745 Normandie Ave, Los Angeles, CA 90005
48 Unit Apartment Building | $7,350,000 ($153,125/Unit) | 6.35% Cap Rate | Los Angeles, CA 90005
For Sale
Active
Asking Price $7,350,000
- Property Type
-
Multifamily
- Square Feet
- 37,440 SF
Listing Contacts
Brent Sprenkle
Parker Boehle
Alex Peterson
- Property Info
Property Overview
745 S Normandie Ave is a 48-unit apartment community located in Koreatown. Currently being offered at an impressive 6.35% Cap Rate and 8.97 GRM on existing income with substantial rental upside! Built in 1930, the Normandie Ave apartments is a mid-rise style building with stunning art deco architecture offering an incredible unit mix of (1) Efficiency/One-Bathroom unit, (30) Studio/One-Bathroom units and (17) One-Bedroom/One-Bathroom units.
Property Details
- Class
- C
- Year Built
- 1930
- Stories
- 6
- Lot Size (sq. ft)
- 47,480 SF
- Units
- 48
Highlights
- Stunning Art Deco Architecture
- 6.35% Cap Rate & 8.9 GRM on Current Income
- Substantial Remaining Rental Upside
- Prime Koreatown Location & $196 Per Sq. Ft.
Nearby Properties
Similar Properties
FAQ
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- What is the difference between Tier 1 & Tier 2 in the Due Diligence Vault?
- Documents that are placed in a Tier-1 Due Diligence vault require the execution of a Confidentiality Agreement (“CA”) for access. Documents and folders placed in the Tier-2 vault are intended to have an added layer of security and require the execution of a CA in addition to required Broker approval for access.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].