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751 S Normandie Ave
Los Angeles, CA 90005
The Richelieu 56 Units Prime Koreatown · Multifamily Property For Sale
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56 Units
Investment Highlights
- First Time on the Market in Over 30 Years!
- Going Cap Rate of 4% with Major Upside / Pro Forma Cap Rate of 7.26%
- Price Per Foot $269 / Price Per Unit $165K
- Prime Koreatown just south of Wilshire Blvd
- Walk Score of 96
Property Facts
| No. Units | 56 | Lot Size | 0.25 AC |
| Property Type | Multifamily | Building Size | 34,291 SF |
| Property Subtype | Apartment | Average Occupancy | 98% |
| Apartment Style | Mid-Rise | No. Stories | 5 |
| Building Class | C | Year Built | 1928 |
| Zoning | LAR5 | ||
| No. Units | 56 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.25 AC |
| Building Size | 34,291 SF |
| Average Occupancy | 98% |
| No. Stories | 5 |
| Year Built | 1928 |
| Zoning | LAR5 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Site Amenities
- Controlled Access
- Laundry Facilities
- Property Manager on Site
- Gated
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 47 | $1,375 | 300 - 500 |
| 1+1 | 6 | $1,600 | 650 |
| 2+1 | 3 | $2,150 | 800 |
Property Taxes
| Parcel Number | 5094-004-002 | Improvements Assessment | $2,078,375 |
| Land Assessment | $6,894,985 | Total Assessment | $8,973,360 |
Property Taxes
Parcel Number
5094-004-002
Land Assessment
$6,894,985
Improvements Assessment
$2,078,375
Total Assessment
$8,973,360
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