837 S NORMANDIE AVE

Estimated Monthly Payment: $16,873/mo 837 S NORMANDIE AVE, Los Angeles, CA 90005 MLS# 18402246 Residential Income Listing Status: Active
16
16
10,252 sqft
15
7
0
0

REMARKS:

We are pleased to present the Normandie Apartments: a 16 unit Multifamily Investment located in Koreatown. The property is a two story, wood frame stucco building built in 1925 and features 16 spacious 1BR+1BA Units. The property is on a 7, 445 SF lot zoned R4. The owners have been meticulous over their renovations to the interior and exterior of the property. Over half of the units have been extensively remodeled with new high gloss laminate flooring, quartz counter tops, glass backsplash, new stainless steel appliances, new paint, recessed lighting, new fixtures, energy efficient LED lighting, and modern cabinets in the kitchens and bathrooms. The common areas were modernized with new tile flooring, new paint, recessed LED lighting, and new paint and fixtures. The property exterior was also updated with a new roof, new paint, and new landscaping. The property presents the opportunity for an investor to purchase an amazing stabilized asset operating at a 4.48% CAP on Current Rents.

OVERVIEW:

18-402246:CLAW
Residential Income
Active
Mid-Wilshire
1925
10252
None
Other
Other

FEATURES:

Other

ROOM INFO:

16
16
16

FINANCIAL:

$3,700,000
$256,727

NEIGHBORHOOD & SCHOOL INFORMATION:

Broker Reciprocity Courtesy of Jonathan Prakash - Keller Williams Silicon Beach

 

01949460 

 

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CARETS, California Real Estate Technology Services, is a consolidated MLS property listing data feed comprised of CLAW (Combined LA/Westside MLS), CRISNet MLS (Southland Regional AOR), i-Tech MLS (Glendale AOR/Pasadena Foothills AOR) and VCRDS (Ventura County Regional Data Share). 

 

Data last updated: 11/14/2018