1815 Normandie Ave
Los Angeles, CA 90027
Saxon Parc Apartments - 15.1 GRM · Multifamily Property For Sale
·
15 Units
Property Facts
| No. Units | 15 | Building Size | 11,430 SF |
| Property Type | Multifamily | Average Occupancy | 93% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1959 |
| Building Class | C | Parking Ratio | 1.31/1,000 SF |
| Lot Size | 0.26 AC | ||
| Zoning | LAR3 - Limited Density Multiple Residence | ||
| No. Units | 15 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.26 AC |
| Building Size | 11,430 SF |
| Average Occupancy | 93% |
| No. Stories | 2 |
| Year Built | 1959 |
| Parking Ratio | 1.31/1,000 SF |
| Zoning | LAR3 - Limited Density Multiple Residence |
About 1815 NORMANDIE AVE , LOS ANGELES, CA 90027
Sean Nami, the exclusive listing agent, has been selected to market for sale the Saxon Parc Apartments at 1815 North Normandie Avenue, a fifteen (15) unit building in the highly sought-after Los Feliz Submarket. Positioned north of Hollywood Boulevard and just south of Franklin Avenue, the incredibly coveted location caters to a diverse mix of established young creatives, professionals from the entertainment industry, and families alike, in a very densely populated neighborhood. Built in 1959, the property consists of twelve (12) large one-bedroom/one-bathroom units, two (2) two-bedroom/oneand- half-bathroom units, and a studio unit. Saxon Parc Apartments also consists of a community pool, 23 onsite covered parking spots, and laundry facilities. The 11,430 square foot building has had recent upgrades with updated copper plumbing and an updated roof, but still represents a true value-add opportunity for the new ownership, with significant upside in rents. Saxon Parc Apartment allows an investor to acquire a property in a highly desirable and charming Los Feliz submarket, with an incredible amount of new trendy retail shops and vibrant restaurants within walking distance, all while providing an opportunity to add immense value to the asset as well.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | $1,600 | - |
| 1+1 | 12 | $2,100 | - |
| 2+2 | 2 | $2,700 | - |
Property Taxes
| Parcel Number | 5544-012-008 | Improvements Assessment | $1,336,802 |
| Land Assessment | $2,597,836 | Total Assessment | $3,934,638 |
Property Taxes
