4801 Normandie AveLos Angeles, CA 90037
- Investment properties
- 5,640 SF
Property Details for 4801 Normandie Ave
- Year built
- 1915
- Construction
- WOOD
- Lot size
- 0.13 AC
- Property size (Sq ft)
- 5,640 SF
- Zone code
- LAC2
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 5016-021-001
- APU
- 5016021001
Description
This exceptional mixed-use property at 4801 S Normandie Ave, Los Angeles, CA 90037, presents a compelling value-add investment opportunity. The 5,640 square foot building, constructed in 1915 and situated on a 5,621 square foot lot, boasts five residential units: one 3-bedroom/2-bathroom, two 2-bedroom/2-bathroom, and one 3-bedroom/1-bathroom unit. A church occupies the ground floor on a month-to-month lease. The property includes 10 parking spaces within a gated lot, a significant advantage in this location. Currently operating at 80% occupancy, the property offers a substantial NOI of $85,559 and a pro-forma NOI of $133,738, reflecting a 5.19% current cap rate and a projected 8.11% pro-forma cap rate. Priced at $1,650,000 ($330,000 per unit, $292.55 per square foot, and $294 per square foot of land), this property is zoned LAC2 and offers significant upside potential. One vacant, fully renovated 2-bedroom/2-bathroom unit is ready for immediate occupancy. Preliminary plans for Accessory Dwelling Units (ADUs) are in place, further enhancing the property's long-term value. The property's proximity to USC and Exposition Park, coupled with its excellent walkability and access to public transportation, makes it an attractive investment in a rapidly growing area. A drive-by is recommended
Location Insight
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Latitude
- 33.9999
- Longitude
- -118.301
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].