Description

Maher Commercial Realty in partnership with the Ringer Group at Marcus & Millichap is pleased to exclusively present for purchase a three-unit apartment building located at 731 N Normandie Ave. This offering consists of two structures boasting approximately 1,865 square feet of improvements on a 6,602 square feet lot zoned LARD1.5.


The subject property was constructed in 1912 and has two spacious one-bedroom one-bathroom units and one two-bedroom one-bathroom unit. Tenants in this neighborhood enjoy proximity to major schools and employers: Los Angeles City College, Paramount Studios, Children’s Hospital Los Angeles, to name a few. Additionally, this investment opportunity offers quick access to Highway 101 and transportation routes such as the Metro Red and Purple lines. Residents can easily commute to highly sought-after neighboring communities including Hollywood, Los Feliz, Silver Lake, Echo Park and Koreatown.

This opportunity will allow savvy investors to capitalize on existing cash flow and possibly pursue a redevelopment plan in the future.

Property Features:

  • Sale Price: $855,000
  • Building Size: 1,865 Sq.Ft.
  • Lot Size: 6,602 Sq.Ft.
  • Number of Units: 3
  • Unit Mix: 2 (1+1), 1 (2+1)
  • Zoning: LARD1.5
  • APN: 5520-001-006

Property ID

731 N. Normandie Avenue, Los Angeles

Property Type

Multifamily

Built in

1912

Status

Sold

Price

$855,000.00

Additional Features

N

los angeles investment property

N

los angeles multifamily for sale

N

maher commercial realty

N

multi-family income property

N

multifamily for sale


Agent

Nicole Lu

Nicole Lu

Investment Associate

  • 1 (310) 710-1018
  • Nicole@MaherCR.com
  • MaherCR.com

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