1277 N Normandie Ave Los Angeles 90029

Extremely rare opportunity to purchase a VACANT duplex with great income in a developing part of Hollywood, as well as LAR3 Zoning with development potential. Property is STORE & RESIDENTIAL land use for those who need it. Separate large bonus structure that can be a great studio for so many things, including additional storage space. Lot’s of parking, and huge backyard with limitless possibilities, including turning it into natural landscape or vegetable garden. Owner was collecting $4,200 per month without collecting rent on the separate studio space. Both units have separate addresses, entrances and meters. A lot of work has gone into raising the potential of the property, and there is a lot more room to go. Approximately 5.5% cap rate without including the separate studio space or present market rent. Imagine the possibilities! Collect great income while planning the development with the LAR3 Zoning. Price low to sell because seller is in escrow to purchase another property. Do not wait…
1277 N Normandie Ave
Los Angeles, CA 90029
$899,000
4 bedrooms 3 bathrooms
5,693 Lot size
Zoned LAR3, Store and Residential Land Use
  • Address: Los Angeles, California 
  • Price: 899,000 
  • Bedrooms:
  • Bathrooms:
  • Phone Number: 323.559.9000