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254 S Normandie Avenue — Los Angeles — 7 Beds • 12 Baths • 7,552 Sq Ft | Belmont Brokerage

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$2,200,000

$291/ft²

254 S Normandie Ave, Los Angeles, CA 90004

Property Description

JNM Realty exclusively presents 254 S. Normandie Avenue, a well-maintained 12-unit apartment community featuring an attractive unit mix of five (5) studio units and seven (7) one-bedroom, one-bathroom units. The property offers approximately 33% upside to current rents and more than 130% upside potential among the non-renovated units. Some tenants have expressed interest in relocation, tenants are not to be disturbed or approached by any party. The property has been meticulously maintained throughout the current ownership's tenure of more than 10 years. A detached parking area may also provide additional development potential through constructing accessory dwelling units, buyer to verify. Located near the high-traffic intersection of Normandie Avenue and 3rd Street, the property is within walking distance of neighborhood retail, dining, and multiple Metro bus lines. 254 S. Normandie Avenue presents an exceptional opportunity to acquire a well-located multifamily asset with strong in-place fundamentals and meaningful long-term upside.

Listing provided by: Demis DokhanianDRE #01940496310-746-5923 DEMIS@JNMREALTY.COM, JNM Realty, INC.

MLS #: 26919127