254 S Normandie Ave, Los Angeles, CA 90004
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254 S Normandie Ave, Los Angeles, CA 90004
254 S Normandie Ave, Los Angeles, CA 90004
254 S Normandie Ave, Los Angeles, CA 90004
254 S Normandie Ave, Los Angeles, CA 90004
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$ 2,200,000
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254 S Normandie Ave Los Angeles, CA 90004

7 Beds

12 Baths

7,552 SqFt


UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 7,552 sqft

Price per Sqft $291

MLS Listing ID 26919127

Bedrooms 7

Year Built 1957

Lot Size 7,503 Sqft

Acres 0.1722

Property Sub-Type Multi-Family

Property Description

JNM Realty exclusively presents 254 S. Normandie Avenue, a well-maintained 12-unit apartment community featuring an attractive unit mix of five (5) studio units and seven (7) one-bedroom, one-bathroom units. There are fifteen (15) onsite parking spaces including three (3) attached garages, eight (8) tandem spaces, and four (4) detached covered spaces. Soft-story retrofit was completed in 2024. The property offers approximately 33% upside to current rents and more than 115% upside potential among the non-renovated units. The six (6) renovated units feature upgraded electrical including subpanels, copper plumbing, and a full high end renovation of the entire unit. Property upgrades include an upgraded electrical master panel and a new multi-layer elastomeric roof coating. The property has been meticulously maintained throughout the current ownership's tenure of more than 10 years. A detached parking area may also provide additional development potential through constructing accessory dwelling units. Located near the high-traffic intersection of Normandie Avenue and 3rd Street, the property is within walking distance of neighborhood retail, dining, and multiple Metro bus lines. 254 S. Normandie Avenue presents an exceptional opportunity to acquire a well-located multifamily asset with strong in-place fundamentals and meaningful long-term upside.

Location

State CA

County Los Angeles

Area Mid-Wilshire

Zoning LAR4

Rooms

Other Rooms None

Interior

Heating None

Cooling None

Equipment None

Exterior

Parking Features Driveway Gate, Garage Is Detached, Tandem, Covered Parking

Garage Spaces 15.0

Building

Level or Stories Multi/Split

Others

Special Listing Condition Standard


TheMLS (CLAW)
Listed by JNM Realty, INC.
Gabriel Carrasco

Gabriel Carrasco

Agent License ID: DRE# 02229520

+1(424) 422-6029

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254 S Normandie Ave