Property listed by Lyon Stahl Investment Real Estate, Inc., Sean Namigohar 310-425-9838
$695,000
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… Read More 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. Read Less
Listing Snapshot
Days Online
60
Last Updated
Property Type
Other
Square Ft.
4,275
Lot Size
0.1 Acres
Year Built
1914
MLS Number
25491009
30 Days Snapshot Of 90037
$683k
-1%
(avg) sold price
4
-33%
homes sold
63
-48%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1914, Building area total: 4,275, Levels: Two, Living area: 4275, 2 stories, 1 building
Cooling
None
Heating
WallFurnace
Income
Gross income: $55,584, Net operating income: $32,033
Lot
0.1005 acres, 4,379 square feet, Size: 4,379
Parking
3 totals parking
Property
Zoning: LAC2
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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