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1127 N Normandie
Los Angeles, CA 90029
Asking Price
$849K
Asset Type
Land
Class
Class B
What's Special
Land | 0.123 acres <ul><li>No rent control on the future project! </li><li>Opportunity Zone, major tax benefits (consult CPA). </li><li>Large (5,352 SF) flat lot, ideal for a new construction project. </li><li>Vacant SFR currently on lot. No relocations needed! New construction in this neighborhood commands premium rents and high resale value. </li><li>LARD1.5 zoning </li><li>Prime East Hollywood location, nearby Go Get Em Tiger, Square One, HomeState, and the Vermont/Sunset Metro Station. Barnsdall Art Park
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NOI
$80,000
Cap Rate
9.42%
DSCR
1.59
Strong
Cash-on-Cash
11.62%
Monthly Payment
$4,200.389
Annual Cash Flow
$29,595.335
