Residential Income - Los Angeles, CA

We are pleased to present 1321-1325 N Normandie Ave - a (6) unit multifamily development opportunity situated in East Hollywood. The proposed project consists of two separate APN's (1325 N Normandie is available for sale next door) and will be sold with RTI plans in place, making it the perfect opportunity for a potential investor to begin construction immediately. Each of the properties consists of a vacant 3 Bedroom \/ 1 Bath Single Family Residence in the front and a detached Duplex in the rear with (2) 1 Bedroom \/ 1 Bath units. The proposed RTI plans, which consist of 7,612 SF of living area on a combined 10,816 lot, modify the current property and feature a phenomenal unit mix of: (1) 3 Bedroom \/ 2.5 Bath unit, (2) 3 Bedroom \/ 3 Bath units and (3) 4 Bedroom \/ 3 Bath units. The modification of the current structures with the RTI plans that are in place allow an investor to avoid demolition costs and ground up construction, resulting in significant time and financial savings!