Listed by Neema Ahadian with Marcus & Millichap

147 S Normandie Avenue

Los Angeles, CA, 90004

$9,800,000

$428 per ft²
$9,800,000
$428 per ft²
Active
Active
 - For Sale
baths
47 Baths
carpenters-square
22,864 ft²
property_type
Multi-family
calendar
Built 1926
147 S Normandie Ave, a 47-unit investment opportunity located in the highly sought-after Koreatown neighborhood of Los Angeles. Located between Beverly Blvd St and 3rd St and just a few blocks away from Vermont/Beverly Metro. This is a value add opportunity with over 45% rental upside achievable as units turn. An additional 37%rental upside can be achieved as units turn.High Walk Score of 87, 147 S Normandie Ave is a walkers paradise with many nearby markets, shops, schools and restaurants.Central location that is beneficial for residents that commute throughout the city with close proximity to Downtown Los Angeles, Westlake, Echo Park, and Silver Lake, walking distance to retail along Beverly Blvd & W 3rd St., as well as the St. Vincent MedicalCenter. Located in an ideal rental market that continues to grow, illustrated through the plentiful new developments currently under construction in the area such.
MLS® ID:
23251831
Listed:
2/28/23
Updated:
3/27/23
Coldwell Banker
Joe Kaplan
Mobile: (323) 240-9458Email: joekaplan2@gmail.com

Interior Features

Kitchen Appliances
Refrigerator
Total Bedrooms
0
Total Bathrooms
47
Heating
Natural Gas

Exterior/Building Features

Lot Size
8,002 ft² lot

Other Property Details

Area Name
C17 - Mid-Wilshire
Garage
No
Parking
On Street
View
N
County
Los Angeles
Pool
No
Total Stories
4
Zoning
LAR3
Buyer Agency Compensation
0.650

Listing Contact:  

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/27/23. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2023 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 3/27/23 at 7:18 AM UTC

Coldwell Banker
Joe Kaplan
Mobile: (323) 240-9458Email: joekaplan2@gmail.com
Contact