3415 S Normandie Ave | Los Angeles, CA 90007
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- LoopNet Team
3415 S Normandie Ave
Los Angeles, CA 90007
Multifamily Property For Sale · 15 Units
INVESTMENT HIGHLIGHTS
- The Neema Group of Marcus & Millichap is pleased to present a mixeduse investment opportunity at 3415 Normandie Ave in Exposition Park
- The unit mix consists of seven singles, four one-bedrooms, four two-bedrooms, and three retail spaces;
- True value add opportunity with a projected 6.98% CAP rate at the asking price once current vacancies are rented
- The property features four structures on two parcels totaling 15 apartment units and three retail spaces
- Six units will be delivered vacant at the close of escrow, allowing an investor to renovate and achieve market rents immediately
- Additional 25% rental upside achievable as additional units turn
PROPERTY FACTS
| No. Units | 15 | Lot Size | 0.28 AC |
| Property Type | Multifamily | Building Size | 10,227 SF |
| Property Subtype | No. Stories | 2 | |
| Apartment Style | Garden | Year Built | 1924 |
| Building Class | C |
| No. Units | 15 |
| Property Type | Multifamily |
| Property Subtype | |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.28 AC |
| Building Size | 10,227 SF |
| No. Stories | 2 |
| Year Built | 1924 |
SITE AMENITIES
- Laundry Facilities
- On-Site Retail
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $315,012 | |
| Land Assessment | $653,866 | Total Assessment | $968,877 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$653,866
Improvements Assessment
$315,012
Total Assessment
$968,877
ZONING
| Zoning Code | C2 (Commercial) |
| C2 (Commercial) |
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