11100 S Normandie Ave - Multi-Family FOR SALE


Los Angeles, CA 90044- Westmont
$899,000 USD
415-378-5464
11100 S Normandie Ave, Los Angeles, CA for Sale
$899,000 USD
Multi-Family - FOR SALE
1/22
null | 8.2% Cap Rate

11100 S Normandie Ave
Los Angeles, CA 90044
Westmont


HIGHLIGHTS

  • Attractive 8.2% in-place cap rate with additional upside
  • Vacant fourth unit (2BR/1BA) currently being rehabilitated
  • Expansive ±9,000 SF lot with potential to develop two stacked, ground-up ADUs (buyer to verify).
  • Alley-accessed property, minimizing exposure to traffic and noise from Normandie Avenue.
  • Prime Inglewood location near SoFi Stadium, Intuit Dome, and LAX
  • Less than 15 minutes from Downtown Los Angeles

OVERVIEW

Maher Commercial Realty is pleased to present a value-add multifamily investment opportunity in the heart of Inglewood, one of Los Angeles County’s most rapidly appreciating submarkets. Offered at a rare sub-$1,000,000 price point, the property delivers strong in-place cash flow with an approximate 8.2% cap rate and substantial upside through rent growth and future development. The property is currently configured as four units, including a vacant, unwarranted fourth unit that is in the process of being fully rehabilitated by ownership. This unit is a 2-bedroom / 1-bath and carries a pro forma rent of approximately $2,500 per month, providing immediate upside upon stabilization. There is additional upside across the remaining units, with below-market rents offering a clear path to increased income over time. Situated on an expansive ±9,000 SF lot, the property offers the potential to develop two ground-up ADU units stacked on top of each other at the rear of the parcel (buyer to verify). Each proposed ADU could be designed as a 1-2 bedroom unit, creating a meaningful long-term value enhancement and significant future cash flow potential. Recent capital improvements, including a new roof and new windows, reduce near-term capital expenditure requirements and enhance overall asset quality. The property is accessed via a rear alley, providing a quieter residential setting that avoids traffic and noise associated with Normandie Avenue. Ideally located near SoFi Stadium, Intuit Dome, and LAX, and less than 15 minutes from Downtown Los Angeles, this offering presents a rare opportunity to acquire a cash-flowing multifamily asset with operational upside and development potential in one of Southern California’s most dynamic growth corridors.

FOR SALE DETAILS

PRICE

$899,000 USD

PRICE/SF

$316 USD /SF

# OF UNITS

4

PRICE/UNIT

$224,750

CAP RATE

8.2%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1949

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

8,998 SF

ZONING

LCR320U*

APN/PARCEL ID

6076-016-017

ASK ABOUT THIS PROPERTY

Oron MaherMaher Commercial RealtyMore Info
415-378-5464

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Oron MaherMaher Commercial RealtyMore Info
415-378-5464

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