Multifamily
147 S Normandie Ave
147 S Normandie Ave, Los Angeles, CA 90004
Listing Price: $7,900,000
Investment Overview
Marcus and Millichap is proud to present 147 S Normandie Ave, a 47-unit investment opportunity located in the highly sought-after Koreatown neighborhood of Los Angeles. Located between Beverly Blvd St and 3rd St and just a few blocks away from Vermont/Beverly Metro. This is a value add opportunity with over 45% rental upside achievable as units turn. An additional 37% rental upside can be achieved as units turn. High Walk Score of 87, 147 S Normandie Ave is a walkers paradise with many nearby markets, shops, schools and restaurants. Central location that is beneficial for residents that commute throughout the city with close proximity to Downtown Los Angeles, Westlake, Echo Park, and Silver Lake, walking distance to retail along Beverly Blvd & W 3rd St., as well as the St. Vincent Medical Center. Located in an ideal rental market that continues to grow, illustrated through the plentiful new developments currently under construction in the area such.
147 S Normandie Ave
Investment Highlights
- Marcus & Millichap is pleased to present 147 S Normandie Ave, an apartment investment opportunity in the Westlake neighborhood of Los Angeles located between Beverly Blvd St and 3rd St
- The property features a unit mix made up of 48 singles and 1 one-bedroom
- Value add opportunity with over 45% rental upside achievable as units turn
- High Walk Score of 87, residents benefit from multiple metro bus line stops along Beverly Blvd and just blocks from the metro rail line
- Central location that is beneficial for residents that commute throughout the city with close proximity to Downtown Los Angeles, Westlake, Echo Park, and Silver Lake, walking distance to retail along S Alvarado St as well as the St. Vincent Medical Center to retail along Beverly Blvd & W 3rd St
- Ideal rental market that continues to grow, illustrated through the plentiful new developments currently under construction in the area
Exclusively Listed By
Financing By
Listing Price: $7,900,000
Investment Highlights
- Marcus & Millichap is pleased to present 147 S Normandie Ave, an apartment investment opportunity in the Westlake neighborhood of Los Angeles located between Beverly Blvd St and 3rd St
- The property features a unit mix made up of 48 singles and 1 one-bedroom
- Value add opportunity with over 45% rental upside achievable as units turn
- High Walk Score of 87, residents benefit from multiple metro bus line stops along Beverly Blvd and just blocks from the metro rail line
- Central location that is beneficial for residents that commute throughout the city with close proximity to Downtown Los Angeles, Westlake, Echo Park, and Silver Lake, walking distance to retail along S Alvarado St as well as the St. Vincent Medical Center to retail along Beverly Blvd & W 3rd St
- Ideal rental market that continues to grow, illustrated through the plentiful new developments currently under construction in the area
Investment Overview
Marcus and Millichap is proud to present 147 S Normandie Ave, a 47-unit investment opportunity located in the highly sought-after Koreatown neighborhood of Los Angeles. Located between Beverly Blvd St and 3rd St and just a few blocks away from Vermont/Beverly Metro. This is a value add opportunity with over 45% rental upside achievable as units turn. An additional 37% rental upside can be achieved as units turn. High Walk Score of 87, 147 S Normandie Ave is a walkers paradise with many nearby markets, shops, schools and restaurants. Central location that is beneficial for residents that commute throughout the city with close proximity to Downtown Los Angeles, Westlake, Echo Park, and Silver Lake, walking distance to retail along Beverly Blvd & W 3rd St., as well as the St. Vincent Medical Center. Located in an ideal rental market that continues to grow, illustrated through the plentiful new developments currently under construction in the area such.
Exclusively Listed By
Financing By
