1846 Normandie Ave 7 Unit Apartment Building Offered at $2,209,458 CAD at a 6.16% Cap Rate Los Angeles, CA 90027

Marcus and Millichap is pleased to present a seven (7) unit apartment building located at 1848 N Normandie Ave in Los Angeles, California. The subject property is located in a prime Los Feliz location, south of Los Feliz Blvd and west of Vermont Ave.
Located in prime Los Feliz, this seven-unit asset features a strong unit mix of six one-bedroom and one two-bedroom units, with two units delivered vacant and approximately 45% remaining rental upside. Recent improvements include a new roof, while the soft story retrofit will be completed by the buyer which will have a lower cost by building the front ADU at the same time. The property offers on-site tuck-under parking with ADU conversion potential, lush landscaping, a peaceful rear patio, and on-site laundry. It benefits from dominant access to Hollywood Boulevard, Franklin Avenue, Los Feliz Boulevard, and Sunset Boulevard, as well as immediate proximity to the 101 Freeway and the Metro B Line at Hollywood/Western. Nearby attractions include Barnsdall Art Park, Fern Dell Nature Trail, Griffith Observatory, Upright Citizens Brigade Theatre,
Hollywood Walk of Fame, Hollywest Promenade, and Jemma Hollywood.
With two vacant units, solid remaining rental upside, and potential ADU conversion of the existing tuck-under parking, the property presents a compelling value-add investment opportunity.
For OM, please visit: https://www.lamultifamilydeals.com/properties/1848-n-normandie-ave