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    848 S Normandie Ave

    Los Angeles, CA 90005
    • $1,600,000
    • STATUS: Active
    • ON SITE: 181 days
    • ID#: 20-586674
    UPDATED: 48 min ago
    $1,600,000
    • 12
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,660
      SQFT
    • $283
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1917
    County:
    Area:

    School Ratings & Info

    Description

    Presented for sale is a 4 Unit Apartment Building with tremendous redevelopment upside! This building features huge 3+1 homes with 4+ parking spaces in the rear. There is currently one vacant unit and a potential to deliver the three other units with cash-for-keys agreements. With a low offer price of $283 a square foot, getting to Market Rents can push this deal to a mid 7 CAP or build 29 units on site. Come be at the center of it all, surrounded by casual and fine dining, two blocks to Seoul International Park, less than half a mile / four blocks to the Metro Red Line Subway Station, music, bars, shopping...hard to ask for more!

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-12-04T07:42:15.963. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.trulinerealty.com/homes/106579605
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    848 S Normandie Ave Los Angeles, CA 90005

    • Price: $1,600,000
    • Status: Active
    • Updated: 48 min ago
    • ID#: 20-586674
    12
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    5,660
    SQFT
    $283
    $/SQFT
    1917
    Built
    Neighborhood:
    Koreatown
    County:
    Los Angeles
    Area:
    Mid-Wilshire
    Property Description
    Presented for sale is a 4 Unit Apartment Building with tremendous redevelopment upside! This building features huge 3+1 homes with 4+ parking spaces in the rear. There is currently one vacant unit and a potential to deliver the three other units with cash-for-keys agreements. With a low offer price of $283 a square foot, getting to Market Rents can push this deal to a mid 7 CAP or build 29 units on site. Come be at the center of it all, surrounded by casual and fine dining, two blocks to Seoul International Park, less than half a mile / four blocks to the Metro Red Line Subway Station, music, bars, shopping...hard to ask for more!
    Exterior Features

    Cross Streets James M Wood Blvd. Lot Location City Lot Size Area 6750 Other Structures None Parking Garage Parking Space Total Parking 4

    Interior Features

    Baths Total 4.00 Cooling Other Equipment Other Heating Other

    Property Features

    Gross Income 103092 Gross Operating Income 103092 Land Lease Type Fee Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Net Operating Income 67809.00 Number Of Buildings 1 Number Of Units 4 Owner Pays Water Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Assessor Source Lot Size Dimensions Assessor Total Annual Expense 32190 Type Of Units Flat Units Year Built Source Vendor Enhanced Zoning R4-2 Tier 3

    Listing provided courtesy of Dario Svidler DRE#01884474 of Compass.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-12-04T07:42:15.963. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    TruLine Realty
    8644 Wilshire Blvd. Suite 204
    Beverly Hills CA, 90211