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4815 Normandie Avenue, Los Angeles, CA 90037

5 Bed, 2 Bath Multi-Family Home For Sale

4815 Normandie Avenue, Los Angeles, CA 90037 House For Sale - MLS #17232648
Off the Market
$499,000
5
2
Multi-Family
4 Family
This listing is courtesy of David Hwang from Dream Realty Asset Mgt, Inc..

Property Description for 4815 Normandie Avenue, Los Angeles, CA 90037

$50,000 PRICE REDUCTION $5080 GROSS INCOME. 100% AS IS SALE. MOTIVATED SELLER! CASH COW! This C2 zoned Mixed Use property sits on a 5,403 SF lot. Amazing opportunity to own a commercial mixed used property. There is great future development potential for this property due to its proximity to USC and zoning. There is a total of 4 units. The residential units in the back consist of 3 units. (#1) 3 bedrooms and 1 Bath $1697.00 (#2) 2 Bedroom and 1 Bath $1591.00 (#3) "non-conforming" studio $700.00. The commercial store front unit is currently occupied by a medical marijuana dispensary. There is ample parking in the back and the current owner recently replaced the roof. CASH OR PRIVATE MONEY FINANCING ONLY DUE TO MEDICAL MARIJUANA DISPENSARY. ALL GROSS LEASES. SELLER PAYS FOR ALL UTILITIES. NET MONTHLY INCOME WITH ALL EXPENSES AND PROPERTY TAX IS $3667.82

Interior Details

2,208 sq. ft.
$226.00/sq. ft.
Other

Exterior Details

0.12 acres
5,403 sq. ft.
5

Other Details

17232648
1953

Units Description

Unit #1
Bedrooms: 3      Full / Half Baths: 1      Rent: $1,697     

Unit #2
Rent: $700     

Unit #3
Bedrooms: 2      Full / Half Baths: 1      Rent: $1,591     

Unit #4
Rent: $1,092     

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Town Description

Los Angeles is subject to earthquakes due to its location on the Pacific Ring of Fire. The geologic instability has produced numerous faults, which cause approximately 10,000 earthquakes annually. One...

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