Normandie Building | 4801 S Normandie Ave
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Normandie Building 4801 S Normandie Ave
5,640 SF 100% Leased Retail Building Los Angeles, CA 90037 $1,650,000 ($293/SF) 5.19% Cap Rate
Investment Highlights
- Corner lot
- Tremendous rental upside
- Retail unit currently on a month-to-month lease
- 10 parking spaces in a gated lot
- Opportunity to build ADUs
- One unit currently vacant and fully renovated
Executive Summary
Total Realty Group is proud to present 4801 S Normandie Ave. The subject property is a mixed use building constructed in 1915. The property contains one 3 bedroom/2 bathroom unit, two 2 bedroom/2bathroom units, and one three bedroom/one bathroom unit, and the first floor tenant is a Church. The property is situated near USC with good walkability and access to public transportation. Built in 1915, the property is zoned LAC2. The property is a 5,640 Square Foot building on a 5,621 Square Foot lot. The building also has 10 parking spaces in a gated lot. At a list price of $1,650,000, the property is has a 9.5 proforma GRM and an 8.1% proforma CAP rate. 4801 S Normandie Ave is less than two miles away from Exposition Park, which is ideal with the 2028 Olympics approaching. Additionally, the building contains one vacancy (2+2). The property is listed at $330,000 per unit, $293 per building Square Foot, and $294 per land Square Foot. The owner has preliminary plans to construct ADUs. Contact Michael or Stephen directly to schedule a showing.
DO NOT DISTURB OCCUPANTS! DRIVE BY ONLY! THOSE WHO DO NOT COMPLY WILL BE DISQUALIFIED!
DO NOT DISTURB OCCUPANTS! DRIVE BY ONLY! THOSE WHO DO NOT COMPLY WILL BE DISQUALIFIED!
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
5,640 SF
Year Built/Renovated
1915/2012
Price
$1,650,000
Price Per SF
$293
Cap Rate
5.19%
NOI
$85,559
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.00
Land Acres
0.13 AC
Zoning
LAC2 - The C-2 General Commercial Zone is intended to permit a wide range of retail and commercial services, professional offices, and residential.
Parking
10 Spaces (1.77 Spaces per 1,000 SF Leased)
Amenities
- Corner Lot
- Fenced Lot
- Signalized Intersection
Walk Score ®
Very Walkable (72)
PROPERTY TAXES
| Parcel Number | 5016-021-001 | Total Assessment | $401,927 (2024) |
| Land Assessment | $251,206 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $150,721 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
5016-021-001
Land Assessment
$251,206 (2024)
Improvements Assessment
$150,721 (2024)
Total Assessment
$401,927 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
-
Michael Fukushima -
Stephen Watson -
Total Realty Group
1 of 11
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Normandie Building | 4801 S Normandie Ave
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