132 N Normandie Ave - Apartments FOR SALE


Los Angeles, CA 90004- Koreatown
$1,945,000 USD
818-917-8459
132 N Normandie Ave, Los Angeles, CA for Sale
$1,945,000 USD
Apartments - FOR SALE
1/14
null | 5.15% Cap Rate

132 N Normandie Ave
Los Angeles, CA 90004
Koreatown


OVERVIEW

Nestled in the heart of prime Koreatown, this 8-unit property offers an attractive investment opportunity with a versatile unit mix comprised of 1 studio unit, 6 one-bedroom units, and 1 two-bedroom unit, appealing to a wide range of tenants. Spanning approximately 6,080 square feet on a 5,749-square-foot lot, the property also features 7 to 8 tandem parking spaces. Currently generating a gross annual rent of approximately $145,224, the asset presents strong upside potential in rents. With a permit already pulled for the soft-story retrofit, a new roof underway, and several units recently updated, this property combines current income with clear value-add opportunities. Ideally located in a vibrant, walkable neighborhood near shops, dining, and public transit, this is a prime opportunity to invest in one of Los Angeles’ most dynamic and in-demand rental markets.

FOR SALE DETAILS

PRICE

$1,945,000 USD

PRICE/SF

$320 USD /SF

# OF UNITS

8

PRICE/UNIT

$243,125

CAP RATE

5.15%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1958

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,707 SF

ZONING

R4

APN/PARCEL ID

5518-005-029

ASK ABOUT THIS PROPERTY

Ash GhavamiRE/Max LuXeMore Info
818-917-8459

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Ash GhavamiRE/Max LuXeMore Info
818-917-8459

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