ResidentialMixedUseCALos Angeles900449819 S S. Normandie, Los Angeles, CA, US, 90044

9819 S S. Normandie, Los Angeles, CA, US, 90044

9819 S S. Normandie, Los Angeles, CA, US, 90044
3 beds
1 bath
2600 sq ft
$900,000
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Basics

  • Date added: Added 2 months ago
  • Category:
  • Type:
  • Status:
  • Bedrooms: 3
  • Bathrooms: 1
  • Area: 2600 sq ft
  • Lot size: 3723, 3723 sq ft
  • Year built: 1951
  • View: Neighborhood
  • County: Los Angeles
  • MLS ID: IG26042419

Description

  • Description:

    3BD Home +Two Storefronts .Mixed-Use | Located in the heart of Los Angeles, is a fully stabilized mixed-use investment opportunity offering nearly an 8% CAP rate and strong in-place cash flow. The property consists of two retail storefronts facing S. Normandie Avenue, each approximately +/-800 square feet, and a detached single-family residence in the rear with its own private driveway and direct access to Normandie Ave., +/-1,000 square feet. All units have been remodeled in recent years, showcasing true pride of ownership. The property is 100% occupied with long-term leases in place: The Mini Market pays $1,700 per month (lease expires March 1, 2027), the Storefront#2 (lease is MTM), and the Residential Unit-Vacant can be leased for +/-3,000.00 per month or used as a primary residence.

    This turnkey asset offers investors a rare opportunity to acquire a well-maintained, income-producing property with diversified retail and residential income in a strong Los Angeles rental market.

    Show all description

Location

  • Directions: Century > Normandie.
  • Lot Size Acres: 0.0855 acres

Building Details

  • Structure Type: MixedUse
  • Water Source: Public
  • Lot Features: ZeroToOneUnitAcre
  • Open Parking Spaces: 2
  • Sewer: PublicSewer
  • Common Walls: OneCommonWall
  • Fencing: Privacy
  • Garage Spaces: 0
  • Levels: One
  • Other Structures: Storage

Amenities & Features

  • Pool Features: None
  • Parking Features: Driveway, Public, Private
  • Security Features: WindowBars
  • Accessibility Features: Parking
  • Parking Total: 2
  • Cooling: WallWindowUnits
  • Fireplace Features: None
  • Interior Features: WalkInPantry
  • Laundry Features: WasherHookup,GasDryerHookup

Nearby Schools

  • High School District: Los Angeles Unified

Expenses, Fees & Taxes

  • Association Fee: 0

Agent info

  • Agent name: Kanani Stallings
  • Agent MLS: IGSTALKAN
  • Agent email: k.stallings@kw.com
  • Agent officephone: 951-271-3000

Miscellaneous

  • List Office Name: Keller Williams Realty
  • Listing Terms: Cash,CashToNewLoan,Conventional,Exchange1031,FHA,Submit,VaLoan
  • Common Interest: None
  • Community Features: Curbs,Sidewalks
  • Attribution Contact: 951-384-0094

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Agent
Jesse Dougherty
(310) 995-4475

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Jesse Dougherty (310) 995 4475
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