1029 S Normandie Avenue, Los Angeles, CA 90006
List Price: $1.15M
Listing Status: Active
0Days on Market: 8
3 Bedrooms · 3 Bathrooms · 1,575 sq ft
Property Type: ResidentialIncome
Year Built: 1925
Lot Size: 5,907 sq ft
MLS Number: 26736913
About This Property
SEE ATTACHED DOC FOR INVESTMENT DEPRECIATION AND TAX BENEFIT FOR THE NEXT BUYER. BRING YOUR 1031 EXCHANGE HERE. ** NOW WITH NEW LOWERED PRICE, LOOKING FOR A SERIOUS BUYER.** NO BETTER LOCATION & ACCESSIBILITY IN TOWN. OPPORTUNITY/LUCK IS FOR THOSE WHO TAKE IT & TAKE IT QUICKLY THAN ANYONE ELSE. Current ownership purchased this property for $1,100,000.00 back in 2018. Motivated Seller. All serious offers will be considered. This DUPLEX, WILL BE DELIVERED VACANT AT CLOSE OF ESCROW. REMODEL TO GET HIGHEST RENT POSSIBLE OR REDEVELOPMENT OPPORTUNITY!! LOCATION, LOCATION, LOCATION!! R-4/1 Zoning, Center of Normandie and Olympic Blvd. Great Location with Great Possibilities!! Land Value. 14 Units By-Right Buildable sq footage 9,720sf. & 26 Potential Units with TOC Tier 3, Maximum Buildable square footage: 17,310 sf., refer to attached Document. Buyer to verify all information. There are no approved plans or RTI. Buyer/developer to draw a new plan.
Listing provided by: Max Lee DRE #01905008 619-663-8680 Hellomaxlee@gmail.com, Real Broker
Source: CRMLS, MLS #: 26736913
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.