837 S NORMANDIE Avenue Los Angeles, CA, 90005
$ 3,500,000Bedrooms Baths0.0
for $3,500,000. This home was built in 1925 on a lot size of 0.1709 Acre(s).
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 4.48% CAP on Current Rents.
Interior* Excluded Features
Building Amenities Laundry
Cooling System Other
List By Keller Williams Silicon Beach
- Monthly Principal & Interest
- Monthly Property Taxes
- Monthly Home Insurance
Default based on a 30-year fixed rate of 4.125% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Single family listings in Los Angeles, CA
Average List Price $2,630,048
Percent of Sale Price 25 %
About Los Angeles, CA
6 % Since 2002
$ 52,600 Median Income
35.79 Median Age
29 % Households with Children
|1/18/2019||$3,500,000|| -5.41 %|| Price Down|
|10/30/2018||$3,700,000|| ||Listed Price|