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12 Units + 3 RTI ADU Prime Korea Town 541 Normandie Ave 14 Unit Apartment Building $2,688,880 CAD ($192,063 CAD/Unit) 6% Cap Rate Los Angeles, CA 90005
Investment Highlights
- Prime multifamily investment opportunity located in the heart of Koreatown, one of Los Angeles’ most vibrant and high-demand rental markets.
- Features on-site laundry facilities, garage space with potential for ADU conversion, and a well-maintained side garden for added tenant appeal.
- Seller financing available with attractive terms: 25% down, 6% interest-only for 10 years.
Executive Summary
Seller Financing available
25% Down
6 Interest Only for 10 years
12 UNITS
3 ADU RTI PLANS
HUGE UPSIDE
seismic retrofit completed
25% Down
6 Interest Only for 10 years
12 UNITS
3 ADU RTI PLANS
HUGE UPSIDE
seismic retrofit completed
Financial Summary (Actual - 2024) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $2,688,880 CAD | Building Class | C |
| Price Per Unit | $192,063 CAD | Lot Size | 0.17 AC |
| Sale Type | Investment | Building Size | 7,481 SF |
| Cap Rate | 6% | Average Occupancy | 100% |
| No. Units | 14 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1955 |
| Property Subtype | Apartment | Parking Ratio | 1.47/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | LAR4 - Multiple Dwelling | ||
| Price | $2,688,880 CAD |
| Price Per Unit | $192,063 CAD |
| Sale Type | Investment |
| Cap Rate | 6% |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 7,481 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1955 |
| Parking Ratio | 1.47/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | LAR4 - Multiple Dwelling |
Amenities
Unit Amenities
- Heating
- Refrigerator
- Oven
- Tub/Shower
- Pantry
Site Amenities
- 24 Hour Access
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | - |
| Studios | 6 | - | - |
1 1
Very walkable
80/100
Exceptionally drivable
90/100
Exceptional public transit
90/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 5502-017-003 | Total Assessment | $684,215 CAD (2025) |
| Land Assessment | $431,893 CAD (2025) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $252,322 CAD (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
5502-017-003
Land Assessment
$431,893 CAD (2025)
Improvements Assessment
$252,322 CAD (2025)
Total Assessment
$684,215 CAD (2025)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2024
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12 Units + 3 RTI ADU Prime Korea Town | 541 Normandie Ave
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