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259 S Normandie Ave
Los Angeles, CA 90004
The Mid-Wilshire/Century 4 - 259 S Normandie · Multifamily Property For Sale · 12 Units
PROPERTY FACTS
| No. Units | 12 | Building Size | 7,638 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low Rise | Year Built | 1958 |
| Building Class | C | Parking Ratio | 1.83/1,000 SF |
| Lot Size | 0.18 AC |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 7,638 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1958 |
| Parking Ratio | 1.83/1,000 SF |
SITE AMENITIES
- Laundry Facilities
ABOUT 259 S NORMANDIE AVE , LOS ANGELES, CA 90004
As part of the Mid-Wilshire/Century 4 Portfolio, The Kanner Group is proud to present 259 S Normandie Ave, a 1958 built Mid-Century 2-story 12-unit wood-frame stucco building. This Mid-Century exterior features period accent brick lining the front façade. The building is separately metered for gas and electric, contains a master boiler, and has on-site laundry machines. The unit mix consists of 4 singles, 6 (1+1) and 2 (2+2) apartments. This is an excellent value-add investment opportunity for investors looking to purchase a property with considerable rental upside potential located in a booming/high-demand rental market. This asset can be purchased individually or in groups/bulk with the other 3 buildings in the Mid-Wilshire/Century 4 Portfolio. 259 S Normandie Ave is located in the Mid-Wilshire/Koreatown submarket of Los Angeles, boasting a Walkscore of 89, and is a short walk to numerous eateries, coffeeshops, and nightlife options. The property is situated within close proximity to several of LA’s most desirable neighborhoods—Hancock Park, Silverlake, Downtown Los Angeles, Hollywood, and Miracle Mile. It is surrounded by accessible Metro Transit and prime shopping, dining, and cultural attractions and destinations.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 4 | - | - |
| 1+1 | 6 | - | - |
| 2+2 | 2 | - | - |
PROPERTY TAXES
| Parcel Number | 5518-001-012 | Improvements Assessment | $501,981 |
| Land Assessment | $1,617,500 | Total Assessment | $2,119,481 |
PROPERTY TAXES
ZONING
| Zoning Code | LAR3 |
| LAR3 |
