400 N Normandie Ave - Apartments FOR SALE


Los Angeles, CA 90004- East Hollywood
$1,900,000 USD
310-742-9964
400 N Normandie Ave, Los Angeles, CA for Sale
$1,900,000 USD
Apartments - FOR SALE
1/3
null | 5.14% Cap Rate

400 N Normandie Ave
Los Angeles, CA 90004
East Hollywood


HIGHLIGHTS

  • Compelling Value-Add with Average Rents of $1,085 Compared to $1,663 Pro Forma - 53% Upside.
  • Adjacent to Alexandria Avenue Elementary School.
  • Convenient Access to Hospital District and 101 Freeway.
  • Super Bowl, World Cup, and 2028 Olympics to Put Los Angeles on the World Stage.

OVERVIEW

WDIS, Inc., as the exclusive advisor, is pleased to present Oakwood (the “Property”) for sale a 16-unit, 1920's-character apartment building adjacent to Alexandria Avenue Elementary School, three blocks from 101 Fwy, and 1.5 miles to the hospital district. Residents of Oakwood benefit from the property's central location, attractive employment base, robust amenities, walkability, and vibrant local culture. The area offers everything from unique coffee shops and popular restaurants to eclectic boutiques and essential service. East Hollywood is home to notable hospital located 1.5 miles from the property where Kaiser Permanente's major medical center has plans of significant expansion over the coming years.

FOR SALE DETAILS

PRICE

$1,900,000 USD

PRICE/SF

$115 USD /SF

# OF UNITS

16

PRICE/UNIT

$118,750

CAP RATE

5.14%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

OAKWOOD | VALUE-ADD | $118/UNIT

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1924

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,055 SF

ZONING

LAR3

APN/PARCEL ID

5520-014-019

ASK ABOUT THIS PROPERTY

Paul DarrowWalker & DunlopMore Info
310-742-9964

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Paul DarrowWalker & DunlopMore Info
310-742-9964

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