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$ 1,945,000
Est. payment /mo
Active
132 N Normandie Los Angeles, CA 90004
5,749 Sqft Lot
UPDATED:
Key Details
Property Type Other Types
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR26094522
HOA Y/N No
Year Built 1958
Lot Size 5,749 Sqft
Property Sub-Type Apartment
Property Description
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.
Location
State CA
County Los Angeles
Area C17 - Mid-Wilshire
Interior
Fireplace No
Laundry Washer Hookup, Gas Dryer Hookup, Inside
Exterior
Pool None
Community Features Storm Drain(s), Street Lights, Sidewalks
Private Pool No
Building
Lot Description No Landscaping
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 5518005029
Energy Description 3240.0
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Special Listing Condition Standard
Listed by Ashkan Etemad-Sadati Re/Max Luxe 818-917-8459, DRE #01994702
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