962 N Normandie Ave, Hollywood, CA 90029

Property Description

-NORMANDIE 16 -OPPORTUNITY ZONE- 16 NEW CONSTRUCTION UNITS NEAR COMPLETION IN EAST HOLLYWOOD- The subject property is a new construction 16-unit complex, located in rapidly appreciating East Hollywood. Final inspections are underway which would allow a buyer to take advantage of Opportunity Zone tax incentives, should buyer elect to close escrow prior to CofO. Sale may also be made to a traditional buyer looking to obtain the property at completion. A matching new construction 8 unit property two parcels north is also available for sale from the same seller which can be purchased separately or as a part of this sale. This luxury complex is comprised of 8 duplexes, totaling 16 townhouse style units. The units are all generous in sizing with four units being three bedroom, eight units being two bedroom, and four units being one bedroom (31 bed 24 bath in total), all of which have private laundry. A total of 30 on-site parking spots provide secure and private parking for all tenants. Each unit is equipped with separate meters for water, gas and electricity as well as an owner’s common area electric meter for exterior lighting and common area water meter for servicing and landscape irrigation. Normandie 16 offers the welcoming residential atmosphere of home while being right in the heart of East Hollywood, blocks away from LA City College, the 101 Fwy, and a short distance from Silverlake, Hollywood, and downtown Los Angeles.