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147 S Normandie Ave
Los Angeles, CA 90004
Multifamily Property For Sale
·
47 Units
Investment Highlights
- The Neema Group of Marcus & Millichap is pleased to present 147 S Normandie Ave, an apartment investment opportunity in the Westlake
- Value add opportunity with over 45% rental upside achievable as units turn
- Central location that is beneficial for residents that commute throughout the city with close proximity to Downtown Los Angeles, Westlake
- The property features a unit mix made up of 48 singles and 1 one-bedroom
- High Walk Score of 87, residents benefit from multiple metro bus line stops along Beverly Blvd and just blocks from the metro rail line
- Ideal rental market that continues to grow, illustrated through the plentiful new developments currently under construction in the area
Property Facts
| No. Units | 47 | Lot Size | 0.19 AC |
| Property Type | Multifamily | Building Size | 22,864 SF |
| Property Subtype | Apartment | No. Stories | 4 |
| Apartment Style | Mid-Rise | Year Built | 1926 |
| Building Class | C | ||
| Zoning | LAR3 | ||
| No. Units | 47 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 22,864 SF |
| No. Stories | 4 |
| Year Built | 1926 |
| Zoning | LAR3 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Oven
- Range
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Tenant Controlled HVAC
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 46 | - | 500 |
| 1+1 | 1 | - | 500 |
Property Taxes
| Parcel Number | 5518-002-009 | Improvements Assessment | $1,563,660 |
| Land Assessment | $5,100,000 | Total Assessment | $6,663,660 |
Property Taxes
Parcel Number
5518-002-009
Land Assessment
$5,100,000
Improvements Assessment
$1,563,660
Total Assessment
$6,663,660
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