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11124 S Normandie Avenue

Los Angeles (City), CA 90044
  • $2,248,888
  • STATUS: Active
  • ON SITE: 39 Days
  • ID#: RS21223031
$2,248,888
  • 0
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1959
County:

School Ratings & Info

Listing Agent: Isaac Rosales of Executive Bankers Realty


Description

Value Add! *Possible Seller carry on a case by case* This asset offers great upside potential, it is comprised of 8 units all 2 bedroom 1 baths on a 6220 sqft lot. Each unit has their own parking space and tenants are a mix of subsidized Sec 8 and regular market tenants. Property is gated for tenants security and is located in the pocket east of western, west of the 110, and north of the 105 freeway.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-12-04T00:27:26.463. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Marelly Group | Sentry Residential. Licensed in the State of California, USA.
www.themarellygroup.com/homes/122732083
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11124 S Normandie Avenue Los Angeles (City), CA 90044

  • Price: $2,248,888
  • Status: Active
  • On Site: 39 Days
  • ID#: RS21223031
0
Beds
0
Baths
0
½ Baths
0.14
Acres
1959
Built
Neighborhood:
C36 - Metropolitan Southwest
County:
Los Angeles
Area:
C36 - Metropolitan Southwest
Property Description
Value Add! *Possible Seller carry on a case by case* This asset offers great upside potential, it is comprised of 8 units all 2 bedroom 1 baths on a 6220 sqft lot. Each unit has their own parking space and tenants are a mix of subsidized Sec 8 and regular market tenants. Property is gated for tenants security and is located in the pocket east of western, west of the 110, and north of the 105 freeway.
Exterior Features

Lot Features 6-10 Units/Acre Number Of Separate Electric Meters 8 Parking Total 0 Pool Features None Pool Private YN No Property Attached YN No

Interior Features

Common Walls No Common Walls

Property Features

Additional Parcels YN No Cap Rate 5.18 Common Interest Community Apartment Community Features CurbsSidewalks Electric Expense 393 Fuel Expense 1496 Garage YN No Gross Income 173055 Gross Scheduled Income 173055 Insurance Expense 2238 Land Lease YN No Laundry Features None Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash To New LoanConventional1031 Exchange Maintenance Expense 3600 Net Operating Income 116590 New Construction YN No New Taxes Expense 26550 Number Of Separate Gas Meters 8 Number Of Separate Water Meters 1 Number Of Units Leased 7 Operating Expense 50407 Property Sub Type Apartment Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Actual Rent 12426 Trash Expense 2160 Vacancy Allowance 6056 Water Sewer Expense 4176 Water Source Public Zoning Lcr320u*



Based on information from California Regional Multiple Listing Service, Inc. as of 2021-12-04T00:27:26.463. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Marelly Group | Sentry Residential. Licensed in the State of California, USA.
 
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The Marelly Group | Sentry Residential
5256 South Mission Rd, Suite 1006
Bonsall CA, 92003
Listing Agent: Isaac Rosales of Executive Bankers Realty