5150-5152 S Normandie Ave - Apartments FOR SALE


Los Angeles, CA 90037
$695,000 USD
310-279-7779
5150-5152 S Normandie Ave, Los Angeles, CA for Sale
$695,000 USD
Apartments - FOR SALE
1/6
null | 4.61% Cap Rate

5150-5152 S Normandie Ave
Los Angeles, CA 90037


HIGHLIGHTS

  • 5150 S. Normandie Avenue is a 4-unit mixed-use, value-add investment property conveniently located just east of Western Avenue and south of West Ver
  • Low price per square foot at the asking price; $162 per square foot
  • Plans have been submitted for two (2) ADU's for Two-Bedroom/Two-Bathroom Units
  • Significant upside in rents; Over 42% potential upside
  • Strong unit mix with large Two-Bedroom and Three-Bedroom units, and a ground floor commercial unit
  • Conveniently located in dense, infill location with a short drive to LA attractions like Exposition Park, LA Memorial Coliseum, BMO Stadium and the

OVERVIEW

Sean Nami is pleased to present 5150 S. Normandie Avenue in South Los Angeles – a mixed-use value-add investment property conveniently located just east of Western Avenue and south of West Vernon Avenue. The corner lot property consists of a strong unit mix of two spacious apartment units of two-bedroom and three-bedroom units, and a large ground floor commercial space. The property also offers of on-site gated parking, which the current ownership has submitted plans to build two additional ADUs on the lot consisting of two-bedroom/two-bathroom units. The offering has an attractive and low price per foot at the asking price of $162 per square foot and offers new ownership a chance to capture significant rental upside with over 42% upside in the rents. The dense, infill location of South LA comes with an easy commute to Downtown Leimert Park, USC, and Mid-City with multiple Metro local lines conveniently nearby the property.

FOR SALE DETAILS

PRICE

$695,000 USD

PRICE/SF

$163 USD /SF

# OF UNITS

-

CAP RATE

4.61%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1914

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,356 SF

ZONING

C2-1, Los Angeles

APN/PARCEL ID

5002-001-006

ASK ABOUT THIS PROPERTY

Sean NamiLyon Stahl Investment Real EstateMore Info
310-279-7779

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Sean NamiLyon Stahl Investment Real EstateMore Info
310-279-7779

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