541 S Normandie Ave, Los Angeles, CA 90020
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541 S Normandie Ave, Los Angeles, CA 90020
541 S Normandie Ave, Los Angeles, CA 90020
541 S Normandie Ave, Los Angeles, CA 90020
541 S Normandie Ave, Los Angeles, CA 90020
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Cristian Farias

Cristian Farias

Engel & Völkers

+1(619) 808-6567
$ 1,950,000
Est. payment /mo
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541 S Normandie Ave Los Angeles, CA 90020

8 Beds

12 Baths

7,481 SqFt


UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 7,481 sqft

Price per Sqft $260

MLS Listing ID 26835655

Bedrooms 8

Year Built 1955

Lot Size 7,509 Sqft

Acres 0.1724

Property Sub-Type Multi-Family

Property Description

Excellent 12-unit investment opportunity located in the highly desirable Mid-Wilshire/Koreatown area of Los Angeles. 541 S Normandie Ave offers strong current income with significant rental upside potential. The property consists of a unit mix of eight 1-bedroom/1-bath units and four studio units situated on a 7,509 SF lot with LAR4 zoning. Seismic retrofit has already been completed, adding substantial value and reducing future capital expenditure concerns. Property also includes plans for additional ADU units, creating a rare opportunity for increased density and future income growth. Seller may offer favorable seller financing terms with as little as 25% down, featuring a 10-year interest-only note with no prepayment penalty. Centrally located near Wilshire Blvd, dining, shopping, public transit, and major employment centers. Excellent opportunity for investors seeking cash flow with long-term appreciation potential.

Location

State CA

County Los Angeles

Area Mid-Wilshire

Zoning LAR4

Rooms

Other Rooms Stall(s)

Interior

Heating Wall

Cooling None

Equipment None

Exterior

Parking Features Driveway, Assigned

Building

Story 2

Level or Stories Multi/Split

Others

Special Listing Condition Standard


TheMLS (CLAW)
Listed by Moradian Enterprises, Inc.
Cristian Farias

Cristian Farias

Advisor

+1(619) 808-6567

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541 S Normandie Ave