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916 S Normandie Ave , Los Angeles, CA 90006
$1,600,000
Est. Payment: $8,681.56/mo
1 Bed
3 Bath
5872 Sqft
Status: Active | Days on site: 23
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CLW-X82195 - CLW-X93306,CLW-C138168
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Chris Heller
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House Description

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.
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Highlights

Listed by William James , 310-600-9858 and Peter James , 310-467-7581 Lyon Stahl Investment Real Estate, Inc. , 310-425-9838. CRMLS/Multi-Regional MLS mls logo

Property Type

Multi-Family
Lot/Acreage
0.15

Year Built

1957

County

Los Angeles

Area

C17 - Mid-Wilshire

Listing ID

26934849

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:1
  • ▪ Bathrooms:3
  • ▪ Full Bathrooms:0
Appliances:Refrigerator
Air Cond:Wall/Window Unit(s)
Fireplaces:

Exterior Features

Lot:Rectangular Lot,No Land Lease
Garage Capacity:9
Zoning:LAR4
Others:
  • ▪ Additional:Stucco, 2+ Total Units
Parking Features:Attached Carport,Assigned
Principal Interest
$8,682
Taxes
$1,020

Home Price

$1,600,000

Loan Details

30 yrs
7.192%

Down Payment

20%
$320,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$8,681.56

Principal

Taxes

Principal Taxes HOA Total
Monthly $8,681.56 $1,020.00 $0.00 $9,701.56
Yearly $104,178.70 $12,240.00 $0.00 $116,418.70
Total $3,125,360.94 $367,200.00 $0.00 $3,492,560.94

Today's Rates

30 Year

7.19%

20 Year

6.73%

15 Year

6.48%

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Market insight data is pulled from the same city as the listing being viewed (Los Angeles, CA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information from California Regional Multiple Listing Service, Inc. 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. All properties are subject to prior sale, change or withdrawal.

IDX service by Blueroof 360

Data last updated: 2026-09-25T17:04:55.000Z

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