1819 S Normandie Ave Los Angeles, CA 90006
Listing Courtesy of: Combined L.A. Westside (CLAW) / Coldwell Banker Realty / Joel Newton

  1819 S Normandie Ave Los Angeles, CA 90006

Active (27 Days)
$1,050,000
6
BED
4
BATH
3,388
SQFT

Description

Exceptional Triplex Opportunity Near Downtown LA Perfect for Investors, Developers and First-Time Homebuyers! Welcome to a unique property just west of Downtown Los Angeles, ideal for owner-users and investors alike! This triplex offers the perfect blend of comfortable living and lucrative rental potential. Property Highlights:- **Spacious Living**: The property features two separate buildings totaling **3,388 square feet** of living space, situated on a generous **4,556 square foot lot**.- **Zoned for Development**: The property is zoned R2 and qualifies for **TOC Tier 1 benefits**, opening doors for potential future development and an attractive prospect for savvy investors.- **Stable Income**: With all tenants currently in place, this triplex has proven to be a stable investment; all tenants have consistently paid their rents throughout the pandemic. Prime Location:- Just **2 miles east of Downtown LA** and **2 miles north of USC**, this property offers an enviable location that is both accessible and vibrant.- **Centrally Located**: Convenient access to public transit, shopping, trendy dining, and excellent schools makes this an ideal locale for tenants, ensuring lower vacancy rates and high demand. Ideal for Investors This triplex is a great fit for anyone looking for a **stabilized asset** or a safe **1031-exchange replacement**. Its strong rental history and strategic location make it a wise investment move. Affordable Financing Options: We welcome FHA, VA, and first-time home buyer programs! Don't miss this opportunity to make a strategic investment or become a homeowner in one of LA's most dynamic neighborhoods. Seize the chance to own a piece of prime real estate near Downtown LA today! Whether you're an investor looking for a reliable income source or a first-time homebuyer looking to break into the real estate market, this triplex is waiting for you.

MLS #:
24-456627
Lot Size
5,171 SQFT
Type
Multifamily
Year Built
1915
County
Los Angeles County

Listed By

Joel Newton, DRE #01225388 CA, Coldwell Banker Realty
Source
Combined L.A. Westside (CLAW)
Last checked Nov 21 2024 at 6:02 AM GMT+0000
Bathroom Details
Heating and Cooling
  • Wall
  • None
Basement Information
  • No
Parking
  • Parking Garage: None
Stories
  • 0
Living Area
  • 3,388 sqft
Location
   
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Listing Price History

Date
Event
Price
% Change
$ (+/-)
Nov 14, 2024
Price Changed
$1,050,000
-5%
-50,000
Nov 05, 2024
Price Changed
$1,100,000
-8%
-99,000
Oct 24, 2024
Original Price
$1,199,000
-
-
Disclaimer: Copyright 2024 CLAW MLS. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 11/20/24 22:02