Stats

• Listing Price $1,400,000
• Price per Unit $140,000
• Price per Sqft $199
• GRM 9.43
• Cap Rate 5.71%
• Number of Buildings 1
• Number of Units 10
• Gross Building Area 7,039 SF
• Lot Size 7,937 SF
• Floors 2
• Year Built 1956
• Parking 7 spaces
• Zoning LAR4-2

About the Property

The Kanner Group is pleased to present 320 S Normandie Avenue — a charming 10-unit mid-century apartment building located on a palm tree-lined street in the highly sought-after Koreatown/Mid-Wilshire neighborhood of historic Los Angeles, just east of Western Avenue and south of 3rd Street.

Built in 1956, the property has a total of 10 units, offering an ideal mix of 1 single and 9 (1+1) units averaging approximately 500 SF and 675 SF respectively. Together, the building provides 7,039 gross square feet of living space across 7,937 square feet of LAR4-2-zoned land, with 7 parking spaces serving the residents. The units feature bright, airy interiors with large picture windows that flood each space with natural light. Select kitchens have been thoughtfully upgraded over the years with new cabinetry, countertops, and stainless-steel appliances. Bathrooms feature contemporary vanities, updated fixtures, and tub/shower combinations.

With a Walk Score of 91, proximity to the 101, 2, 10, and 110 freeways, and just 0.5 miles from the Wilshire/Normandie Metro D (Purple) Line station and 0.9 miles 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.

320 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.