542 N Normandie Ave 12 Unit Apartment Building $4,955,516 CAD ($412,960 CAD/Unit) 4.69% Cap Rate Los Angeles, CA 90004

Presenting an outstanding multifamily investment opportunity in the vibrant Mid-Wilshire / East Hollywood corridor near Koreatown, Hollywood, and Downtown LA. This well-utilized building features ±11,700 SF and offers all spacious 2-bedroom, 2-bath units. Priced attractively at $3,550,000 ($295,833 per unit / $303 per SF), the property boasts strong upside potential through rent growth and value-add opportunities via light renovations and strategic management.
Residents benefit from a transit-oriented location with easy access to Metro stations, major bus lines, and key freeways. The property maintains a stable tenant base with consistently high occupancy in a high-demand rental market. Not subject to LA City rent control—only California AB 1482 applies—this asset is positioned in a long-term growth market, as Central LA continues to experience robust renter demand and limited new multifamily supply.