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1741 S Normandie Avenue

Los Angeles (City), CA 90006
  • $1,100,000
  • STATUS: Active
  • ON SITE: 12 Days
  • ID#: SB21216625
UPDATED: 15 min ago
$1,100,000
  • 0
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1905
County:

School Ratings & Info

Description

Premium centrally located home in the HPOZ historic area of Pico-Union, Koreatown, Mid-Wilshire of Los Angeles. This quaint Colonial Cottage has had permitted additions for a once large family. The City of LA-Building & Safety have approved plans to divide the main 4 bed, 2 bath home from the upper 2 bed, 1 bath into 2 separate units w/ their own utility meters. The two units would share the main floor laundry room that leads out to the back yard. This would act as the main entrance for the upper unit. The 2 car garage can be shared between the units, if desired. The driveway is long that can accommodate 4 - 5 cars. The patio area at the rear of the house provides a nice getaway surrounded by lots of greenery from the nice landscape of a well maintained yard. Potential exists to create an upper deck or balcony for upper unit outdoor area. The new owner can live one & the other. With such a central location, the owner can create a very lucrative Airbnb business. The proximity to DTLA, Staples Center, USC, UCLA, Airport, Baseball, Soccer and Football Stadiums, beaches like Santa Monica, Venice, LA Marina and Redondo Beach; Mountains areas such as Big Bear and Lake Arrowhead, Sierra Nevada and San Gabriel Mountains for both winter and summer fun; City life activities in Hollywood, Universal Studios, Warner Brothers Studios, Disneyland, Pacific Coast Highway drives, proximity to LAX, Universities: UCLA, USC, Loyola Marymount, etc and more is HUGE for such a business. Centrality is everything and you won't go wrong with this investment.Converting permits have been paid & approved. Remaining items for conversion consist of adding gas, water, electrical meters; mailbox and water heater for upstairs. No main building restructure or major alteration required. The house layout provides an easy conversion. Great investment opportunity for the right person/investor.Performa rents: 4 bed, 2 bath -$4,000; 2/1 - $2,500Air BnB 2 bed/1 bath $250 per night and/or the downstairs for groups 4 bd/2 bath with rates at $355 or more per night depending on local activities and seasons.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-10-25T08:23:50.023. 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 The Parsons Team | Keller Williams Realty. Licensed in the State of California, USA.
www.theparsonsrealestateteam.com/homes/122291863
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1741 S Normandie Avenue Los Angeles (City), CA 90006

  • Price: $1,100,000
  • Status: Active
  • Updated: 15 min ago
  • ID#: SB21216625
0
Beds
0
Baths
0
½ Baths
0.14
Acres
1905
Built
Neighborhood:
C16 - Mid Los Angeles
County:
Los Angeles
Area:
C16 - Mid Los Angeles
Property Description
Premium centrally located home in the HPOZ historic area of Pico-Union, Koreatown, Mid-Wilshire of Los Angeles. This quaint Colonial Cottage has had permitted additions for a once large family. The City of LA-Building & Safety have approved plans to divide the main 4 bed, 2 bath home from the upper 2 bed, 1 bath into 2 separate units w/ their own utility meters. The two units would share the main floor laundry room that leads out to the back yard. This would act as the main entrance for the upper unit. The 2 car garage can be shared between the units, if desired. The driveway is long that can accommodate 4 - 5 cars. The patio area at the rear of the house provides a nice getaway surrounded by lots of greenery from the nice landscape of a well maintained yard. Potential exists to create an upper deck or balcony for upper unit outdoor area. The new owner can live one & the other. With such a central location, the owner can create a very lucrative Airbnb business. The proximity to DTLA, Staples Center, USC, UCLA, Airport, Baseball, Soccer and Football Stadiums, beaches like Santa Monica, Venice, LA Marina and Redondo Beach; Mountains areas such as Big Bear and Lake Arrowhead, Sierra Nevada and San Gabriel Mountains for both winter and summer fun; City life activities in Hollywood, Universal Studios, Warner Brothers Studios, Disneyland, Pacific Coast Highway drives, proximity to LAX, Universities: UCLA, USC, Loyola Marymount, etc and more is HUGE for such a business. Centrality is everything and you won't go wrong with this investment.Converting permits have been paid & approved. Remaining items for conversion consist of adding gas, water, electrical meters; mailbox and water heater for upstairs. No main building restructure or major alteration required. The house layout provides an easy conversion. Great investment opportunity for the right person/investor.Performa rents: 4 bed, 2 bath -$4,000; 2/1 - $2,500Air BnB 2 bed/1 bath $250 per night and/or the downstairs for groups 4 bd/2 bath with rates at $355 or more per night depending on local activities and seasons.
Exterior Features

Architectural Style ContemporaryColonial Construction Materials DrywallPlasterUnknown Entry Level 1 Entry Location Steps To Main Floor Exterior Features Rain Gutters Fencing BlockChain LinkWood Foundation Details Concrete Perimeter Lot Features Back YardFront YardLawnLandscapedSprinkler SystemYard Number Of Separate Electric Meters 1 Open Parking Spaces 6 Other Structures Storage Parking Features ConcreteDoor-MultiDriveway LevelDrivewayGarage Faces FrontGarageGarage Door OpenerGatedPavedPrivateTandemUncovered Parking Total 8 Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type City Street Road Surface Type Paved Roof Shingle Spa Features None Spa YN No View NeighborhoodTrees/Woods View YN Yes

Interior Features

Accessibility Features Low Pile CarpetParkingAccessible DoorsAccessible Hallway(S) Appliances Gas CooktopDisposalGas OvenGas Water HeaterMicrowaveRefrigeratorWater HeaterDryerWasher Common Walls 2+ Common Walls Cooling Central AirGas Cooling YN Yes Door Features French DoorsPanel Doors Fireplace Features Living Room Fireplace YN Yes Flooring LaminateTileWood Heating Central Heating YN Yes Interior Features Ceiling Fan(S)Bedroom On Main LevelJack And Jill BathWalk-In Closet(S) Window Features French/MullionedScreensWood Frames

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Common Interest None Community Features Street Lights Contingency 1031 Exchange At No Cost To The Buyer. Disclosures City Inspection RequiredRent Control Electric Expense 0 Exclusions Staging in All Rooms. Fuel Expense 0 Garage YN Yes Gross Income 0 Gross Scheduled Income 0 Inclusions Upstairs Cabinets in GarageAll Appliances Currently On Property; Ceiling Fans & Fixtures. Some Yard Tools And Paints From Recent Paint Job. Insurance Expense 0 Land Lease YN No Laundry Features Common AreaWasher HookupGas Dryer HookupLaundry Room Levels OneTwo Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms 1031 Exchange Net Operating Income 0 New Construction YN No Number Of Separate Gas Meters 1 Number Of Separate Water Meters 1 Number Of Units Leased 0 Operating Expense 0 Property Condition Updated/RemodeledTurnkey Property Sub Type Duplex Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays All Utilities Total Actual Rent 0 Trash Expense 0 Utilities Electricity AvailableNatural Gas AvailableNatural Gas ConnectedSewer AvailableSewer ConnectedWater AvailableWater Connected Water Sewer Expense 0 Water Source Public Zoning Lar2

Listing provided courtesy of Coral Sandoval-Eldred of West Shores Realty, Inc.


Based on information from California Regional Multiple Listing Service, Inc. as of 2021-10-25T08:23:50.023. 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 The Parsons Team | Keller Williams Realty. Licensed in the State of California, USA.
 
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