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$ 1,950,000
Est. payment | /mo
7,481 SqFt
$ 1,950,000
Est. payment | /mo
7,481 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Pending
Purchase Type For Sale
Square Footage 7,481 sqft
Price per Sqft $260
MLS Listing ID CL26835655
HOA Y/N No
Year Built 1955
Lot Size 7,509 Sqft
Acres 0.1724
Property Sub-Type Other
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
Zoning LAR4
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Building
New Construction No
Others
Tax ID 5502017003
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Listed by Christian Santiago • Moradian Enterprises, Inc.
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