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32227206

955 N Normandie, Los Angeles, CA 90029

WW
CA 01970431
Peak Commercial
Listed by Peak Commercial
$1,100,000
43 days on market
Updated 10 days ago

955 N Normandie

Details
APN 5537025004
Property Type Multifamily
Sub Type Apartment Building
Square Footage 3,020
Units 3
Cap Rate 3.86%
NOI $49,960
Occupancy 100%
Tenancy Multi
Price per SqFt $429
Year Built 1914
Buildings 2
Acreage 0.208
Zoning LAR3
Parking Spaces 3 spaces
Parking Per SqFt 0.99
Investment Type Stabilized

Multifamily | 3.86% CAP | 3 Units

Marketing description

Prime LAR3-zoned triplex opportunity in the heart of Los Angeles! Situated on an expansive 9,000+ sq ft lot, this versatile income property offers three separate units with strong rental potential and long-term development upside. The front residence (955) is a charming 3-bedroom, 2-bath single-family home featuring classic character and excellent owner-user appeal. At the rear, a duplex (957 & 959) consists of two 1-bedroom units, each with a loft that may function as a second bedroom or office, enhancing rental flexibility and income potential. Each unit benefits from detached garage space, with additional garage rental income currently in place. The generous LAR3 zoning provides significant redevelopment possibilities for investors seeking to maximize density (buyer to verify with city). Ideal for investors, developers, or owner-occupants looking to live in one unit while generating income from the others. Located in a high-demand rental corridor with convenient access to major transportation routes, employment centers, shopping, and dining. A rare chance to secure a multi-unit property with immediate cash flow and future upside in a rapidly appreciating Los Angeles neighborhood.

Investment highlights

  • Prime LAR3-zoned triplex opportunity in the heart of Los Angeles
  • Situated on an expansive 9,000+ sq ft lot
  • Front residence (955) is a charming 3-bedroom, 2-bath single-family home
  • Duplex (957 & 959) consists of two 1-bedroom units, each with a loft
  • Each unit benefits from detached garage space
  • Additional garage rental income currently in place
  • Generous LAR3 zoning provides significant redevelopment possibilities
  • Located in a high-demand rental corridor with convenient access to major transportation routes

Listing Contacts

WW
CA 01970431
Peak Commercial
Listed by Peak Commercial

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$49,960.00
$4,163.33/mo

Valuation Metrics

0
DSCR
4.54%
Cap Rate
4.54%
ROI

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