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837 S Normandie Avenue
USD 3,300,000
Property ID: 24347971
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837 S Normandie Avenue ,90005
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icon 7448 SqFt
icon Built in 1925
icon USD 443/SqFt
icon 16 Beds
icon 16 Full
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Location Street View
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Interior Details
Bedrooms
16
Bathrooms
16
Interior Size
10252
Construction Details
Property Type --
Property Condition --
Architectural Style --
New Construction --
Year Built 1925
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Detailed Introduction Of This Home
We are delighted to introduce this 16 unit offering, located in the highly sought-after Koreatown neighborhood. This property boasts an impressive unit mix, including (16) 1 Bed/1 Bath units. The apartment building, comprised of 10,252 square foot in improvements, sits on a 7,446 square foot lot zoneLAR4 and was built in 1925.The building is well-maintained and does not require a soft-story parking retrofit. The property offers significant upside potential in terms of rental income, with the possibility to increase rents by up to 31%. In addition to the remaining rental upside, there is great Year One Cash Flow at 6.65%.Residents benefit from the central Koreatown location that has continued to experience tremendous growth with new shops, dining, and entertainment venues within a 0.5 mile walking distance to Wilshire Boulevard. The property has a Walk Score of 94, and benefits from its proximity to the Retail and Restaurants of W 8th Street and Irolo Street. Importantly, the South Normandie Ave apartments are in very close proximity to major employment hubs such as Koreatown, Downtown, and Mid-City.
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Contact Development/Agent
Cissy Tang
TEL: (+1)626 9868**** icon
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Contact Development/Agent
icon
Cissy Tang
(+1)626 9868**** icon
Please enter your nationality
+87
Cannot be empty
Email address is invalid Email address not authenticated!
Cissy Tang
(+1)626 9868**** icon
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Photos (14)
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837 S Normandie Avenue
USD 3,300,000 16 Beds
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