Located two blocks south of Wilshire Blvd, 837 S. Normandie offers a chance to acquire a 16-unit asset in the heart of Koreatown with exceptional cash flow metrics; 9.06 GRM and a 6.50% CAP rate on current income. The building features (16) 1-bdrm. units averaging 600 SF. 12 of the units have undergone modern renovations featuring wood-laminate floors, quartz countertops, stainless steel appliances, updated tilework and cabinetry, recessed lighting, and ceiling fans. The units are separately metered for electricity and master-metered for gas. This allows for an annual rent increase of 4% (buyer to verify). Most units are home to single tenants, and 10 are leased through Section 8; offering reliable, government-backed income. Additionally, there is a RUBS program that generates added income. Notable building improvements include mainly copper plumbing and $15K in waterproofing. The building’s highly walkable location is just minutes from three of Koreatown’s major neighborhood hubs (Wilshire Blvd, Western Ave, 6th St, and 8th St), lined with some of LA’s most popular Korean BBQ joints, dessert cafes, bars, karaoke lounges, retail centers, and cultural institutions. The upcoming Purple Line expansion, which includes light-rail stations along Wilshire and is expected to go live later this year; will further increase accessibility, compress commute times to Downtown and the Westside, and boost rental demand. 837 S. Normandie offers dependable in-place cash flow, and long-term appreciation potential in a constantly developing neighborhood. For the investor seeking yield in a blue-chip urban environment, this is a clear opportunity.
Property Details
Price:
$3,200,000
MLS #:
25555929
Status:
Active
Baths:
0
Address:
837 S Normandie Avenue
Type:
Residential Income
Neighborhood:
c17midwilshire
City:
Los Angeles
Listed Date:
Jun 23, 2025
State:
CA
ZIP:
90005
Lot Size:
7,448 sqft / 0.17 acres (approx)
Year Built:
1925
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Schools
Interior
Appliances
Dishwasher, Disposal, Microwave, Refrigerator
Fireplace Features
None
Flooring
Tile
Interior Features
Ceiling Fan(s)
Exterior
Parking Features
None
Parking Spots
0.00
Security Features
Card/ Code Access
Stories Total
2
View
None
Financial
Map
Community
- Address837 S Normandie Avenue Los Angeles CA
- AreaC17 – Mid-Wilshire
- CityLos Angeles
- CountyLos Angeles
- Zip Code90005
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837 S Normandie Avenue
Los Angeles, CA
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