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Listed by: William James (310) 600-9858 DRE #01734419, Peter James DRE #01748556 | Lyon Stahl Investment Real Estate, Inc. (310) 425-9838
$1,600,000
Monthly Est:$7,964
8 Beds
13 Baths
5,872sqft
916 S Normandie Ave, Los Angeles, CA 90006
$1,600,000
$7,964/moEst:
Get Pre-Approved
Multi Family
Built in 1957
$-- HOA
6,402 sqft lot
$272/sq.ft
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.
- Houzeo last checked: 0 minutes ago
- Listing updated: September 24, 2026 at 5:15 pm
- Source: California Regional MLS-CA | MLS#: 26934849
Property Details
Status
Active
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
Year Built
1957
HOA Fees
-
Finished Area
5,872 sqft
Lot Size
6,402 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
26934849
MLS Status
Active
Days on Market
14
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 8
Bathrooms: 13
Interior
Cooling
Wall Window Units
Heating
Wall Furnace
Appliances
Refrigerator
Construction
Year Built
Year Built: 1957
Home type
Multi Family
Architectural Style
Mid Century Modern
Construction Materials
Stucco
Utilities & Energy
Security Features
Carbon Monoxide Detectors, Gated Community, Smoke Detectors
Fireplace Features
None
Pool Features
None
Parking Features
Attached Carport, Assigned
Laundry Features
None
Other Features
Tenant Pays
Electricity, Gas
Lot Features
Rectangular Lot
Community Features
Gated
Price History
| Date | Event | Price |
|---|---|---|
09/01/2026 Source: | Listed for Sale | $1,600,000 $272/sqft |
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Based on information from California Regional Multiple Listing Service, Inc. as of Oct 09, 2026, 06:30AM and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. © 2026 California Regional Multiple Listing Service. All Rights Reserved.
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