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Multifamily

731 N Normandie Ave

731 N Normandie Ave, Los Angeles, CA 90029

Listing Price: $1,000,000

Cap Rate
5.97%
GRM
11.42

Investment Overview

Ringer Group at Marcus & Millichap in partnership with Maher Commercial Realty is pleased to exclusively present for purchase a three-unit apartment building located at 731 N Normandie Ave. This offering consists of two structures boasting approximately 1,865 square feet of improvements on a 6,602 square feet lot zonedLARD1.5.

The subject property has been constructed in 1912 and has two spacious one-bedroom one-bathroom units and one two-bedroom one-bathroom unit. Tenants in this neighborhood enjoy the proximity to major schools and employers: Los Angeles City College, Paramount Studios, Children’s Hospital Los Angeles, to name a few. Additionally, this investment opportunity offers quick access to Highway 101 and transportation routes such as the Metro Red and Purple lines. Residents can easily commute to highly sought-after neighboring communities including Hollywood, Los Feliz, Silver Lake, Echo Park and Koreatown.

This opportunity will allow savvy investors to capitalize on existing cashflow and possibly pursue a redevelopment plan in the future.

Investment Highlights

  • Significant Value Add Opportunity
  • Redevelopment/ADU Potential
  • Rapidly Gentrifying Neighborhood

Exclusively Listed By

Financing By

Multifamily

731 N Normandie Ave

Investment Highlights

  • Significant Value Add Opportunity
  • Redevelopment/ADU Potential
  • Rapidly Gentrifying Neighborhood

Investment Overview

Ringer Group at Marcus & Millichap in partnership with Maher Commercial Realty is pleased to exclusively present for purchase a three-unit apartment building located at 731 N Normandie Ave. This offering consists of two structures boasting approximately 1,865 square feet of improvements on a 6,602 square feet lot zonedLARD1.5. The subject property has been constructed in 1912 and has two spacious one-bedroom one-bathroom units and one two-bedroom one-bathroom unit. Tenants in this neighborhood enjoy the proximity to major schools and employers: Los Angeles City College, Paramount Studios, Children’s Hospital Los Angeles, to name a few. Additionally, this investment opportunity offers quick access to Highway 101 and transportation routes such as the Metro Red and Purple lines. Residents can easily commute to highly sought-after neighboring communities including Hollywood, Los Feliz, Silver Lake, Echo Park and Koreatown. This opportunity will allow savvy investors to capitalize on existing cashflow and possibly pursue a redevelopment plan in the future.

Exclusively Listed By

Financing By

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