7319 S Normandie, Los Angeles, CA 90044
7319 S Normandie, Los Angeles, CA 90044
7319 S Normandie, Los Angeles, CA 90044
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Elite Real Estate Group

Elite Real Estate Group

$875,000
Est. payment /mo
5,201 Sqft Lot
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Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID SR26178656

HOA Y/N No

Year Built 1932

Lot Size 5,201 Sqft

Property Sub-Type Quadruplex

Property Description

Positioned in the heart of Mid City Los Angeles, this gated two story 4 plex presents an attractive opportunity for investors seeking both immediate rental income and long-term flexibility.The property features four separate units two 2 bedroom units and two 1 bedroom units each offering a functional layout with living space, kitchen, and bedrooms. On site parking and a fully gated configuration add convenience and security for residents. Location is a major advantage. The property is minutes from SoFi Stadium, Intuit Dome, LA Live, the Los Angeles Memorial Coliseum, and BMO Stadium, while USC is approximately 4 miles away and LAX is about 10 miles east. With easy access to some of Los Angeles' most prominent destinations, the property is positioned in an active residential market with strong connectivity. For investors, the property offers an approximate 6.55% cap rate, creating an opportunity to acquire an income producing multifamily asset in a highly desirable Los Angeles location. Adding another layer of potential, the property offers mixed use possibilities, with space that may provide an opportunity for commercial use on the ground level and residential living above, subject to applicable zoning and local regulations. This flexibility could appeal to investors looking to diversify income streams or owners interested in combining business and residential use.

Location

State CA

County Los Angeles

Area C34 - Los Angeles Southwest

Interior

Cooling Central Air

Flooring Laminate

Fireplaces Type None

Fireplace No

Laundry None

Exterior

Pool None

Community Features Curbs, Street Lights, Sidewalks

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected

Total Parking Spaces 4

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 2

Entry Level Two

Foundation Slab

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 6018008023

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

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Listed by Jasmine Bonnell Pinnacle Estate Properties, Inc. 818-277-8334, DRE #02079082

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Elite Real Estate Group

Elite Real Estate Group

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7319 S Normandie