CA > Los Angeles
Los Angeles, CA 90007,3415 S Normandie AVE
Los Angeles, CA 90007,3415 S Normandie AVE
Los Angeles, CA 90007,3415 S Normandie AVE
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$2,300,000
Est. payment /mo
13 Beds
13 Baths
7,227 SqFt
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UPDATED:

11/13/2024 11:48 PM

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 7,227 sqft

Price per Sqft $318

MLS Listing ID 24463391

Bedrooms 13

HOA Y/N No

Year Built 1924

Lot Size 0.262 Acres

Property Description

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.

Location

State CA

County Los Angeles

Area C34 - Los Angeles Southwest

Zoning C2-1VL-O-CPIO

Interior

Heating None

Cooling None

Fireplace No

Exterior

Garage None

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5041001001

Special Listing Condition Standard

Read Less Info
California Regional MLS (CRMLS)
Listed by Neema Ahadian • Marcus & Millichap

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