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… Read More 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. Read Less
Courtesy of Moradian Enterprises, Inc. 310-467-6320
Listing Snapshot
Days Online
39
Last Updated
Property Type
Other
Beds
8
Square Ft.
7,481
Lot Size
0.17 Acres
Year Built
1955
MLS Number
26835655
30 Days Snapshot Of 90020
$670k
-71%
(avg) sold price
2
-50%
homes sold
97
+21%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
"None"
Building
7,481 sq ft, Built in 1955, Levels: "Multi Levels"
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