955 S Normandie Ave - Apartments FOR SALE


Los Angeles, CA 90029- East Hollywood
$1,200,000 USD
209-401-7668
955 S Normandie Ave, Los Angeles, CA for Sale
$1,200,000 USD
Apartments - FOR SALE
1/2
null | 4.16% Cap Rate

955 S Normandie Ave
Los Angeles, CA 90029
East Hollywood


OVERVIEW

Prime LAR3-zoned triplex opportunity in the heart of Los Angeles! Situated on an expansive 9,000+ sq ft lot, this versatile income property offers three separate units with strong rental potential and long-term development upside. The front residence (955) is a charming 3-bedroom, 2-bath single-family home featuring classic character and excellent owner-user appeal. At the rear, a duplex (957 & 959) consists of two 1-bedroom units, each with a loft that may function as a second bedroom or office, enhancing rental flexibility and income potential. Each unit benefits from detached garage space, with additional garage rental income currently in place. The generous LAR3 zoning provides significant redevelopment possibilities for investors seeking to maximize density (buyer to verify with city). Ideal for investors, developers, or owner-occupants looking to live in one unit while generating income from the others. Located in a high-demand rental corridor with convenient access to major transportation routes, employment centers, shopping, and dining. A rare chance to secure a multi-unit property with immediate cash flow and future upside in a rapidly appreciating Los Angeles neighborhood.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$397 USD /SF

# OF UNITS

3

PRICE/UNIT

$400,000

CAP RATE

4.16%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1914

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,148 SF

ZONING

LAR3

APN/PARCEL ID

5537-025-004

ASK ABOUT THIS PROPERTY

William WhitePeak CommercialMore Info
209-401-7668

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William WhitePeak CommercialMore Info
209-401-7668

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