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259 S Normandie Ave
Los Angeles, CA 90004

12 Units Value-Add in Koreatown · Multifamily Property For Sale · 12 Units

Investment Highlights

  • Residents are Within Close Proximity to Popular Local Amenities Such as The LINE Hotel, Chapman Plaza, City Center on 6th and More
  • The Government Required Seismic Retrofit Work has Already Been Completed by Current Ownership
  • Approximately 69% Rental Upside Through Interior and Exterior Renovations
  • 259 South Normandie Offers a Low Entry Point to Acquire a Well Located Koreatown Building

PROPERTY FACTS

No. Units 12
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.18 AC
Building Size 7,638 SF
Average Occupancy 100%
No. Stories 2
Year Built 1958
Parking Ratio 1.83/1,000 SF

Site Amenities

  • Laundry Facilities

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
Studios 4 - 533
1+1 6 - 708
2+2 2 - -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
5518-001-012
Land Assessment
$2,300,085
Improvements Assessment
$713,817
Total Assessment
$3,013,902

zoning

Zoning Code LAR3
LAR3
  • Listing ID: 24935537

  • Date on Market: 2022-01-28

  • Last Updated:

  • Address: 259 S Normandie Ave, Los Angeles, CA 90004

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