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Cheryl Manor 208 S Normandie Ave 12 Unit Apartment Building $2,697,860 CAD ($224,822 CAD/Unit) 6.02% Cap Rate Los Angeles, CA 90004



Investment Highlights
- Well below replacement cost @ $166K/Door and $283/Sqft
- 6 on-site parking spaces
- Exceptional Walk Score of 91, a true “Walker’s Paradise”
- Charming Well-Kept Mid-Century Building with 11 (1+1) & 1 Studio
- Ultra-high demand Mid-Wilshire market with 55%+ rental upside potential
Executive Summary
The Kanner Group is pleased to present 208 S Normandie Avenue — a rare 12-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 1953, the building has 12 units, offering an ideal mix of 1 single and 11 (1+1) units, averaging approximately 450 SF and 600 SF, respectively. The property provides 7,079 gross square feet of living space across 7,808 square feet of LAR4-1-zoned land, with 6 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 (Pur-
ple) 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. 208 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.
ple) 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. 208 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.
Property Facts
| Price | $2,697,860 CAD | Building Class | C |
| Price Per Unit | $224,822 CAD | Lot Size | 0.18 AC |
| Sale Type | Investment | Building Size | 7,079 SF |
| Cap Rate | 6.02% | Average Occupancy | 100% |
| Gross Rent Multiplier | 10.17 | No. Stories | 2 |
| No. Units | 12 | Year Built | 1953 |
| Property Type | Multifamily | Parking Ratio | 0.85/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | R4-1, Los Angeles | ||
| Price | $2,697,860 CAD |
| Price Per Unit | $224,822 CAD |
| Sale Type | Investment |
| Cap Rate | 6.02% |
| Gross Rent Multiplier | 10.17 |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 7,079 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1953 |
| Parking Ratio | 0.85/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R4-1, Los Angeles |
Amenities
Unit Amenities
- Heating
- Ceiling Fans
- Kitchen
- Tub/Shower
Site Amenities
- Controlled Access
- Laundry Facilities
- Security System
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 11 | - | 600 |
| Studios | 1 | - | 450 |
1 1
Walk Score®
Walker's Paradise (91)
Transit Score®
Excellent Transit (76)
Property Taxes
| Parcel Number | 5518-007-019 | Improvements Assessment | $810,599 CAD |
| Land Assessment | $1,621,206 CAD | Total Assessment | $2,431,805 CAD |
Property Taxes
Parcel Number
5518-007-019
Land Assessment
$1,621,206 CAD
Improvements Assessment
$810,599 CAD
Total Assessment
$2,431,805 CAD
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Cheryl Manor | 208 S Normandie Ave
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