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715 S Normandie Ave
Los Angeles, CA 90005
The Langham · Multifamily Property For Sale
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181 Units
Investment Highlights
- This Iconic, architecturally significant 181-unit value add opportunity in the heart of Koreatown offers strong cash flow & upside potential.
- Includes a vacant expansive 5-bedroom, 6-bath penthouse with panoramic views of the Los Angeles skyline, where many movies and shows are filmed.
- Offers one of the world’s 1st rooftop pools, a rooftop deck, a fitness room, a newly designed lounge and game room, a stunning grand lobby, & more.
- Substantial renovations are completed, with opportunity to increase income through further unit improvements, common area enhancements, and RUBS.
- The communities’ desirable unit mix includes (27) efficiency units, (102) studios, (44) 1+1, (7) 2+1, and a luxurious 5-bedroom, 6-bath penthouse.
- The property’s iconic status is highlighted by appearances in various films and television shows.
Property Facts
| No. Units | 181 | Lot Size | 0.63 AC |
| Property Type | Multifamily | Building Size | 132,210 SF |
| Property Subtype | Apartment | Average Occupancy | 98% |
| Apartment Style | Mid-Rise | No. Stories | 7 |
| Building Class | C | Year Built/Renovated | 1927/2014 |
| Zoning | LAR5 | ||
| No. Units | 181 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.63 AC |
| Building Size | 132,210 SF |
| Average Occupancy | 98% |
| No. Stories | 7 |
| Year Built/Renovated | 1927/2014 |
| Zoning | LAR5 |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Microwave
- Heating
- Ceiling Fans
- Kitchen
- Refrigerator
- Oven
- Sprinkler System
- Range
- Tub/Shower
- Walk-In Closets
- Dining Room
- Window Coverings
Site Amenities
- Controlled Access
- Fitness Center
- Property Manager on Site
- Package Service
- Vintage Building
- Elevator
- Sundeck
- Smoke Detector
Property Taxes
| Parcel Number | 5094-004-007 | Improvements Assessment | $4,752,233 |
| Land Assessment | $1,079,080 | Total Assessment | $5,831,313 |
Property Taxes
Parcel Number
5094-004-007
Land Assessment
$1,079,080
Improvements Assessment
$4,752,233
Total Assessment
$5,831,313
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