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$1,285,000
Est. payment /mo
8 Beds
8 Baths
3,640 SqFt
UPDATED:
12/05/2024 03:36 AM
Key Details
Property Type Multi-Family
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 3,640 sqft
Price per Sqft $353
MLS Listing ID 24422513
Bedrooms 8
HOA Y/N No
Year Built 1924
Lot Size 6,446 Sqft
Property Description
We are pleased to present the opportunity to acquire 4307 S. Normandie Avenue, an 8-unit multifamily property located in the Vermont Square neighborhood of South Los Angeles. Built in 1924, this one-story building sits on a 6,447 square foot lot with 3,640 square feet of rentable space and consists of (8) 1bed/1Bath units. The property boasts an average rent of $1,287/unit and roughly 40% in rental upside to be captured in the future. All units have individual trash bins, all units are separately metered for gas and electricity and tenants' benefit from a gated entrance. The property is professionally managed and well maintained. Buyers are encouraged to verify accuracy of building records and data. Located north of West Vernon Avenue and east of South Western Avenue, the subject property is walking distance to multiple public transportation stops at the corner of South Normande Ave and West Vernon Avenue. Nearby destinations include the University of Southern California, LA Memorial Coliseum, BMO Stadium, Exposition Park, Lucas Museum of Narrative Art, Natural History Museum, and California Science Center. For commuters, the 10 and 110 Freeways are minutes away, providing access throughout Greater Los Angeles.
Location
State CA
County Los Angeles
Area C34 - Los Angeles Southwest
Zoning LARD1.5
Interior
Heating Wall Furnace
Fireplace No
Exterior
Parking Features None
Building
Story 1
Entry Level One
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 5021017038
Special Listing Condition Standard
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Listed by Sevak Keshishian • Marcus & Millichap