1137 N Normandie Ave - Multi-Family FOR SALE


Los Angeles, CA 90029- Little Armenia
$850,000 USD
707-332-5204
1137 N Normandie Ave, Los Angeles, CA for Sale
$850,000 USD
Multi-Family - FOR SALE
1/3
null | 6.25% Cap Rate

1137 N Normandie Ave
Los Angeles, CA 90029
Little Armenia


HIGHLIGHTS

  • Strong value-add investment opportunity for buyers seeking long-term growth.
  • Located within an Opportunity Zone, providing potential tax advantages for investors.
  • The property features a duplex with an additional un-permitted unit, creating added income potential.
  • The front unit is a standalone house featuring 2 bedrooms and 1 bathroom. The rear unit has been divided into two separate living spaces.
  • Gated parking for up to four vehicles.
  • Excellent opportunity for an owner-user to live in one unit while generating rental income from the others.

OVERVIEW

This East Hollywood property presents a strong value-add investment opportunity for buyers seeking long-term growth, with the added benefit of being located in an Opportunity Zone, offering potential tax advantages for investors. The property features a gated duplex with parking for up to four vehicles, plus an additional un-permitted unit that enhances its income potential. The front unit is a standalone 2-bedroom, 1-bathroom house, while the rear unit has been divided into a 2-bedroom, 1-bathroom space and a 1-bedroom, 1-bathroom space, ideal for maximizing rental income. It's an excellent option for an owner-user looking to live on-site while offsetting costs with rental income. Situated near schools, shopping centers, LA City College, and the Metro Red Line, the location offers tenants convenient access to Silver Lake, Hollywood, Los Feliz, and Downtown Los Angeles.

FOR SALE DETAILS

PRICE

$850,000 USD

PRICE/SF

$605 USD /SF

# OF UNITS

3

PRICE/UNIT

$283,333

CAP RATE

6.25%

% LEASED

33%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

4,056 SF

ZONING

LAR1.5

APN/PARCEL ID

5537-017-014

ASK ABOUT THIS PROPERTY

Tyler FarrarKW Commercial Beverly HillsMore Info
707-332-5204

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Tyler FarrarKW Commercial Beverly HillsMore Info
707-332-5204

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