Listing provided courtesy of William James of Lyon Stahl Investment Real Estate, Inc.. Last updated 2026-09-26 08:10:59.000000. Listing information © 2026 Sandicor.
Asking Price: $1,600,000 |
916 Normandie, Los Angeles CA 90006
Community: C17 - Mid-Wilshire
This property was built in 1957 and is priced at $1,600,000. Please see the additional details below.
The subject property is a 13-unit apartment building located at 916 S. Normandie Ave in Los Angeles. Built in 1957 and zoned LAR3, the property consists of (3) Bachelors (8) 1 Bed, 1 Bath units, and (2) Studio, 1 Bath units, totaling 8,285 rentable square feet on a 6,399-square-foot lot. The property is offered at an attractive basis of $123,000 per unit and $272 per square foot, while generating a compelling 5.97% in-place cap rate and 8.95 GRM. The asset will be delivered with four vacant units, providing the next owner with an immediate opportunity to lease units at current market rents and enhance cash flow from day one. With approximately 41% rental upside embedded in the existing rent roll, the property offers significant value-add potential, with the pro forma cap rate approaching 11% as rents are brought to market.
