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9445 S Normandie Ave
Los Angeles, CA 90044

Multifamily Property For Sale · 6 Units

Investment Highlights

  • Located in the Rapidly Gentrifying & Revitalized Neighborhood of Los Angeles | Tremendous Value-Add Opportunity | Approximately 39% in Rental Upside
  • Garages have ADU Conversion Potential | Assumable Loan of $735,000 Fixed for 5 Years at 3.15% Interest Rate with 3 Years of Interest Only
  • Two Enclosed Garages – Opportunity to Rent as Parking or Storage for Additional Income
  • 7.92% Pro-Forma CAP Rate & 8.58 Pro-Forma GRM | 4.81% Current CAP Rate & 11.89 Current GRM
  • Outstanding Unit Mix of (One) 4-Bedroom/2-Bathroom Unit, (One) 2-Bedroom/1-Bathroom Unit and (Four) 1-Bedroom/1-Bathroom Units
  • Situated on Corner Lot Totaling 5,580-Square Feet – Zoned LAC2 (Commercial Zoning) | Offered at $208,333 Per Unit & $275 Per SF

PROPERTY FACTS

No. Units 6
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.13 AC
Building Size 4,544 SF
Average Occupancy 100%
No. Stories 2
Year Built 1954
Parking Ratio 0.44/1,000 SF

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
4+2 1 $2,370 -
2+1 1 $1,850 -
1+1 4 $1,136 -

zoning

Zoning Code LAC2
LAC2
  • Listing ID: 27112217

  • Date on Market: 11/14/2022

  • Last Updated:

  • Address: 9445 S Normandie Ave, Los Angeles, CA 90044

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