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$ 2,200,000
Est. payment | /mo
7,552 SqFt
$ 2,200,000
Est. payment | /mo
7,552 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 7,552 sqft
Price per Sqft $291
MLS Listing ID CL26919127
HOA Y/N No
Year Built 1957
Lot Size 7,503 Sqft
Acres 0.1722
Property Sub-Type Other
Property Description
JNM Realty exclusively presents 254 S. Normandie Avenue, a well-maintained 12-unit apartment community featuring an attractive unit mix of five (5) studio units and seven (7) one-bedroom, one-bathroom units. The property offers approximately 33% upside to current rents and more than 130% upside potential among the non-renovated units. Some tenants have expressed interest in relocation, tenants are not to be disturbed or approached by any party. The property has been meticulously maintained throughout the current ownership's tenure of more than 10 years. A detached parking area may also provide additional development potential through constructing accessory dwelling units, buyer to verify. Located near the high-traffic intersection of Normandie Avenue and 3rd Street, the property is within walking distance of neighborhood retail, dining, and multiple Metro bus lines. 254 S. Normandie Avenue presents an exceptional opportunity to acquire a well-located multifamily asset with strong in-place fundamentals and meaningful long-term upside.
Location
State CA
County Los Angeles
Zoning LAR4
Interior
Heating None
Cooling None
Fireplace No
Building
New Construction No
Others
Tax ID 5518007022
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Listed by Demis Dokhanian • JNM Realty, INC.
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