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Multifamily

147 S Normandie Ave

147 S Normandie Ave, Los Angeles, CA 90004

Listing Price: $5,875,000

Cap Rate
5.52%
Number of Units
47
GRM
9.10
Price/Unit
$125,000
Price/Gross SF
$256.95
Gross SF
22,864

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 26% rental upside achievable 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.

The subject property is being sold by way of Receivership. The sale will be subject to a court confirmation overbid hearing. Please contact the agents for additional details.

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 47 singles
  • Value add opportunity with over 26% 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

Multifamily

147 S Normandie Ave

Listing Price: $5,875,000

Cap Rate
5.52%
Number of Units
47
GRM
9.10
Price/Unit
$125,000
Price/Gross SF
$256.95
Gross SF
22,864

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 47 singles
  • Value add opportunity with over 26% 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 26% rental upside achievable 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. The subject property is being sold by way of Receivership. The sale will be subject to a court confirmation overbid hearing. Please contact the agents for additional details.

Exclusively Listed By

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