CA > Los Angeles
Los Angeles, CA 90020,541 S Normandie Ave
Los Angeles, CA 90020,541 S Normandie Ave
Los Angeles, CA 90020,541 S Normandie Ave
12
See all 12 photos
$1,850,000
$1,950,000 5.1%
Est. payment /mo
8 Beds
12 Baths
7,481 SqFt
Sold on 07/28/2025

541 S Normandie Ave Los Angeles, CA 90020

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Dallas Baker
Dallas Baker

+1(424) 243-7444

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Key Details

Sold Price $1,850,000

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 7,481 sqft

Price per Sqft $247

MLS Listing ID 25531715

Sold Date 07/28/25

Bedrooms 8

Year Built 1955

Lot Size 7,509 Sqft

Acres 0.1724

Property Sub-Type Multi-Family

Property Description

Located at the intersection of Normandie and 6th, just one block from the iconic Quarters KBBQ, this 12-unit apartment building offers an exceptional opportunity to acquire a value-add asset in one of Los Angeles' most vibrant and high-demand rental markets. The property consists of one bachelor, three singles, and eight one-bedroom units only one of which has been renovated in the past 30 years, (light touch up in others) making it a perfect candidate for a comprehensive renovation strategy. This provides a clear path to capturing substantial upside through targeted unit upgrades and improved management .The building also features a garage at the front, which could be considered for future ADU conversion, as well as a rear parking area and an on-site laundry room with owner-owned washer/dryers, providing additional income. The property benefits from a charming side garden that is well-maintained by tenants, enhancing the building's curb appeal and offering a welcoming environment. Despite a current in-place cap rate of just 3.73%, the property's proforma cap rate exceeds 10.5%, even under conservative underwriting assumptions. This significant upside potential makes it a rare find in today's market, with the ability to create substantial value and unlock a high return on investment. With the location, strong rental demand, and numerous avenues for growth, this Koreatown asset offers a rare opportunity to reposition and capitalize on long-term appreciation and income growth.

Location

State CA

County Los Angeles

Area Mid-Wilshire

Zoning LAR4

Exterior

Garage Spaces 11.0

Building

Story 2

Others

Special Listing Condition Standard

TheMLS (CLAW)
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Listed by Keller Williams Beverly Hills
Bought with Keller Williams Studio City

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Dallas Baker

Dallas Baker

+1(424) 243-7444

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541 S Normandie Ave