1848 N Normandie Ave, Los Angeles, CA 90027
1848 N Normandie Ave, Los Angeles, CA 90027
1848 N Normandie Ave, Los Angeles, CA 90027
12
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$1,595,000
Est. payment /mo
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8 Beds
7 Baths
5,547 SqFt
Price Dropped by $155K

1848 N Normandie Ave Los Angeles, CA 90027

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Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,547 sqft

Price per Sqft $287

MLS Listing ID 26654183

Bedrooms 8

Year Built 1958

Lot Size 6,789 Sqft

Acres 0.1559

Property Sub-Type Multi-Family

Property Description

We are pleased to present a seven (7) unit apartment building located at 1848 N Normandie Ave in Los Angeles, California. The subject property is located in a prime Los Feliz location, south of Los Feliz Blvd and west of Vermont Ave. Located in prime Los Feliz, this seven-unit asset features a strong unit mix of six one-bedroom and one two-bedroom units, with two units delivered vacant and approximately 45% remaining rental upside. Recent improvements include a new roof, while the soft story retrofit will be completed by the buyer which will have a lower cost by building the front ADU at the same time. The property offers on-site tuck-under parking with ADU conversion potential, lush landscaping, a peaceful rear patio, and on-site laundry. It benefits from dominant access to Hollywood Boulevard, Franklin Avenue, Los Feliz Boulevard, and Sunset Boulevard, as well as immediate proximity to the 101 Freeway and the Metro B Line at Hollywood/ Western. Nearby attractions include Barnsdall Art Park, Fern Dell Nature Trail, Griffith Observatory, Upright Citizens Brigade Theatre, Hollywood Walk of Fame, Hollywest Promenade, and Jemma Hollywood. With two vacant units, solid remaining rental upside, and potential ADU conversion of the existing tuck-under parking, the property presents a compelling value-add investment opportunity.

Location

State CA

County Los Angeles

Area Hollywood

Zoning LAR3

Rooms

Other Rooms None

Interior

Heating Other

Cooling Wall Unit(s)

Equipment Other

Exterior

Parking Features Other

Building

Level or Stories Two

Others

Special Listing Condition Standard


TheMLS (CLAW)
Listed by Marcus & Millichap

NEARBY SCHOOL & BUSINESS

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1848 N Normandie Ave