541 S Normandie Avenue, Los Angeles, CA 90020
List Price: $1.95M
Listing Status: Active
0Days on Market: 8
8 Bedrooms · 12 Bathrooms · 7,481 sq ft
Property Type: ResidentialIncome
Year Built: 1955
Lot Size: 7,509 sq ft
MLS Number: 26835655
About This Property
Excellent 12-unit investment opportunity located in the highly desirable Mid-Wilshire/Koreatown area of Los Angeles. 541 S Normandie Ave offers strong current income with significant rental upside potential. The property consists of a unit mix of eight 1-bedroom/1-bath units and four studio units situated on a 7,509 SF lot with LAR4 zoning. Seismic retrofit has already been completed, adding substantial value and reducing future capital expenditure concerns. Property also includes plans for additional ADU units, creating a rare opportunity for increased density and future income growth. Seller may offer favorable seller financing terms with as little as 25% down, featuring a 10-year interest-only note with no prepayment penalty. Centrally located near Wilshire Blvd, dining, shopping, public transit, and major employment centers. Excellent opportunity for investors seeking cash flow with long-term appreciation potential.
Listing provided by: Christian Santiago DRE #02153492 310-467-6320 Christian@resantiago.net, Moradian Enterprises, Inc.
Source: CRMLS, MLS #: 26835655
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.