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955 S Normandie Ave 3 Unit Apartment Building $1,100,000 ($366,667/Unit) 4.54% Cap Rate Los Angeles, CA 90029
Executive Summary
Prime LAR3-zoned triplex opportunity in the heart of Los Angeles! Situated on an expansive 9,000+ sq ft lot, this versatile income property offers
three separate units with strong rental potential and long-term development upside. The front residence (955) is a charming 3-bedroom, 2-bath
single-family home featuring classic character and excellent owner-user appeal. At the rear, a duplex (957 & 959) consists of two 1-bedroom units,
each with a loft that may function as a second bedroom or office, enhancing rental flexibility and income potential. Each unit benefits from
detached garage space, with additional garage rental income currently in place. The generous LAR3 zoning provides significant redevelopment
possibilities for investors seeking to maximize density (buyer to verify with city). Ideal for investors, developers, or owner-occupants looking to
live in one unit while generating income from the others. Located in a high-demand rental corridor with convenient access to major transportation
routes, employment centers, shopping, and dining. A rare chance to secure a multi-unit property with immediate cash flow and future upside in a
rapidly appreciating Los Angeles neighborhood.
three separate units with strong rental potential and long-term development upside. The front residence (955) is a charming 3-bedroom, 2-bath
single-family home featuring classic character and excellent owner-user appeal. At the rear, a duplex (957 & 959) consists of two 1-bedroom units,
each with a loft that may function as a second bedroom or office, enhancing rental flexibility and income potential. Each unit benefits from
detached garage space, with additional garage rental income currently in place. The generous LAR3 zoning provides significant redevelopment
possibilities for investors seeking to maximize density (buyer to verify with city). Ideal for investors, developers, or owner-occupants looking to
live in one unit while generating income from the others. Located in a high-demand rental corridor with convenient access to major transportation
routes, employment centers, shopping, and dining. A rare chance to secure a multi-unit property with immediate cash flow and future upside in a
rapidly appreciating Los Angeles neighborhood.
Property Facts
| Price | $1,100,000 | Apartment Style | Low-Rise |
| Price Per Unit | $366,667 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.21 AC |
| Cap Rate | 4.54% | Building Size | 3,020 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| No. Units | 3 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1914 |
| Property Subtype | Apartment | ||
| Zoning | LAR3 - Multiple Dwelling R2 Uses, Apartment Houses, Multiple Dwellings, Child Care (20 max) | ||
| Price | $1,100,000 |
| Price Per Unit | $366,667 |
| Sale Type | Investment |
| Cap Rate | 4.54% |
| Sale Condition | 1031 Exchange |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 3,020 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1914 |
| Zoning | LAR3 - Multiple Dwelling R2 Uses, Apartment Houses, Multiple Dwellings, Child Care (20 max) |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 4+2 | 1 | - | - |
| 1+1 | 2 | - | - |
1 1
Very walkable
80/100
Very drivable
80/100
Good public transit
70/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 5537-025-004 | Improvements Assessment | $382,913 |
| Land Assessment | $943,285 | Total Assessment | $1,326,198 |
Property Taxes
Parcel Number
5537-025-004
Land Assessment
$943,285
Improvements Assessment
$382,913
Total Assessment
$1,326,198
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955 S Normandie Ave
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