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208 & 222-224 S Normandie Ave 2 biens • Immeuble residentiel • À vendre 6 057 188 $ CAD • Los Angeles, CA



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FAITS SAILLANTS DE L'INVESTISSEMENT
- Two property portfolio in the ultra high demand Mid-Wilshire market with 58%+ rental upside potential
- Exceptional Walk Score of 91, a true “Walker’s Paradise” with dining, shopping and daily errands just steps away
- Well kept charming mid century buildings
- 16 dedicated parking spaces
RÉSUMÉ DE L'ANNONCE
The Kanner Group is pleased to present 208 & 222-224 S Normandie Avenue — a rare two-property portfolio centrally located in the highly sought-after Koreatown/Mid-Wilshire neighborhood of Los Angeles, east of Western Avenue and north of 3rd Street.
Built in 1953 and 1955, the portfolio comprises two properties 100 feet from each other, totaling 28 units, with a mix of 11 (1+1) and 17 singles averaging approximately 600 SF and 450 SF respectively. Together, the buildings provide 15,332 gross square feet of living space across 14,455 square feet of LAR4-1-zoned land, with 16 parking spaces serving the residents. The property is separately metered for gas & electric and contains an on-site laundry room. The Soft-Story Retrofit work has been completed and the property is not subject to SB721.
The units offer bright, comfortable interiors with laminate and tile flooring throughout living areas, bedrooms, and kitchens, creating a cohesive and inviting atmosphere. The units are filled with natural light that accentuates their clean finishes and well-maintained condition.
Kitchens provide ample cabinetry and countertop space, with select units featuring newer white cabinetry and modern hardware. Bathrooms include updated vanities, fixtures, and glass-enclosed tub/shower combinations, while classic wall-mounted gas heaters add character and warmth to each home.
With a Walk Score of 90, in close proximity to Wilshire Blvd. the 101, 2, 10, and 110 freeways, and just one mile 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.
208 & 222-224 S Normandie Avenue are well-positioned assets offering an astute investor the opportunity to implement a unit renovation program, optimizing market rents when units become vacant, and common area refresh activating significant appreciation and future returns.
Built in 1953 and 1955, the portfolio comprises two properties 100 feet from each other, totaling 28 units, with a mix of 11 (1+1) and 17 singles averaging approximately 600 SF and 450 SF respectively. Together, the buildings provide 15,332 gross square feet of living space across 14,455 square feet of LAR4-1-zoned land, with 16 parking spaces serving the residents. The property is separately metered for gas & electric and contains an on-site laundry room. The Soft-Story Retrofit work has been completed and the property is not subject to SB721.
The units offer bright, comfortable interiors with laminate and tile flooring throughout living areas, bedrooms, and kitchens, creating a cohesive and inviting atmosphere. The units are filled with natural light that accentuates their clean finishes and well-maintained condition.
Kitchens provide ample cabinetry and countertop space, with select units featuring newer white cabinetry and modern hardware. Bathrooms include updated vanities, fixtures, and glass-enclosed tub/shower combinations, while classic wall-mounted gas heaters add character and warmth to each home.
With a Walk Score of 90, in close proximity to Wilshire Blvd. the 101, 2, 10, and 110 freeways, and just one mile 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.
208 & 222-224 S Normandie Avenue are well-positioned assets offering an astute investor the opportunity to implement a unit renovation program, optimizing market rents when units become vacant, and common area refresh activating significant appreciation and future returns.
FAITS SUR LA PROPRIÉTÉ
| Prix | 6 057 188 $ CAD | Statut | Actif |
| Prix/pi² | 401,70 $ CAD / pi² | Nombre de propriétés | 2 |
| Condition de vente | Ventes de portefeuille | Individuellement en vente | 0 |
| Taux de capitalisation | 5,52% | Taille totale du bâtiment | 15 079 pi² |
| Type de vente | Investissement | Superficie totale du terrain | 0,35 AC |
| Prix | 6 057 188 $ CAD |
| Prix/pi² | 401,70 $ CAD / pi² |
| Condition de vente | Ventes de portefeuille |
| Taux de capitalisation | 5,52% |
| Type de vente | Investissement |
| Statut | Actif |
| Nombre de propriétés | 2 |
| Individuellement en vente | 0 |
| Taille totale du bâtiment | 15 079 pi² |
| Superficie totale du terrain | 0,35 AC |
PROPRIÉTÉS
| NOM DE LA PROPRIÉTÉ/ADRESSE | TYPE DE PROPRIÉTÉ | TAILLE | ANNÉE DE CONSTRUCTION | PRIX INDIVIDUEL |
|---|---|---|---|---|
| 222-224 S Normandie Ave, Los Angeles, CA 90004 | Immeuble residentiel | 8 000 pi² | 1955 | - |
|
Cheryl Manor
208 S Normandie Ave, Los Angeles, CA 90004 |
Immeuble residentiel | 7 079 pi² | 1953 | - |
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208 & 222-224 S Normandie Ave
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