9445 S Normandie Ave | Los Angeles, CA 90044
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- LoopNet Team
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 | Building Size | 4,544 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1954 |
| Building Class | C | Parking Ratio | 0.44/1,000 SF |
| Lot Size | 0.13 AC | ||
| Zoning | LAC2 | ||
| 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 |
| Zoning | LAC2 |
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 | - |
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