Multifamily listing
151 n normandie
sold in
Koreatown
16 Units in Koreatown w/ No LA Rent Control
Sold At
$
2,200,000
16
Number of Units
1986
Year Built
9,108
SF
Square Footage
7,545
SF
Lot Size
N/A
Zoning
151 N Normandie Ave, Los Angeles, CA 90004
About the Property
The subject property is a sixteen unit NON RENT CONTROLLED apartment building located between Beverly Blvd and 3rd St. The property has a great unit mix with (6) 2+2 & (10) 1+1 units, which are separately metered. This building is in good condition, and has been professionally managed. Zoning is R3.There are 16 gated, secure parking spaces and 2 laundry rooms. Each unit has its own hot water heater.With a cost/unit of only $140K, this offering is priced below comparable sales and is the lowest priced NON RENT CONTROL deal on the market. There is currently no on-site mgr.
151 N Normandie Ave.
Koreatown / Mid-City
Listed Price
$
Number of Units
16 Units
Price per. Unit
$137,500
Bldg. Size
9,108 SF
Price per Foot
$241
Lot Size
7,545 SF
Year Built
1986
Current CAP
5.54%
Market CAP
6.69%
Zoning
N/A
Download the OM to view Property Highlights, Financials & Sales Comparables
Price P/ Unit
$137,500
Price p/ Sq. ft.
$241
Proforma Cap Rate
6.69%
Contact
Sales agent
Related
Closed Listings
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