Skip To Content
    Return to Previous Page

    972 N Normandie Avenue

    Hollywood, CA 90029
    • $4,175,000
    • STATUS: Active
    • ON SITE: 184 days
    • ID#: PW20076896
    Price Reduced
    UPDATED: 25 min ago
    $4,175,000
    • 0
      BEDS
    • 0.21
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 10,066
      SQFT
    • $415
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    2020
    County:

    School Ratings & Info

    Description

    NORMANDIE 8 - 8 NEW CONSTRUCTION UNITS IN HOLLYWOOD - We are pleased to announce a new construction 8 unit property with C of O issued, with five of the eight units leased. In addition to this offering, a matching new construction 16 unit property two parcels south is also available for sale from the same seller which can be purchased separately or as a part of this sale. If interested please contact us regarding either property. This luxury complex is comprised of four duplexes, totaling eight townhouse style units. The units are all generous in sizing with four units being three bedroom, two units being two bedroom, and two units being one bedroom (18 bed 16 bath in total), all of which have private laundry. A total of 16 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+GGs common area electric meter for exterior lighting and common area water meter for servicing and landscape irrigation. The property is completed with drought tolerant landscaping, energy efficient building materials, appliances and fixtures presenting the buyer with a low maintenance, environmentally friendly property. The layouts of the units are spacious and only share a single wall with a single neighbor. The combination of a strong Hollywood market, new construction units, and a turn-key warrantied property makes this a unique opportunity.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-10-24T21:27:24.343. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty. Licensed in the State of California, USA.

    www.therealestategirl.com/homes/105243653
    Print Image

    972 N Normandie Avenue Hollywood, CA 90029

    • Price: $4,175,000
    • Status: Active
    • Updated: 25 min ago
    • ID#: PW20076896
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.21
    Acres
    10,066
    SQFT
    $415
    $/SQFT
    2020
    Built
    Neighborhood:
    C20 - Hollywood
    County:
    Los Angeles
    Area:
    C20 - Hollywood
    Property Description
    NORMANDIE 8 - 8 NEW CONSTRUCTION UNITS IN HOLLYWOOD - We are pleased to announce a new construction 8 unit property with C of O issued, with five of the eight units leased. In addition to this offering, a matching new construction 16 unit property two parcels south is also available for sale from the same seller which can be purchased separately or as a part of this sale. If interested please contact us regarding either property. This luxury complex is comprised of four duplexes, totaling eight townhouse style units. The units are all generous in sizing with four units being three bedroom, two units being two bedroom, and two units being one bedroom (18 bed 16 bath in total), all of which have private laundry. A total of 16 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+GGs common area electric meter for exterior lighting and common area water meter for servicing and landscape irrigation. The property is completed with drought tolerant landscaping, energy efficient building materials, appliances and fixtures presenting the buyer with a low maintenance, environmentally friendly property. The layouts of the units are spacious and only share a single wall with a single neighbor. The combination of a strong Hollywood market, new construction units, and a turn-key warrantied property makes this a unique opportunity.
    Exterior Features

    Entry Level 1 Entry Location Ground Garage Spaces 15.00 Lot Features Corner Lot Lot Size Source Assessor Lot Size Units Square Feet Parking Features Assigned Parking Total 15.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN No

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area 712 Average1 Bed Area Units Square Feet Average2 Bed Area 837 Average2 Bed Area Units Square Feet Average3 Bed Area 1235 Average3 Bed Area Units Square Feet Common Walls No Common Walls Cooling Central Air Cooling YN Yes Fireplace Features None Fireplace YN No Heating Central Heating YN Yes Laundry Features Dryer IncludedIndividual RoomInsideWasher Included Levels Three Or More

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Cap Rate 5.48 Community Features Urban Country Us Electric Standard Electric Expense 480.00 Elevation Units Feet Gross Income 312000.00 Gross Multiplier 13.40 Gross Operating Income 302640.00 Gross Scheduled Income 312000.00 Insurance Expense 2727.00 Land Lease YN No Laundry YN Yes Maintenance Expense 3200.00 Net Operating Income 228919.00 New Construction YN Yes New Taxes Expense 49026.00 Number Of Separate Electric Meters 9 Number Of Separate Gas Meters 8 Number Of Separate Water Meters 9 Number Of Units Leased 4 Number With Dishwasher 8 Number With Disposal 8 Number With Range 8 Number With Refrigerator 8 Operating Expense 73720.00 Professional Management Expense 12106.00 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tax Annual Amount 49026.00 Tax Rate 1.17 Tax Year 2020 Tenant Pays All Utilities Total Actual Rent 11600.00 Total Expenses 73720.00 Trash Expense 2978.00 Utilities Cable Connected Vacancy Allowance 9360 Vacancy Allowance Rate 3.00 Water Sewer Expense 1202.00 Water Source Private Year Built Source Builder Zoning Lar3

    Listing provided courtesy of Seth Hamilton of Citivest Realty Services, Inc


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-10-24T21:27:24.343. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty. Licensed in the State of California, USA.

     
    https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_7_364231853-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_7_364231853-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_7_364231853-1.jpg
    Logo
    Keller Williams Realty
    ,