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254 S Normandie AVE Los Angeles, CA 90004
7 Beds
12 Baths
7,552 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 7,552 sqft
Price per Sqft $291
MLS Listing ID 26919127
Bedrooms 7
HOA Y/N No
Year Built 1957
Lot Size 7,501 Sqft
Property Description
JNM Realty exclusively presents 254 S. Normandie Avenue, a well-maintained 12-unit apartment community featuring an attractive unit mix of five (5) studio units and seven (7) one-bedroom, one-bathroom units. The property offers approximately 33% upside to current rents and more than 130% upside potential among the non-renovated units. Some tenants have expressed interest in relocation, tenants are not to be disturbed or approached by any party. The property has been meticulously maintained throughout the current ownership's tenure of more than 10 years. A detached parking area may also provide additional development potential through constructing accessory dwelling units, buyer to verify. Located near the high-traffic intersection of Normandie Avenue and 3rd Street, the property is within walking distance of neighborhood retail, dining, and multiple Metro bus lines. 254 S. Normandie Avenue presents an exceptional opportunity to acquire a well-located multifamily asset with strong in-place fundamentals and meaningful long-term upside.
Location
State CA
County Los Angeles
Area C17 - Mid-Wilshire
Zoning LAR4
Interior
Heating None
Cooling None
Fireplace No
Exterior
Parking Features Covered, Garage, Tandem
Total Parking Spaces 15
Building
Entry Level Multi/Split
Level or Stories Multi/Split
New Construction No
Others
Senior Community No
Tax ID 5518007022
Special Listing Condition Standard
Listed by Demis Dokhanian JNM Realty, INC. #01940496
The Wilkas Group - Lenore & Alexander Wilkas
Real Estate Advisors License ID: 01343201 & 01355442