541 S Normandie Avenue, Los Angeles, CA 90020
- $1,950,000
- 8
- BD
- 12
- BA
- 7,481
- SqFt
Listing courtesy of Listing Agent: Christian Santiago (Christian@resantiago.net) from Listing Office: Moradian Enterprises, Inc..
- List Price
- $1,950,000
- Status
- ACTIVE UNDER CONTRACT
- Days on Market
- 82
- MLS#
- 26835655
- Subtype
- Residential Income
- Year Built
- 1955
- Bedrooms
- 8
- Bathrooms
- 12
- Living Area
- 7,481
- Lot Size
- 7,509
- Acres
- 0.17
- MLS Area Major
- Mid-Wilshire (C17)
Property Description
Excellent 12-unit investment opportunity located in the highly desirable Mid-Wilshire/Koreatown area of Los Angeles. 541 S Normandie Ave offers strong current income with significant rental upside potential. The property consists of a unit mix of eight 1-bedroom/1-bath units and four studio units situated on a 7,509 SF lot with LAR4 zoning. Seismic retrofit has already been completed, adding substantial value and reducing future capital expenditure concerns. Property also includes plans for additional ADU units, creating a rare opportunity for increased density and future income growth. Seller may offer favorable seller financing terms with as little as 25% down, featuring a 10-year interest-only note with no prepayment penalty. Centrally located near Wilshire Blvd, dining, shopping, public transit, and major employment centers. Excellent opportunity for investors seeking cash flow with long-term appreciation potential.
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Additional Information
- Zoning
- LAR4
- Heating
- Wall Furnace
- Stories
- Multi Level
- Levels
- Multi/Split
- Parking Features
- Assigned, Driveway
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.