Log In/Sign Up
Your email has been sent.
320 S Normandie Ave
Los Angeles, CA 90020
Multifamily Property For Sale
·
10 Units
Investment Highlights
- Well-kept Charming Mid-Century Building
- Well below replacement cost @ $199/FT
- Exceptional Walk Score of 91, a true "Walker's Paradise" with dining, shopping, and daily errands just steps away
- 9 (1+1) & 1 Studio GREAT MIX!
- Ultra-high demand Central Mid-Wilshire location
- 7 on-site parking spaces
Executive Summary
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 9 (1+1) and 1 single 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.
Built in 1956, the property has a total of 10 units, offering an ideal mix of 9 (1+1) and 1 single 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.
Property Facts
| Price Per Unit | $192,147 CAD | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 5.71% | Lot Size | 0.18 AC |
| Gross Rent Multiplier | 9.43 | Building Size | 7,039 SF |
| No. Units | 10 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1956 |
| Property Subtype | Apartment | Parking Ratio | 0.99/1,000 SF |
| Zoning | R4-2, Los Angeles - Restricted Density Multiple Dwelling | ||
| Price Per Unit | $192,147 CAD |
| Sale Type | Investment |
| Cap Rate | 5.71% |
| Gross Rent Multiplier | 9.43 |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 7,039 SF |
| No. Stories | 2 |
| Year Built | 1956 |
| Parking Ratio | 0.99/1,000 SF |
| Zoning | R4-2, Los Angeles - Restricted Density Multiple Dwelling |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Kitchen
- Refrigerator
- Oven
- Stainless Steel Appliances
- Tub/Shower
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | - | 533 |
| 1+1 | 9 | - | 708 |
Property Taxes
| Parcel Number | 5502-002-005 | Improvements Assessment | $659,802 CAD |
| Land Assessment | $1,319,607 CAD | Total Assessment | $1,979,409 CAD |
Property Taxes
Parcel Number
5502-002-005
Land Assessment
$1,319,607 CAD
Improvements Assessment
$659,802 CAD
Total Assessment
$1,979,409 CAD
1 of 27
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
