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3415 S Normandie Avenue
USD 2,300,000
Property ID: 24463391
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3415 S Normandie Avenue ,90007
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icon 11421 SqFt
icon Built in 1924
icon USD 201/SqFt
icon 13 Beds
icon 13 Full
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Location Street View
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Interior Details
Bedrooms
13
Bathrooms
13
Interior Size
7227
Construction Details
Property Type --
Property Condition --
Architectural Style --
New Construction --
Year Built 1924
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Detailed Introduction Of This Home
We are pleased to present a mixed-use investment opportunity located at 3415 Normandie Ave in the Exposition Park neighborhood of Los Angeles, located on the corner of Normandie Ave & W 35th St and a half mile from the University of Southern California. The property features four structures on two parcels totaling 15 apartment units and three retail spaces; the unit mix consists of seven singles, four one-bedrooms, four two bedrooms, 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. True value add opportunity with a projected 6.98% CAP rate at the asking price once current vacancies are rented; additional 25% rental upside achievable as additional units turn. Separately metered for gas & electric; there is a community laundry room on-site for additional income. Located in a dense, infill location of Los Angeles with an easy commute to USC, Downtown and Mid-City; walking distance to multiple Metro local lines on W Jefferson Blvd & Normandie Ave and less than a mile from the Metro Expo Rail Station.
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Contact Development/Agent
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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3415 S Normandie Avenue
USD 2,300,000 13 Beds
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