

Listed by RE/MAX Luxe
$1,945,000
132 N Normandie
Details
APN 5518005029
Property Type Multifamily
Sub Type Apartment Building
Units 8
Cap Rate 5.15%
NOI $100,164
Occupancy 100%
Buildings 1
Acreage 0.132
Zoning Assessor
Multifamily | 8 Units | $243,125/unit
Marketing description
Nestled in the heart of prime Koreatown, this 8-unit property offers an attractive investment opportunity with a versatile unit mix comprised of 1 studio unit, 6 one-bedroom units, and 1 two-bedroom unit, appealing to a wide range of tenants. Spanning approximately 6,080 square feet on a 5,749-square-foot lot, the property also features 7 to 8 tandem parking spaces. Currently generating a gross annual rent of approximately $145,224, the asset presents strong upside potential in rents. With a permit already pulled for the soft-story retrofit, a new roof underway, and several units recently updated, this property combines current income with clear value-add opportunities. Ideally located in a vibrant, walkable neighborhood near shops, dining, and public transit, this is a prime opportunity to invest in one of Los Angeles most dynamic and in-demand rental markets.
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Listed by RE/MAX Luxe
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$100,164.00
$8,347.00/mo
Valuation Metrics
0
DSCR
5.15%
Cap Rate
5.15%
ROI
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