Stats

• Listing Price $2,200,000
• Price per Unit $137,500
• Price per Sqft $298
• GRM 9.78
• Cap Rate 5.73%
• Number of Buildings 2
• Number of Units 16
• Gross Building Area 7,376 SF
• Lot Size 7,524 SF
• Floors 2
• Year Built 1955
• Parking 13 spaces
• Zoning LAR4

About the Property

The Kanner Group is pleased to present 222-224 S Normandie Avenue — a rare 16-unit apartment building located on a serene, tree-lined street in the highly sought-after Koreatown/Mid-Wilshire neighborhood of historic Los Angeles, just east of Western Avenue and north of 3rd Street.

Built in 1955, the building has a total of 16 units, offering an ideal mix of 16 single units averaging approximately 450 SF. The building provides 7,376 gross square feet of living space across 7,524 square feet of LAR4-1-zoned land, with 13 parking spaces serving the residents.

The units feature bright, airy interiors with wide-plank wood-style flooring that flows seamlessly through living areas, bedrooms, and kitchens, creating a warm and contemporary feel. Exposed ceiling beams add architectural character, while large picture windows with vertical blinds flood each space with natural light. Kitchens have been thoughtfully upgraded with rich cabinetry, quartz-style countertops, modern stainless-steel ranges, and vent hoods. Bathrooms feature contemporary vanities, updated fixtures, and glass-enclosed tub/shower combinations. Ample closet space—including sliding-door wardrobes and walk-in closets in select units—provides excellent storage. Classic wall-mounted gas heaters maintain the building’s mid-century charm while complementing the fresh renovations for a move-in-ready experience.

With a Walk Score of 90, proximity to the 101, 2, 10, and 110 freeways, and just one mile from the Wilshire/Vermont Metro B (Red) and D (Purple) Line station, residents enjoy effortless connectivity to the countless shopping, dining, entertainment, and cultural destinations of Koreatown, Westlake, Mid-Wilshire, Hollywood, revitalized Downtown Los Angeles, and beyond.

222-224 S Normandie Avenue represents an exceptional opportunity for an investor to implement a value-add strategy or thoughtfully add a value plan as units become available.