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11700 S Normandie Avenue
USD 1,550,000
Property ID: PV23139321
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11700 S Normandie Avenue ,90044
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icon 8110 SqFt
icon Built in 1960
icon USD 191/SqFt
icon 0 Bed
icon 0 Full
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Location Street View
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Interior Details
Bedrooms
0
Bathrooms
0
Interior Size
3648
Construction Details
Property Type --
Property Condition --
Architectural Style --
New Construction --
Year Built 1960
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Detailed Introduction Of This Home
This 6-unit multifamily investment opportunity presents a well-maintained property in a strategic location, fully occupied with stable rental income. The potential to add ADU units and its positioning in a Qualified Opportunity Zone make it an enticing prospect for investors seeking long-term growth and tax advantages. LOCATION: 11700 S Normandie Ave, Los Angeles, CA 90044, conveniently near the 105 Freeway. PROPERTY FEATURES: Well-maintained building with a new roof (replaced in 2023), new gate, and fresh paint. PROPERTY SIZE: The building spans 3,648 Sq.Ft. on an 8,112 Sq. Ft. lot. UNIT MIX: Attractive unit mix consisting of all 2 Bed/1 Bath units. OCCUPANCY: Currently 100% occupied with stable income from five units leased to Section 8 tenants. VALUE-ADD POTENTIAL: Opportunity to add two 2 Bed/2 Bath ADU units, generating an estimated $50,000 of additional rental income annually and increasing property value by nearly $600,000. Located in LAs Qualified Opportunity Zone, offering potential investors the possibility to potentially avoid all capital gains taxes on the exit after substantial renovation and a 10-year hold.
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Cissy Tang
TEL: (+1)626 9868**** icon
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Contact Development/Agent
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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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11700 S Normandie Avenue
USD 1,550,000 0 Beds
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