Description
Maher Commercial Realty in partnership with the Ringer Group at Marcus & Millichap is pleased to exclusively present for purchase a six-unit apartment building located in a desirable business corridor of Wilshire Center and Koreatown neighborhoods located at 216 N Normandie Ave. This offering consists of two-story building boasting approximately 4,156 square feet of improvements on a 5,999 square feet lot zoned LAR3.
The subject property was constructed in 1948 and consists of all one-bedroom one-bathroom units.Tenants in this neighborhood enjoy proximity to major employers, recreational parks, and a wide array of culinary, entertainment, and cultural attractions. Additionally, this investment opportunity offers quick access to Highway 101 and transportation routes such as the Metro Red and Purple lines. Residents at this location can easily commute to neighboring communities including Hollywood, Los Feliz, SilverLake, and Echo Park.
This opportunity will allow savvy investors to capitalize on existing cash flow and add value along the way.
Property Features:
- Sale Price: $1,535,888
- Building Size: 4,156 Sq.Ft.
- Lot Size: 5,999 Sq.Ft.
- Number of Units: 6
- Unit Mix: 6 (1+1)
- Zoning: LAR3
- APN: 5518-004-018
