9819 S S. Normandie, Los Angeles, CA 90044
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9819 S S. Normandie, Los Angeles, CA 90044
9819 S S. Normandie, Los Angeles, CA 90044
9819 S S. Normandie, Los Angeles, CA 90044
9819 S S. Normandie, Los Angeles, CA 90044
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Richard Chung

Richard Chung

+1(714) 865-3871
$ 900,000
Est. payment /mo
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Active

9819 S S. Normandie Los Angeles, CA 90044

3 Beds

1 Bath

2,600 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 2,600 sqft

Price per Sqft $346

MLS Listing ID IG26042419

Bedrooms 3

Full Baths 1

HOA Y/N No

Year Built 1951

Lot Size 3,724 Sqft

Property Sub-Type Mixed Use

Property Description

Mixed-Use Commercial +3BD Home (Ready for Occupancy) | 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. The property is 50% 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.

Location

State CA

County Los Angeles

Area 699 - Not Defined

Rooms

Other Rooms Storage

Main Level Bedrooms 3

Interior

Interior Features Walk-In Pantry

Cooling Wall/Window Unit(s)

Fireplaces Type None

Fireplace No

Laundry Washer Hookup, Gas Dryer Hookup

Exterior

Parking Features Driveway, Public, Private

Fence Privacy

Pool None

Community Features Curbs, Sidewalks

View Y/N Yes

View Neighborhood

Accessibility Parking

Total Parking Spaces 2

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Dwelling Type Mixed Use

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

Additional Building Storage

New Construction No

Schools

School District Los Angeles Unified

Others

Senior Community No

Tax ID 6055013042

Security Features Window Bars

Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange, FHA, Submit, VA Loan

Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange, FHA, Submit, VA Loan

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Kanani Stallings Keller Williams Realty 951-384-0094, DRE #02243057

NEARBY SCHOOLS & PROPERTIES

Richard Chung

Richard Chung

Agent | License ID: 01899002

+1(714) 865-3871

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9819 S S. Normandie