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32235443
32235444

132 N Normandie, Los Angeles, CA 90004

AG
CA CA01994702
RE/MAX Luxe
Listed by RE/MAX Luxe
$1,945,000
43 days on market
Updated 30 days ago
Opportunity zone

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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Listing Contacts

AG
CA CA01994702
RE/MAX Luxe
Listed by RE/MAX Luxe

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Loan Amount
$0.00
Annual Debt Service
$--
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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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Additional Information

Name
Ash Ghavami
License
CA01994702
Brokerage
Re/MAx Luxe
Brokerage Phone
8189178459
Title
Managing Partner
Brokerage Address
20812 Ventura Boulevard
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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