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Listed by Ashkan Etemad-Sadati, DRE #01994702 • Re/Max Luxe
$ 1,945,000
Est. payment /mo
Active
132 N Normandie Los Angeles, CA 90004
5,751 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSR26094522
Year Built 1958
Lot Size 5,751 Sqft
Source California Regional MLS
Property Description
Nestled in the heart of prime Koreatown, this 8-unit property offers an attractive investment opportunity with a versatile unit mix comprised of 1 studio unit, 6 one-bedroom units, and 1 two-bedroom unit, appealing to a wide range of tenants. Spanning approximately 6,080 square feet on a 5,749-square-foot lot, the property also features 7 to 8 tandem parking spaces. Currently generating a gross annual rent of approximately $145,224, the asset presents strong upside potential in rents. With a permit already pulled for the soft-story retrofit, a new roof underway, and several units recently updated, this property combines current income with clear value-add opportunities. Ideally located in a vibrant, walkable neighborhood near shops, dining, and public transit, this is a prime opportunity to invest in one of Los Angeles' most dynamic and in-demand rental markets.
Location
State CA
County Los Angeles
Area C17 - Mid-Wilshire
Interior
Laundry Gas Hookup, 30, Other
Exterior
Pool None
Building
Water District - Public
Others
Tax ID 5518005029
Special Listing Condition Not Applicable
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