150 S. Normandie Avenue in South Los Angeles a mixed-use value-add investment property conveniently located just east of Western Avenue and south of West Vernon Avenue. The corner lot property consists of a strong unit mix of two spacious apartment units of two-bedroom and three-bedroom units, and a large ground floor commercial space. The property also offers of on-site gated parking, which the current ownership has submitted plans to build two additional ADUs on the lot consisting of two-bedroom/two-bathroom units.The offering has an attractive and low price per foot at the asking price of $162 per square foot and offers new ownership a chance to capture significant rental upside with over 42% upside in the rents. The dense, infill location of South LA comes with an easy commute to Downtown Leimert Park, USC, and Mid-City with multiple Metro local lines conveniently nearby the property.
Property Details
Price:
$695,000
MLS #:
25491009
Status:
Pending
Baths:
0
Address:
5150 S Normandie Avenue
Type:
Residential Income
Neighborhood:
c34losangelessouthwest
City:
Los Angeles
Listed Date:
Feb 3, 2025
State:
CA
ZIP:
90037
Lot Size:
4,379 sqft / 0.10 acres (approx)
Year Built:
1914
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Schools
Interior
Cooling
None
Heating
Wall Furnace
Exterior
Parking Spots
3.00
Stories Total
2
Financial
Map
Community
- Address5150 S Normandie Avenue Los Angeles CA
- AreaC34 – Los Angeles Southwest
- CityLos Angeles
- CountyLos Angeles
- Zip Code90037
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5150 S Normandie Avenue
Los Angeles, CA
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