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222-224 S Normandie Ave
Los Angeles, CA 90004
Multifamily Property For Sale
·
16 Units


Investment Highlights
- Ultra-high demand Mid-Wilshire market with 51%+ rental upside potential @ exceptional $137K/Door and $298/Sqft and well-parked
- 13 on-site parking spaces
- Exceptional Walk Score of 91, a true “Walker’s Paradise” with dining, shopping, and daily errands just steps away
- Well-Maintained Mid-Century Buildings with French Château–Inspired Design
- 16 studios
Executive Summary
The Kanner Group is pleased to present 222-224 S Normandie Avenue — a rare 16-unit apartment building located on a serene, tree-lined street in the highly sought-after Koreatown/Mid-Wilshire neighborhood of historic Los Angeles, just east of Western Avenue and north of 3rd Street. Built in 1955, the building has a total of 16 units, offering an ideal mix of 16 single units averaging approximately 450 SF. The building provides 7,376 gross square feet of living space across 7,524 square feet of LAR4-1-zoned land, with 13 parking spaces serving the residents. The units feature bright, airy interiors with wide-plank wood-style flooring that flows seamlessly through living areas, bedrooms, and kitchens, creating a warm and contemporary feel. Exposed ceiling beams add architectural character, while large picture windows with vertical blinds flood each space with natural light. Kitchens have been thoughtfully upgraded with rich cabinetry, quartz-style countertops, modern stainless-steel ranges, and vent hoods. Bathrooms feature contemporary vanities, updated fixtures, and glass-enclosed tub/shower combinations. Ample closet space—including sliding-door wardrobes and walk-in closets in select units—provides excellent storage. Classic wall-mounted gas heaters maintain the building’s mid-century charm while complementing the fresh renovations for a move-in-ready experience. With a Walk Score of 90, proximity to the 101, 2, 10, and 110 freeways, and just one mile from the Wilshire/Vermont Metro B (Red) and D (Purple) Line station, residents enjoy effortless connectivity to the countless shopping, dining, entertainment, and cultural destinations of Koreatown, Westlake, Mid-Wilshire, Hollywood, revitalized Downtown Los Angeles, and beyond. 222-224 S Normandie Avenue represents an exceptional opportunity for an investor to implement a value-add strategy or thoughtfully add a value plan as units become available.
Property Facts
| Price Per Unit | $137,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 5.73% | Building Size | 7,376 SF |
| Gross Rent Multiplier | 9.78 | No. Stories | 2 |
| No. Units | 16 | Year Built | 1955 |
| Property Type | Multifamily | Parking Ratio | 1.76/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | R4-2, Los Angeles | ||
| Price Per Unit | $137,500 |
| Sale Type | Investment |
| Cap Rate | 5.73% |
| Gross Rent Multiplier | 9.78 |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 7,376 SF |
| No. Stories | 2 |
| Year Built | 1955 |
| Parking Ratio | 1.76/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R4-2, Los Angeles |
Amenities
Unit Amenities
- Storage Space
- Kitchen
- Oven
- Range
- Tub/Shower
- Vinyl Flooring
Site Amenities
- Laundry Facilities
- Security System
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 16 | - | 450 |
Property Taxes
| Parcel Number | 5518-007-016 | Improvements Assessment | $480,737 |
| Land Assessment | $1,201,846 | Total Assessment | $1,682,583 |
Property Taxes
Parcel Number
5518-007-016
Land Assessment
$1,201,846
Improvements Assessment
$480,737
Total Assessment
$1,682,583
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