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1110 S Normandie Ave 8 Unit Apartment Building $1,450,000 ($181,250/Unit) Los Angeles, CA 90006
Investment Highlights
- Central Koreatown location
- Future redevelopment potential (R4-1a Zoning)
Executive Summary
This Property presents an excellent investment opportunity in the dynamic Pico-Union neighborhood. Built in the 1920s, the structure offers approximately 6,460 sf of living space situated on a 5,906 sf lot and consists of eight units. Six of the units are one-bedroom/one bathroom, and two of the units are two-bedroom, one-bathroom apartments, which include on-site laundry facilities.
Current rents are below market value, and with strategic renovations, upgrades, and professional management, the new ownership can increase rental income and value.
Residents enjoy a convenient urban lifestyle due to the property’s proximity to Koreatown, an area renowned for its diverse dining, walkability, entertainment options, and access to public transit access, that blends historic charm with modern conveniences.
This investment opportunity is ideally positioned and located in an area experiencing ongoing new developments, presenting a compelling investment for steady cash flow and long-term value appreciation.
Please contact Lauren Mara at 310.402.4180 with any questions or to discuss.
DO NOT DISTURB TENANTS!
Best regards,Lauren
Current rents are below market value, and with strategic renovations, upgrades, and professional management, the new ownership can increase rental income and value.
Residents enjoy a convenient urban lifestyle due to the property’s proximity to Koreatown, an area renowned for its diverse dining, walkability, entertainment options, and access to public transit access, that blends historic charm with modern conveniences.
This investment opportunity is ideally positioned and located in an area experiencing ongoing new developments, presenting a compelling investment for steady cash flow and long-term value appreciation.
Please contact Lauren Mara at 310.402.4180 with any questions or to discuss.
DO NOT DISTURB TENANTS!
Best regards,Lauren
Property Facts
| Price | $1,450,000 | Building Class | C |
| Price Per Unit | $181,250 | Lot Size | 0.13 AC |
| Sale Type | Investment | Building Size | 6,480 SF |
| No. Units | 8 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1929 |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | LAR4 - High-Density, Multi-Family Residential Zone Allowing for Apartment Buildings and Medium-to-High Density Housing, Including Single-Family, Duplexes, and Townhouses. | ||
| Price | $1,450,000 |
| Price Per Unit | $181,250 |
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 6,480 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1929 |
| Opportunity Zone |
Yes |
| Zoning | LAR4 - High-Density, Multi-Family Residential Zone Allowing for Apartment Buildings and Medium-to-High Density Housing, Including Single-Family, Duplexes, and Townhouses. |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 2 | - | - |
| 1+1 | 6 | - | - |
1 1
Very walkable
80/100
Exceptionally drivable
90/100
Strong public transit
80/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 5078-020-024 | Improvements Assessment | $255,563 |
| Land Assessment | $221,584 | Total Assessment | $477,147 |
Property Taxes
Parcel Number
5078-020-024
Land Assessment
$221,584
Improvements Assessment
$255,563
Total Assessment
$477,147
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1110 S Normandie Ave
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