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132 N Normandie

Los Angeles (City), CA 90004
  • $1,945,000
  • STATUS: Active
  • ON SITE: 16 Days
  • ID#: SR26094522
UPDATED: 38 min ago
$1,945,000
  • 0
    BEDS
  • 0.13
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1958
County:

School Ratings & Info

Listing Agent(s): Ashkan Etemad-Sadati of Re/Max Luxe (818-730-1213)


Description

Nestled in the heart of prime Koreatown, this 8-unit property offers an attractive investment opportunity with a versatile unit mix comprised of 1 studio unit, 6 one-bedroom units, and 1 two-bedroom unit, appealing to a wide range of tenants. Spanning approximately 6,080 square feet on a 5,749-square-foot lot, the property also features 7 to 8 tandem parking spaces. Currently generating a gross annual rent of approximately $145,224, the asset presents strong upside potential in rents. With a permit already pulled for the soft-story retrofit, a new roof underway, and several units recently updated, this property combines current income with clear value-add opportunities. Ideally located in a vibrant, walkable neighborhood near shops, dining, and public transit, this is a prime opportunity to invest in one of Los Angeles’ most dynamic and in-demand rental markets.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2026-05-18T14:35:22.14. 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 deemed reliable but is not guaranteed accurate by the MLS or The Bob Kelly Team | Berkshire Hathaway Home Services Ca. Properties. Licensed in the State of California, USA.
www.bobkellyteam.com/homes/176006152
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132 N Normandie Los Angeles (City), CA 90004

  • Price: $1,945,000
  • Status: Active
  • On Site: 16 Days
  • Updated: 38 min ago
  • ID#: SR26094522
0
Beds
0
Baths
0
½ Baths
0.13
Acres
1958
Built
Neighborhood:
C17 - Mid-Wilshire
County:
Los Angeles
Area:
C17 - Mid-Wilshire
Property Description
Nestled in the heart of prime Koreatown, this 8-unit property offers an attractive investment opportunity with a versatile unit mix comprised of 1 studio unit, 6 one-bedroom units, and 1 two-bedroom unit, appealing to a wide range of tenants. Spanning approximately 6,080 square feet on a 5,749-square-foot lot, the property also features 7 to 8 tandem parking spaces. Currently generating a gross annual rent of approximately $145,224, the asset presents strong upside potential in rents. With a permit already pulled for the soft-story retrofit, a new roof underway, and several units recently updated, this property combines current income with clear value-add opportunities. Ideally located in a vibrant, walkable neighborhood near shops, dining, and public transit, this is a prime opportunity to invest in one of Los Angeles’ most dynamic and in-demand rental markets.
Exterior Features

Entry Level 1 Entry Location Front Lot Features No Landscaping Number Of Separate Electric Meters 8 Parking Total 0 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 2+ Common Walls

Property Features

Additional Parcels YN No Cable Tv Expense 0 Common Interest None Community Features Storm Drain(s)Street LightsSidewalks Electric Expense 0 Fuel Expense 3240 Garage YN No Gross Income 145224 Gross Scheduled Income 145224 Insurance Expense 8400 Land Lease YN No Laundry Features Washer HookupGas Dryer HookupInside Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash to New Loan Maintenance Expense 4500 Net Operating Income 100164 New Construction YN No New Taxes Expense 21395 Number Of Separate Gas Meters 8 Number Of Separate Water Meters 1 Operating Expense 45059.8 Pest Control Expense 0 Pool Expense 0 Property Sub Type Apartment Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Supplies Expense 0 Tenant Pays ElectricityGas Trash Expense 0 Water Sewer Expense 14400 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2026-05-18T14:35:22.14. 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 deemed reliable but is not guaranteed accurate by the MLS or The Bob Kelly Team | Berkshire Hathaway Home Services Ca. Properties. Licensed in the State of California, USA.
 
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The Bob Kelly Team | Berkshire Hathaway Home Services Ca. Properties
2355 Northside Drive, Suite 180
San Diego CA, 92108
Listing Agent(s): Ashkan Etemad-Sadati of Re/Max Luxe (818-730-1213)