Skip To Content

3020 S Normandie Avenue

Los Angeles (City), CA 90007
  • $1,080,000
  • STATUS: Closed
  • ON SITE: 49 days
  • ID#: 21746702
Sold - 07/22/2021
$1,080,000
SOLD - 07/22/2021
  • 0
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1922
County:

School Ratings & Info

Description

We are pleased to offer the opportunity to acquire this 6,454 SF lot Student Housing Development opportunity located at 3020 S. Normandie Avenue, blocks to the University of Southern California (USC).The site offers a zoning ordinance of LAR3 (Q-condition), which allows for the construction of 5 units by right. With a Tier 1 TOC (50% density bonus), this allows for the development of an additional 4 units, totaling a potential 9 buildable units. The duplex is 100% occupied and will be delivered occupied upon the close of escrow.

Sold by Davis Saadian of Keller Williams Beverly Hills.

Monthly Payment Calculator



Based on information from California Regional Multiple Listing Service, Inc. as of 2021-07-29T08:24:45.983. 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 Twiss Realty. Licensed in the State of California, USA.
www.twissrealty.com/homes/118057025
Print Image

3020 S Normandie Avenue Los Angeles (City), CA 90007

  • Price: $1,095,000
  • Status: Closed
  • Updated: 47 min ago
  • ID#: 21746702
0
Beds
0
Baths
0
½ Baths
0.14
Acres
1922
Built
Neighborhood:
C16 - Mid Los Angeles
County:
Los Angeles
Area:
C16 - Mid Los Angeles
Property Description
We are pleased to offer the opportunity to acquire this 6,454 SF lot Student Housing Development opportunity located at 3020 S. Normandie Avenue, blocks to the University of Southern California (USC).The site offers a zoning ordinance of LAR3 (Q-condition), which allows for the construction of 5 units by right. With a Tier 1 TOC (50% density bonus), this allows for the development of an additional 4 units, totaling a potential 9 buildable units. The duplex is 100% occupied and will be delivered occupied upon the close of escrow.
Exterior Features

Parking Features None

Property Features

Gross Income 33600 Listing Agreement Seller Reserved Listing Service Full Service Net Operating Income 22815 Senior Community YN No Special Listing Conditions Standard Vacancy Allowance Rate 0 Zoning Lar3

Listing provided courtesy of Davis Saadian of Keller Williams Beverly Hills and Adam Shamooelian of Keller Williams Beverly Hills


Based on information from California Regional Multiple Listing Service, Inc. as of 2021-07-29T08:24:45.983. 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 Twiss Realty. Licensed in the State of California, USA.
 
https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_2_365568399-2.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_2_365568399-2.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_2_365568399-2.jpg
Logo
Twiss Realty
5071-A Cole Road
Mariposa CA, 95338