916 S Normandie Avenue, Los Angeles, CA 90006

Los Angeles
Local realty services provided by:ERA North Orange County Real Estate
916 S Normandie Avenue,Los Angeles, CA 90006
$1,600,000
  • 8 Beds
  • 13 Baths
  • 5,872 sq. ft.
  • Multi-family
  • Active
Listed by: william james, peter james
Office: lyon stahl investment real estate, inc.310-425-9838
MLS#:26934849
Source:CRMLS

Price summary

  • Price:$1,600,000
  • Price per sq. ft.:$272.48

About this home

The subject property is a 13-unit apartment building located at 916 S. Normandie Ave in Los Angeles. Built in 1957 and zoned LAR3, the property consists of (3) Bachelors (8) 1 Bed, 1 Bath units, and (2) Studio, 1 Bath units, totaling 8,285 rentable square feet on a 6,399-square-foot lot. The property is offered at an attractive basis of $123,000 per unit and $272 per square foot, while generating a compelling 5.97% in-place cap rate and 8.95 GRM. The asset will be delivered with four vacant units, providing the next owner with an immediate opportunity to lease units at current market rents and enhance cash flow from day one. With approximately 41% rental upside embedded in the existing rent roll, the property offers significant value-add potential, with the pro forma cap rate approaching 11% as rents are brought to market.

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Home facts

  • Year built:1957
  • Listing ID #:26934849
  • Added:1 day(s) ago
  • Updated:September 26, 2026 at 10:50 AM

Rooms and interior

  • Bedrooms:8
  • Total bathrooms:13
  • Kitchen Description:Refrigerator
  • Living area:5,872 sq. ft.

Heating and cooling

  • Cooling:Wall Window Units
  • Heating:Wall Furnance

Structure and exterior

  • Year built:1957
  • Building area:5,872 sq. ft.
  • Lot area:0.15 Acres
  • Lot Features:Rectangular Lot
  • Architectural Style:Mid Century Modern
  • Construction Materials:Stucco

Finances and disclosures

  • Price:$1,600,000
  • Price per sq. ft.:$272.48

Features and amenities

  • Amenities:Carbon Monoxide (CO2) Detector

Parking

  • Total parking spaces:9
  • Parking description:Assigned, Attached Carport
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