7319 S Normandie, Los Angeles, CA 90044
- $900,000
- List Price
- $900,000
- Price Change
- ▼ $300,000 1773963309
- Status
- ACTIVE
- MLS#
- SR26034334
- Year Built
- 1932
- Lot Size
- 5,200
- Acres
- 0.12
- Lot Location
- 0-1 Unit/Acre
- Days on Market
- 169
- Property Type
- Multifamily
- Property Sub Type
- Quadruplex
- Stories
- Two Levels
Property Description
This two-story 4-plex is located in Mid-City Los Angeles. The property includes four units, with two 2-bedroom units and two 1-bedroom units, each featuring a living area, functional kitchen, and bedrooms. The property also offers on-site parking and is fully gated, providing added security and convenience. Its central location places it just minutes from SoFi Stadium, Intuit Dome, LA Live, the Memorial Coliseum, and BMO Stadium, as well as 4 miles south of USC and 10 miles east of LAX. This makes it a great option for investors or owners looking for rental income in a well-connected Los Angeles location. The property offers the opportunity to own an income-producing asset in an active residential area, with an approximate cap rate of 6.37%. The property also has mixed-use potential, with space that may be used for commercial purposes on the ground level and residential living above. This setup offers flexibility for investors who want multiple income streams or for owners interested in combining business and residential use, in line with local zoning regulations. Please do not disturb tenants or enter the property for any reason.
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Additional Information
- Pool Description
- None
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 4
- Gross Scheduled Income
- $64,000
- Operating Expense
- 6716
Listing courtesy of Listing Agent: Jasmine Bonnell (j.sullivangroup@gmail.com) from Listing Office: Pinnacle Estate Properties, Inc..
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.