147 S Normandie Ave

Los Angeles, CA, 90004

$8,150,000

$356 per ft²
$8,150,000
$356 per ft²
Active
Active
 - For Sale
baths
47 Baths
carpenters-square
22,864 ft²
property_type
Multi-family
calendar
Built 1926
147 S Normandie Ave, a 47-unit investment opportunity located in the highly sought-after Koreatown neighborhood of Los Angeles. Located between Beverly Blvd St and 3rd St and just a few blocks away from Vermont/Beverly Metro. This is a value add opportunity with over 45% rental upside achievable as units turn. An additional 37%rental upside can be achieved as units turn.High Walk Score of 87, 147 S Normandie Ave is a walkers paradise with many nearby markets, shops, schools and restaurants.Central location that is beneficial for residents that commute throughout the city with close proximity to Downtown Los Angeles, Westlake, Echo Park, and Silver Lake, walking distance to retail along Beverly Blvd & W 3rd St., as well as the St. Vincent MedicalCenter. Located in an ideal rental market that continues to grow, illustrated through the plentiful new developments currently under construction in the area such.
MLS® ID:
23-251831
Listed:
2/28/23
Updated:
4/1/23
Remax Real Estate
Rory Posin
Mobile: (310) 839-8500Email: roryposin@aol.com

Interior Features

Total Bedrooms
0
Total Bathrooms
47
Cooling
Window Unit(s)
Heating
Natural Gas

Exterior/Building Features

Lot Size
8,002 ft² lot
Exterior Features
None

Other Property Details

Garage
No
Parking
On street
View
N
County
Los Angeles
Pool
No
Total Stories
4
Zoning
LAR3

Property History

Date
Event
Price
Value
3/29/23
Price Change
$8,150,000
-16%

Courtesy of Marcus & Millichap, Neema Ahadian,
Listing Contact:  

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Rory Posin shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2023 Combined L.A./Westside MLS. All rights reserved.

Data last updated 4/1/23

Remax Real Estate
Rory Posin
Mobile: (310) 839-8500Email: roryposin@aol.com
Contact