number Of Buildings: 1
  • Type Of Units: TICs
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $162,000
  • Net Operating Income: $127,200.00
  • Gross Income: $162,000
  • Gross Rent Multiplier: $162,000.00
  • Total Annual Expense: 31200
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1033
  • Lot Size Square Feet: 4500
  • Lot Size Dimensions: 53x135
  • Source Lot Size Dimensions: Vendor Enhanced
Parking Details
Parking Details
  • Parking Garage: Assigned, Driveway
  • Total Parking: 6
  • Covered Parking: 2
  • Open Other Spaces Total: 4
  • Parking Features: Assigned, Driveway
Interior Features
Interior Features
  • Levels: Multi/Split
  • Cooling: Central Air
  • Cooling Type: Central
  • Heating: Central
  • Heating Type: Central
  • Equipment: Ceiling Fan, Dishwasher, Dryer, Washer, Range/Oven, Refrigerator, Microwave
  • Interior Features: Ceiling Fan(s)
  • Laundry: Washer Included, Dryer Included
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 06-25-2024
Unit Details
Unit 1 Information
  • Unit Beds: 5
  • Unit Baths: 5
  • Unit Furnished: No
  • Unit Rent: $5,000.00
  • Unit Actual Rent: $5,000.00
  • Unit Projected Rent: $5,000.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 5
  • Unit Baths: 5
  • Unit Furnished: No
  • Unit Rent: $5,000.00
  • Unit Actual Rent: $5,000.00
  • Unit Projected Rent: $5,000.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $3,500.00
  • Unit Actual Rent: $3,500.00
  • Unit Projected Rent: $3,500.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Total Value: $2,430,000.00

Property History for 315 North Normandie Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 315 North Normandie Avenue

Taxable ValueLand$530,095Additions$132,522Total$662,617
Tax Record2024$8,250 ($688 / month)
Home Facts
Beds3Total Finished SqFt1,092 SqFtAbove Grade Finished SqFt1,092 SqFtStories1Lot Size4,500 SqFtStyleSingle Family ResidenceYear Built1912ZoningLAR3CountyLOS ANGELESAPN5520-026-011

Schools near 315 North Normandie Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Alexandria Avenue Elementary School
PublicK to 5

Virgil Middle School
Public6 to 8

Academic Leadership Community School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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315 North Normandie Avenue is a multi-family home for sale in Los Angeles, CA 90004. This property was listed for sale on June 25, 2024 by Compass, it's currently listed at $2,349,000. It has been on the market for a total of 150 days and was last sold on June 9, 2020. This listing's school district is Los Angeles Unified School District. Nearby schools include Alexandria Avenue Elementary School, Virgil Middle School and Contreras Learning Center-School Of Social Justice. 315 North Normandie Avenue is a 13-bed, 12-bath, 3,908 sqft multi-family home built in 2023.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, Robby Fields, DRE #02080346; Compass, Lauren Biedenharn, DRE #01955597

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.