222-224 S Normandie Ave - Apartments FOR SALE


Los Angeles, CA 90004- Koreatown
$2,200,000 USD
323-605-2114
222-224 S Normandie Ave, Los Angeles, CA for Sale
$2,200,000 USD
Apartments - FOR SALE
1/20
null | 5.73% Cap Rate

222-224 S Normandie Ave
Los Angeles, CA 90004
Koreatown


HIGHLIGHTS

  • Ultra-high demand Mid-Wilshire market with 51%+ rental upside potential @ exceptional $137K/Door and $298/Sqft and well-parked
  • Well-Maintained Mid-Century Buildings with French Château–Inspired Design
  • 13 on-site parking spaces
  • 16 studios
  • Exceptional Walk Score of 91, a true “Walker’s Paradise” with dining, shopping, and daily errands just steps away

OVERVIEW

The Kanner Group is pleased to present 222-224 S Normandie Avenue — a rare 16-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 1955, the building has a total of 16 units, offering an ideal mix of 16 single units averaging approximately 450 SF. The building provides 7,376 gross square feet of living space across 7,524 square feet of LAR4-1-zoned land, with 13 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 (Purple) 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. 222-224 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

$2,200,000 USD

PRICE/SF

$275 USD /SF

# OF UNITS

16

PRICE/UNIT

$137,500

CAP RATE

5.73%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1955

PARKING SPACES

13

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,524 SF

ZONING

R4-2, Los Angeles

APN/PARCEL ID

5518-007-016

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.