4
See all 4 photos
$695,000
Est. payment /mo
4,275 SqFt
Pending
5150 S Normandie AVE Los Angeles, CA 90037
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Key Details
Property Type Multi-Family
Listing Status Pending
Purchase Type For Sale
Square Footage 4,275 sqft
Price per Sqft $162
MLS Listing ID 25491009
HOA Y/N No
Year Built 1914
Lot Size 4,377 Sqft
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 C34 - Los Angeles Southwest
Zoning LAC2
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Exterior
Total Parking Spaces 3
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5002001006
Special Listing Condition Standard
Listed by Sean Namigohar • Lyon Stahl Investment Real Estate, Inc.