11100 S Normandie Ave Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90044
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,847 sqft
Price per Sqft $368
MLS Listing ID 25570667
Bedrooms 7
Year Built 1949
Lot Size 9,000 Sqft
Acres 0.2066
Property Sub-Type Multi-Family
Property Description
Unlock the potential of this exceptional 3-unit property situated on a spacious 9,000 sq. ft. lot, offering both immediate income and future development opportunities. Potential buyers can enjoy a 7%+ CAP. rate currently exceeding the average, which is usually below 5%. R3 Zoning is located in a prime area, and this property offers direct access to Sofi Stadium, Intuit Dome, shopping centers, schools, grocery stores, and more. A rare investment opportunity with strong growth potential This well-maintained multifamily asset features a desirable unit mix:One-4bed, 2-bath unit, One 2-bed, 2-bath unit, One 1-bed, 1-bath unit. Each unit comes equipped with in-unit washer/dryer hookups, enhancing tenant convenience and rental appeal. The expansive backyard presents an incredible value-add opportunity build an additional 2-unit structure or a spacious ADU for increased rental income. Additionally, rents are currently below market value, offering significant upside potential for investors looking to maximize cash flow. The owners have drawings for proposed plans which they are willing to share with the new owner. Located in a prime area, this property offers direct access to Sofi Stadium, Intuit Dome, shopping centers, schools, grocery stores, and more. A rare investment opportunity with strong growth potential. Property is tenant-occupied please do not disturb tenants.
Location
State CA
County Los Angeles
Area Metropolitan Southwest
Zoning LCR320U*
Rooms
Other Rooms None
Interior
Heating Natural Gas, Wall
Cooling None
Equipment Other
Exterior
Parking Features Driveway
Building
Level or Stories One
Others
Special Listing Condition Standard