541 S Normandie Ave 8BR La
| Website: | https://www.nestseekers.com/5489801 |
|---|---|
| Address: | 541 S Normandie Ave LOS ANGELES, CA 90020 |
| Ownership: | For Sale |
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| Bedrooms: | 8 BR |
| Bathrooms: | 12 |
| Area: | 7509 sq ft |
| Lot Size: | 0.2 Acres |
Financials
Price:$1,950,000
Description
Excellent 12-unit investment opportunity located in the highly desirable Mid-Wilshire/Koreatown area of Los Angeles. 541 S Normandie Ave offers strong current income with significant rental upside potential. The property consists of a unit mix of eight 1-bedroom/1-bath units and four studio units situated on a 7,509 SF lot with LAR4 zoning. Seismic retrofit has already been completed, adding substantial value and reducing future capital expenditure concerns. Property also includes plans for additional ADU units, creating a rare opportunity for increased density and future income growth. Seller may offer favorable seller financing terms with as little as 25% down, featuring a 10-year interest-only note with no prepayment penalty. Centrally located near Wilshire Blvd, dining, shopping, public transit, and major employment centers. Excellent opportunity for investors seeking cash flow with long-term appreciation potential.
271 North Canon Drive Beverly Hills, CA 90210 Phone: +1 310-280-8983 Fax: +1 310-362-0351 | |
| Listing Courtesy of Moradian Enterprises, Inc. | |