1110 S Normandie Ave - Apartments FOR SALE


Los Angeles, CA 90006- Harvard Heights
$1,500,000 USD
310-927-5865
1110 S Normandie Ave, Los Angeles, CA for Sale
$1,500,000 USD
Apartments - FOR SALE
1/5
null | Request Cap Rate

1110 S Normandie Ave
Los Angeles, CA 90006
Harvard Heights


HIGHLIGHTS

  • Central Koreatown location
  • Future redevelopment potential (R4-1a Zoning)

OVERVIEW

This Property presents an excellent investment opportunity in the dynamic Pico-Union neighborhood. Built in the 1920s, the structure offers approximately 6,460 sf of living space situated on a 5,906 sf lot, consists of eight units. Six of the units are one-bedroom/one bathroom, and two of the units are two-bedroom, one-bathroom apartments, which include on-site laundry facilities. Current rents are below market value, and with strategic renovations, upgrades, and professional management, the new ownership can increase rental income and value. Residents enjoy a convenient urban lifestyle due to the property’s proximity to Koreatown, an area renowned for its diverse dining, walkability, entertainment options, and access to public transit access, that blends historic charm with modern conveniences. This investment opportunity is ideally positioned and located in an area experiencing ongoing new developments and presents a compelling investment for steady cash flow and long-term value appreciation. Please contact Lauren Mara at 310.402.4180 with any questions or to discuss. DO NOT DISTRUB TENENTS!

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$214 USD /SF

# OF UNITS

8

PRICE/UNIT

$187,500

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1929

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

5,906 SF

ZONING

LAR4

APN/PARCEL ID

5078-020-024

ASK ABOUT THIS PROPERTY

Chris MaraCarolwoodMore Info
310-927-5865

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Chris MaraCarolwoodMore Info
310-927-5865

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.