541 S Normandie Avenue
Property Overview
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 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.
Home Details
- Property type
- Residential Income
- Year built
- 1955
- Living area
- 7,481 sq ft
- Lot size
- 7,509 sq ft
- Stories
- 2
- Days on market
- 8
- MLS status
- Active
- Zoning
- LAR4
Features & Amenities
Parking
- Assigned
- Driveway
Community, Schools & Utilities
Utilities
- Heating
- WallFurnace
- Cooling
- None
Location & Neighborhood
Frequently Asked Questions About 541 S Normandie Avenue
Property type: Residential Income
What clients say
“Reza was the best agent we have ever worked with.”Russell & Susan McQueen
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