CA > Los Angeles
Los Angeles, CA 90020,541 S Normandie Ave
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Los Angeles, CA 90020,541 S Normandie Ave
Los Angeles, CA 90020,541 S Normandie Ave
Los Angeles, CA 90020,541 S Normandie Ave
Los Angeles, CA 90020,541 S Normandie Ave
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Anastasiya Richards

Anastasiya Richards

Epique

+1(510) 493-0442
$ 1,950,000
Est. payment /mo
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Active

541 S Normandie Ave Los Angeles, CA 90020

8 Beds

12 Baths

7,481 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 7,481 sqft

Price per Sqft $260

MLS Listing ID 25531715

Bedrooms 8

Year Built 1955

Lot Size 7,509 Sqft

Acres 0.1724

Property Sub-Type Multi-Family

Property Description

Located at the intersection of Normandie and 6th, just one block from the iconic Quarters KBBQ, this 12-unit apartment building offers an exceptional opportunity to acquire a value-add asset in one of Los Angeles' most vibrant and high-demand rental markets. The property consists of one bachelor, three singles, and eight one-bedroom units only one of which has been renovated in the past 30 years, (light touch up in others) making it a perfect candidate for a comprehensive renovation strategy. This provides a clear path to capturing substantial upside through targeted unit upgrades and improved management .The building also features a garage at the front, which could be considered for future ADU conversion, as well as a rear parking area and an on-site laundry room with owner-owned washer/dryers, providing additional income. The property benefits from a charming side garden that is well-maintained by tenants, enhancing the building's curb appeal and offering a welcoming environment. Despite a current in-place cap rate of just 3.73%, the property's proforma cap rate exceeds 10.5%, even under conservative underwriting assumptions. This significant upside potential makes it a rare find in today's market, with the ability to create substantial value and unlock a high return on investment. With the location, strong rental demand, and numerous avenues for growth, this Koreatown asset offers a rare opportunity to reposition and capitalize on long-term appreciation and income growth.

Location

State CA

County Los Angeles

Area Mid-Wilshire

Zoning LAR4

Exterior

Garage Spaces 11.0

Building

Story 2

Others

Special Listing Condition Standard

TheMLS (CLAW)
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The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Keller Williams Beverly Hills

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Anastasiya Richards

+1(510) 493-0442

akheystver@gmail.com

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