4801 S Normandie Ave - Storefront Retail/Residential FOR SALE


Los Angeles, CA 90037
$1,650,000 USD
818-321-6490
4801 S Normandie Ave, Los Angeles, CA for Sale
$1,650,000 USD
Storefront Retail/Residential - FOR SALE
1/10
null | 5.19% Cap Rate

4801 S Normandie Ave
Los Angeles, CA 90037


HIGHLIGHTS

  • Corner lot
  • 10 parking spaces in a gated lot
  • Tremendous rental upside
  • Opportunity to build ADUs
  • Retail unit currently on a month-to-month lease
  • One unit currently vacant and fully renovated

OVERVIEW

Total Realty Group is proud to present 4801 S Normandie Ave. The subject property is a mixed use building constructed in 1915. The property contains one 3 bedroom/2 bathroom unit, two 2 bedroom/2bathroom units, and one three bedroom/one bathroom unit, and the first floor tenant is a Church. The property is situated near USC with good walkability and access to public transportation. Built in 1915, the property is zoned LAC2. The property is a 5,640 Square Foot building on a 5,621 Square Foot lot. The building also has 10 parking spaces in a gated lot. At a list price of $1,650,000, the property is has a 9.5 proforma GRM and an 8.1% proforma CAP rate. 4801 S Normandie Ave is less than two miles away from Exposition Park, which is ideal with the 2028 Olympics approaching. Additionally, the building contains one vacancy (2+2). The property is listed at $330,000 per unit, $293 per building Square Foot, and $294 per land Square Foot. The owner has preliminary plans to construct ADUs. Contact Michael or Stephen directly to schedule a showing. DO NOT DISTURB OCCUPANTS! DRIVE BY ONLY! THOSE WHO DO NOT COMPLY WILL BE DISQUALIFIED!

FOR SALE DETAILS

PRICE

$1,650,000 USD

PRICE/SF

$293 USD /SF

CAP RATE

5.19%

% LEASED

0%

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Normandie Building

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1915

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,663 SF

ZONING

LAC2

APN/PARCEL ID

5016-021-001

ASK ABOUT THIS PROPERTY

Michael FukushimaTotal Realty GroupMore Info
818-321-6490

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Michael FukushimaTotal Realty GroupMore Info
818-321-6490

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