9819 S Normandie, Los Angeles, CA 90044
List Price: $900K
Listing Status: Active
0Days on Market: 119
0 Bedrooms · 0 Bathrooms
Property Type: CommercialSale
Year Built: 1951
Lot Size: 3,723 sq ft
MLS Number: IG26042385
About This Property
Mixed-Use Commercial +3BD Home (Ready for Occupancy) | Located in the heart of Los Angeles, is a fully stabilized mixed-use investment opportunity offering nearly an 8% CAP rate and strong in-place cash flow. The property consists of two retail storefronts facing S. Normandie Avenue, each approximately +/-800 square feet, and a detached single-family residence in the rear with its own private driveway and direct access to Normandie Ave., +/-1,000 square feet. The property is 50% occupied with long-term leases in place: The Mini Market pays $1,700 per month (lease expires March 1, 2027), the Storefront#2 (lease is MTM), and the Residential Unit-Vacant can be leased for +/-3,000.00 per month or used as a primary residence. This turnkey asset offers investors a rare opportunity to acquire a well-maintained, income-producing property with diversified retail and residential income in a strong Los Angeles rental market.
Listing provided by: Kanani Stallings DRE #02243057 951-271-3000 k.stallings@kw.com, Keller Williams Realty
Source: CRMLS, MLS #: IG26042385
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.