837 S Normandie Ave Los Angeles, CA 90005

• May, 2024

• May 8, 2024

  Date

  Expired

  CRMLS: 24347971

  $3,300,000

  Price

• Jan 16, 2024

  Date

  Active

  CRMLS: 24347971

  $3,300,000

  Price

• Listing provided courtesy of CRMLS

  We are delighted to introduce this 16 unit offering, located in the highly sought-after Koreatown neighborhood. This property boasts an impressive unit mix, including (16) 1 Bed/1 Bath units. The apartment building, comprised of 10,252 square foot in improvements, sits on a 7,446 square foot lot zoneLAR4 and was built in 1925.The building is well-maintained and does not require a soft-story parking retrofit. The property offers significant upside potential in terms of rental income, with the possibility to increase rents by up to 31%. In addition to the remaining rental upside, there is great Year One Cash Flow at 6.65%.Residents benefit from the central Koreatown location that has continued to experience tremendous growth with new shops, dining, and entertainment venues within a 0.5 mile walking distance to Wilshire Boulevard. The property has a Walk Score of 94, and benefits from its proximity to the Retail and Restaurants of W 8th Street and Irolo Street. Importantly, the South Normandie Ave apartments are in very close proximity to major employment hubs such as Koreatown, Downtown, and Mid-City.

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• January, 2020

• Jan 3, 2020

  Date

  Sold (Public Records)

  Public Records

  --

  Price

• November, 2019

• Nov 15, 2019

  Date

  Sold (Public Records)

  Public Records

  $3,120,000

  Price

• November, 2019

• Nov 7, 2019

  Date

  Expired

  CRMLS: 19474202

  $3,300,000

  Price

• Oct 31, 2019

  Date

  Withdrawn

  CRMLS: 19474202

  $3,300,000

  Price

• Jun 5, 2019

  Date

  Active

  CRMLS: 19474202

  $3,300,000

  Price

• Listing provided courtesy of CRMLS

  837 S. Normandie Avenue, a 16-unit multifamily building located in Koreatown, a highly desirable submarket of Los Angeles. The Property is a well-maintained, two-story building with a wood-frame stucco structure and 10,252 square feet of living space, featuring 16 spacious 1+1 units. The Property has undergone both exterior and interior renovations. 9 out of the 16 units have been extensively renovated with high-end finishes which include new stainless-steel appliances, laminate and tile flooring, new kitchen cabinets and tile backsplashes, new fixtures, new paint, new base moldings, and energy efficient LED lighting. Through a complete interior renovation program, an investor will have the opportunity to capitalize on the remaining rental upside. The Property is individually metered for electricity and exterior upgrades include a new roof, new exterior paint, renovated common areas, and new drought resistant landscaping.

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• May, 2019

• May 2, 2019

  Date

  Canceled

  CRMLS: 18402246

  $3,395,000

  Price

• Mar 19, 2019

  Date

  Price Change

  CRMLS: 18402246

  $3,395,000

  Price

• Jan 17, 2019

  Date

  Price Change

  CRMLS: 18402246

  $3,500,000

  Price

• Oct 30, 2018

  Date

  Active

  CRMLS: 18402246

  $3,700,000

  Price

• Listing provided courtesy of CRMLS

  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 4.68% CAP on Current Rents.

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• April, 2017

• Apr 17, 2017

  Date

  Canceled

  CRMLS: 16176256

  $3,700,000

  Price

• Nov 2, 2016

  Date

  Active

  CRMLS: 16176256

  $3,700,000

  Price

• Listing provided courtesy of CRMLS

  We are pleased to present the Normandie Apartments located at 837 S Normandie Ave. The subject property is a sixteen (16) unit multifamily investment opportunity located in Koreatown, a high rental demand sub-market in the city of Los Angeles. This two story, wood frame stucco building was constructed in 1925 and consists of 10,252 SF of living area. The property features sixteen (16) spacious one bedroom/onebath units and is situated on a 7,445 SF lot zoned R-4.The owners of 837 S Normandie Ave have been meticulous over their renovations to the interior and exterior of the property. Over half of theunits 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 property's commonareas were modernized with new tile flooring, new paint, recessed LED lighting, and new

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