208 S Normandie Ave - Apartments FOR SALE


Los Angeles, CA 90004- Koreatown
$2,000,000 USD
323-605-2114
208 S Normandie Ave, Los Angeles, CA for Sale
$2,000,000 USD
Apartments - FOR SALE
1/22
null | 6.02% Cap Rate

208 S Normandie Ave
Los Angeles, CA 90004
Koreatown


HIGHLIGHTS

  • Well below replacement cost @ $166K/Door and $283/Sqft
  • Charming Well-Kept Mid-Century Building with 11 (1+1) & 1 Studio
  • 6 on-site parking spaces
  • Ultra-high demand Mid-Wilshire market with 55%+ rental upside potential
  • Exceptional Walk Score of 91, a true “Walker’s Paradise”

OVERVIEW

The Kanner Group is pleased to present 208 S Normandie Avenue — a rare 12-unit apartment building located on a serene, tree-lined street in the highly sought-after Koreatown/Mid-Wilshire neighborhood of historic Los Angeles, just east of Western Avenue and north of 3rd Street. Built in 1953, the building has 12 units, offering an ideal mix of 1 single and 11 (1+1) units, averaging approximately 450 SF and 600 SF, respectively. The property provides 7,079 gross square feet of living space across 7,808 square feet of LAR4-1-zoned land, with 6 parking spaces serving the residents. The units feature bright, airy interiors with wide-plank wood-style flooring that flows seamlessly through living areas, bedrooms, and kitchens, creating a warm and contemporary feel. Exposed ceiling beams add architectural character, while large picture windows with vertical blinds flood each space with natural light. Kitchens have been thoughtfully upgraded with rich cabinetry, quartz-style countertops, modern stainless-steel ranges, and vent hoods. Bathrooms feature contemporary vanities, updated fixtures, and glass-enclosed tub/shower combinations. Ample closet space—including sliding-door wardrobes and walk-in closets in select units—provides excellent storage. Classic wall-mounted gas heaters maintain the building’s mid-century charm while complementing the fresh renovations for a move-in-ready experience. With a Walk Score of 90, proximity to the 101, 2, 10, and 110 freeways, and just one mile from the Wilshire/Vermont Metro B (Red) and D (Pur- ple) Line station, residents enjoy effortless connectivity to the countless shopping, dining, entertainment, and cultural destinations of Koreatown, Westlake, Mid-Wilshire, Hollywood, revitalized Downtown Los Angeles, and beyond. 208 S Normandie Avenue represents an exceptional opportunity for an investor to implement a value-add strategy or thoughtfully add a value plan as units become available.

FOR SALE DETAILS

PRICE

$2,000,000 USD

PRICE/SF

$283 USD /SF

# OF UNITS

12

PRICE/UNIT

$166,667

CAP RATE

6.02%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Cheryl Manor

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1953

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,808 SF

ZONING

R4-1, Los Angeles

APN/PARCEL ID

5518-007-019

ASK ABOUT THIS PROPERTY

Matthew KannerThe Kanner GroupMore Info
323-605-2114

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Matthew KannerThe Kanner GroupMore Info
323-605-2114

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