5150-5152 S Normandie Ave

4 Unit Apartment Building $695,000 ($173,750/Unit) 4.61% Cap Rate Los Angeles, CA 90037

INVESTMENT HIGHLIGHTS

  • 5150 S. Normandie Avenue is a 4-unit mixed-use, value-add investment property conveniently located just east of Western Avenue and south of West Ver
  • Plans have been submitted for two (2) ADU's for Two-Bedroom/Two-Bathroom Units
  • Strong unit mix with large Two-Bedroom and Three-Bedroom units, and a ground floor commercial unit
  • Low price per square foot at the asking price; $162 per square foot
  • Significant upside in rents; Over 42% potential upside
  • Conveniently located in dense, infill location with a short drive to LA attractions like Exposition Park, LA Memorial Coliseum, BMO Stadium and the

EXECUTIVE SUMMARY

Sean Nami is pleased to present 5150 S. Normandie Avenue in South Los Angeles – a mixed-use value-add investment property conveniently located just east of Western Avenue and south of West Vernon Avenue. The corner lot property consists of a strong unit mix of two spacious apartment units of two-bedroom and three-bedroom units, and a large ground floor commercial space. The property also offers of on-site gated parking, which the current ownership has submitted plans to build two additional ADUs on the lot consisting of two-bedroom/two-bathroom units.
The offering has an attractive and low price per foot at the asking price of $162 per square foot and offers new ownership a chance to capture significant rental upside with over 42% upside in the rents. The dense, infill location of South LA comes with an easy commute to Downtown Leimert Park, USC, and Mid-City with multiple Metro local lines conveniently nearby the property.

FINANCIAL SUMMARY (ACTUAL - 2024)

ANNUAL ANNUAL PER SF
Gross Rental Income $55,584 $13.00
Other Income - -
Vacancy Loss - -
Effective Gross Income $55,584 $13.00
Taxes - -
Operating Expenses - -
Total Expenses $21,883 $5.12
Net Operating Income $33,701 $7.88

PROPERTY FACTS

Price $695,000
Price Per Unit $173,750
Sale Type Investment
Cap Rate 4.61%
No. Units 4
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.10 AC
Building Size 4,275 SF
No. Stories 2
Year Built 1914
Parking Ratio 0.53/1,000 SF
Walk Score®
Very Walkable (71)

PROPERTY TAXES

ZONING

Zoning Code C2-1, Los Angeles
  • Listing ID: 34634046

  • Date on Market: 1/28/2025

  • Last Updated:

  • Address: 5150-5152 S Normandie Ave, Los Angeles, CA 90037