Log In/Sign Up
Your email has been sent.
OAKWOOD - $150,000 PRICE REDUCTION 400 N Normandie Ave 16 Unit Apartment Building $1,750,000 ($109,375/Unit) 5.58% Cap Rate Los Angeles, CA 90004
INVESTMENT HIGHLIGHTS
- Compelling Value-Add with Average Rents of $1,085 Compared to $1,663 Pro Forma - 53% Upside.
- Convenient Access to Hospital District and 101 Freeway.
- Adjacent to Alexandria Avenue Elementary School.
- Super Bowl, World Cup, and 2028 Olympics to Put Los Angeles on the World Stage.
EXECUTIVE SUMMARY
WDIS, Inc., as the exclusive advisor, is pleased to present Oakwood (the “Property”) for sale a 16-unit, 1920's-character apartment building adjacent to Alexandria Avenue Elementary School, three blocks from 101 Fwy, and 1.5 miles to the hospital district.
Residents of Oakwood benefit from the property's central location, attractive employment base, robust amenities, walkability, and vibrant local culture. The area offers everything from unique coffee shops and popular restaurants to eclectic boutiques and essential service. East Hollywood is home to notable hospital located 1.5 miles from the property where Kaiser Permanente's major medical center has plans of significant expansion over the coming years.
Residents of Oakwood benefit from the property's central location, attractive employment base, robust amenities, walkability, and vibrant local culture. The area offers everything from unique coffee shops and popular restaurants to eclectic boutiques and essential service. East Hollywood is home to notable hospital located 1.5 miles from the property where Kaiser Permanente's major medical center has plans of significant expansion over the coming years.
PROPERTY FACTS
| Price | $1,750,000 | Apartment Style | Low-Rise |
| Price Per Unit | $109,375 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 5.58% | Building Size | 10,120 SF |
| Gross Rent Multiplier | 9.12 | No. Stories | 2 |
| No. Units | 16 | Year Built | 1924 |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Property Subtype | Apartment | ||
| Zoning | LAR3 | ||
| Price | $1,750,000 |
| Price Per Unit | $109,375 |
| Sale Type | Investment |
| Cap Rate | 5.58% |
| Gross Rent Multiplier | 9.12 |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 10,120 SF |
| No. Stories | 2 |
| Year Built | 1924 |
| Opportunity Zone |
Yes |
| Zoning | LAR3 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Ceiling Fans
SITE AMENITIES
- 24 Hour Access
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 15 | - | 540 - 600 |
| 1+1 | 1 | - | 600 |
1 1
Walk Score®
Very Walkable (89)
PROPERTY TAXES
| Parcel Number | 5520-014-019 | Improvements Assessment | $303,498 |
| Land Assessment | $154,683 | Total Assessment | $458,181 |
PROPERTY TAXES
Parcel Number
5520-014-019
Land Assessment
$154,683
Improvements Assessment
$303,498
Total Assessment
$458,181
1 of 4
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
OAKWOOD - $150,000 PRICE REDUCTION | 400 N Normandie Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.