5150 S Normandie Ave Pending Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90037
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Pending
Purchase Type For Sale
Square Footage 4,275 sqft
Price per Sqft $162
MLS Listing ID 25491009
Year Built 1914
Lot Size 4,379 Sqft
Acres 0.1005
Property Sub-Type Multi-Family
Property Description
150 S. Normandie Avenue in South Los Angeles a mixed-use value-add investment property conveniently located just east of Western Avenue and south of West Vernon Avenue. The corner lot property consists of a strong unit mix of two spacious apartment units of two-bedroom and three-bedroom units, and a large ground floor commercial space. The property also offers of on-site gated parking, which the current ownership has submitted plans to build two additional ADUs on the lot consisting of two-bedroom/two-bathroom units.The offering has an attractive and low price per foot at the asking price of $162 per square foot and offers new ownership a chance to capture significant rental upside with over 42% upside in the rents. The dense, infill location of South LA comes with an easy commute to Downtown Leimert Park, USC, and Mid-City with multiple Metro local lines conveniently nearby the property.
Location
State CA
County Los Angeles
Area Los Angeles Southwest
Zoning LAC2
Rooms
Other Rooms Other
Interior
Heating Wall
Cooling None
Equipment None
Exterior
Parking Features Driveway Gate
Garage Spaces 3.0
Building
Story 2
Level or Stories Two
Others
Special Listing Condition Standard