Los Angeles, CA 90037,5150 S Normandie Ave
Los Angeles, CA 90037,5150 S Normandie Ave
Los Angeles, CA 90037,5150 S Normandie Ave
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$695,000
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4,275 SqFt
Pending

5150 S Normandie Ave Los Angeles, CA 90037

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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


TheMLS (CLAW)
Listed by Lyon Stahl Investment Real Estate, Inc.

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agent

Joshua Shorter

RE.S.0191694

+1(702) 728-0089

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5150 S Normandie Ave