11700 S Normandie Ave, Los Angeles, CA 90044

11700 S Normandie Ave, Los Angeles, CA 90044

Los Angeles, CA

Property Description

This 6-unit multifamily investment opportunity presents a well-maintained property in a strategic location, fully occupied with stable rental income. The potential to add ADU units and its positioning in a Qualified Opportunity Zone make it an enticing prospect for investors seeking long-term growth and tax advantages. LOCATION: 11700 S Normandie Ave, Los Angeles, CA 90044, conveniently near the 105 Freeway. PROPERTY FEATURES: Well-maintained building with a new roof (replaced in 2023), new gate, and fresh paint. PROPERTY SIZE: The building spans 3,648 Sq. Ft. on an 8,112 Sq. Ft. lot. UNIT MIX: Attractive unit mix consisting of all 2 Bed/1 Bath units, generating $10,690/mo in rental income OCCUPANCY: Currently 100% occupied with stable income from five units leased to Section 8 tenants. VALUE-ADD POTENTIAL: Opportunity to add two 2 Bed/2 Bath ADU units, generating an estimated $50,000 of additional rental income annually and increasing property value by nearly $600,000. Located in LAs Qualified Opportunity Zone, offering potential investors the possibility to potentially avoid all capital gains taxes on the exit after substantial renovation and a 10-year hold.

Property Features

  • Sale Price: $1,550,000
  • Area Size: 3,648 Sq. Ft.
  • Land Area: 8,110 Sq. Ft.
  • Year Built: 1960
  • Listing Date: 7/31/2023
  • Units: 6
  • Current GRM: 12.08
  • Current Cap Rate: 5.24%
  • Price Per Unit: $258,333
  • Market GRM: 8.07
  • Market Cap Rate: 9.15%
  • Current NOI: $81,222

Lyon Stahl Investment Real Estate

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