542 N Normandie Ave - Apartments FOR SALE


Los Angeles, CA 90004- East Hollywood
$3,550,000 USD
661-290-3700
542 N Normandie Ave, Los Angeles, CA for Sale
$3,550,000 USD
Apartments - FOR SALE
1/11
null | 4.69% Cap Rate

542 N Normandie Ave
Los Angeles, CA 90004
East Hollywood


HIGHLIGHTS

  • No LA city rent control

OVERVIEW

Presenting an outstanding multifamily investment opportunity in the vibrant Mid-Wilshire / East Hollywood corridor near Koreatown, Hollywood, and Downtown LA. This well-utilized building features ±11,700 SF and offers all spacious 2-bedroom, 2-bath units. Priced attractively at $3,550,000 ($295,833 per unit / $303 per SF), the property boasts strong upside potential through rent growth and value-add opportunities via light renovations and strategic management. Residents benefit from a transit-oriented location with easy access to Metro stations, major bus lines, and key freeways. The property maintains a stable tenant base with consistently high occupancy in a high-demand rental market. Not subject to LA City rent control—only California AB 1482 applies—this asset is positioned in a long-term growth market, as Central LA continues to experience robust renter demand and limited new multifamily supply.

FOR SALE DETAILS

PRICE

$3,550,000 USD

PRICE/SF

$303 USD /SF

# OF UNITS

12

PRICE/UNIT

$295,833

CAP RATE

4.69%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1988

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,178 SF

ZONING

LAR3

APN/PARCEL ID

5520-011-032

ASK ABOUT THIS PROPERTY

Vijay SharmaKeller Williams VIP PropertiesMore Info
661-290-3700

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Vijay SharmaKeller Williams VIP PropertiesMore Info
661-290-3700

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