REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your advisor will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 799,000
Est. payment /mo
Price Dropped by $50K
4815 S Normandie AVE Los Angeles, CA 90037
5 Beds
4 Baths
2,208 SqFt
UPDATED:
02/11/2025 05:21 PM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,208 sqft
Price per Sqft $361
MLS Listing ID 24394421
Bedrooms 5
HOA Y/N No
Year Built 1953
Lot Size 5,405 Sqft
Property Description
ALL UNITS WILL BE DELIVERED AS VACANT. This 3 UNIT INCOME PROPERTY has lots of potential with today's high yield CAP rate with beneficial Zoning with C2 (Commercial) + Residential MIXED USE ZONING so the buyer may keep the property as it is with higher CAP rate with cash flow or develop a Mixed Use Commercial and Residential income property. Currently the area is developing with new constructions. The house is Just 7-8 minutes to USC, Exposition Park, Swimming Facility, and Stadium. 10 -15 minutes to Downtown Los Angeles and Sofi Olympic Stadium! Current Owner input a lot of improvements on the property with UDU project with new Electric Meters and upgrades, a new staircase. The roof is quite new, new Double Pane Windows, New Bathrooms and lots of improvements! This is a GEM and a MUST SEE PROPERTY!!! 2 RESIDENTIAL UNITS WITH A COMMERCIAL UNIT PROPERTY. BUYER MAY ADD UP 2 ADU units with totaling 1,200 SQF or can make a development project with 14 unit apartment building.
Location
State CA
County Los Angeles
Area C34 - Los Angeles Southwest
Zoning LAC2
Interior
Cooling None
Flooring Laminate
Fireplace No
Exterior
Parking Features Gated
Total Parking Spaces 6
Building
Story 2
Entry Level Two
Architectural Style Colonial
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5016021004
Special Listing Condition Standard
Listed by Thomas Yong Kim • Apple Tree Realty
GET MORE INFORMATION