1184 N Normandie Ave - Apartments FOR SALE


Los Angeles, CA 90029- Little Armenia
$3,450,000 USD
818-640-0208
1184 N Normandie Ave, Los Angeles, CA for Sale
$3,450,000 USD
Apartments - FOR SALE
1/8
null | 5.89% Cap Rate

1184 N Normandie Ave
Los Angeles, CA 90029
Little Armenia


HIGHLIGHTS

  • High Cap Rate, Low Maintenance, Brand New Build
  • All Units are Separately Metered
  • 10 Parking Spaces Available
  • Paid-Off Solar Panels
  • 1 Unit is Currently Leased; Seller Can Work with Buyer to Lease Remaining Units During Escrow
  • No Rent Control

OVERVIEW

Introducing a newly built five-unit property offering modern design and exceptional features. Spanning 8,977 square feet on a 6,750 square foot lot, this property is situated in a no rent control area and includes paid-off solar panels for enhanced efficiency. Currently, one unit is leased, while four units are vacant, providing an excellent opportunity for customization or immediate leasing. Each unit is separately metered for water, gas, and electricity, ensuring streamlined management and tenant convenience. The projected rental income offers strong investment potential, with spacious layouts designed for comfort and functionality. This is an ideal property for investors seeking a prime, low-maintenance asset in adesirable location.

FOR SALE DETAILS

PRICE

$3,450,000 USD

PRICE/SF

$384 USD /SF

# OF UNITS

5

PRICE/UNIT

$690,000

CAP RATE

5.89%

% LEASED

20%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1184 N Normandie Ave, Los Angeles, CA 90029

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2024

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,750 SF

ZONING

LARD1.5

APN/PARCEL ID

5540-002-005

ASK ABOUT THIS PROPERTY

Syuzi HakobyanJohnHart CommercialMore Info
818-640-0208

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Syuzi HakobyanJohnHart CommercialMore Info
818-640-0208

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