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9819S S Normandie Ave, Los Angeles, CA, 90044

3beds
1baths
2,600sqft
$900,000
$346price/sqft
$5,783/moest. monthly cost
$231,320/yrincome needed

About This Home

3BD Home +Two Storefronts .Mixed-Use | Located in the heart of Los Angeles, is a fully stabilized mixed-use investment opportunity offering nearly an 8% CAP rate and strong in-place cash flow. The property consists of two retail storefronts facing S. Normandie Avenue, each approximately +/-800 square feet, and a detached single-family residence in the rear with its own private driveway and direct access to Normandie Ave., +/-1,000 square feet. All units have been remodeled in recent years, showcasing true pride of ownership. The property is 100% occupied with long-term leases in place: The Mini Market pays $1,700 per month (lease expires March 1, 2027), the Storefront#2 (lease is MTM), and the Residential Unit-Vacant can be leased for +/-3,000.00 per month or used as a primary residence. This turnkey asset offers investors a rare opportunity to acquire a well-maintained, income-producing property with diversified retail and residential income in a strong Los Angeles rental market.

Getting Around

71
WalkingVery Walkable
55
TransitGood Transit
61
BikeBikeable

Schools

Construction

Condition

  • Year built: 1951

Type & Style

  • Home type: SingleFamily
  • Property subType: Mixed Use

Interior

Appliances

  • Laundry features: Washer Hookup,Gas Dryer Hookup

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 1
  • Full bathrooms: 1
  • Main level bathrooms: 1
  • Main level bedrooms: 3

Cooling

  • Cooling features: Wall/Window Unit(s)

Features

  • Walk-In Pantry
  • Fireplace features: None
  • Common walls with other units/homes: 1 Common Wall

Interior Area

  • Total interior livable area: 2,600 sqft

Pantry

  • Features: Walk-In Pantry

Property

Accessibility

  • Accessibility features: Parking

Details

  • Parcel number: 6055013042
  • Attached to another structure: Yes
  • Special condition: Standard

Features

  • Levels: One
  • Stories: 1
  • Entry location: 1
  • Pool features: None
  • Fencing: Privacy
  • Has view: Yes
  • View description: Neighborhood

Lot

  • Lot size: 3,723 sqft
  • Features: 0-1 Unit/Acre

Parking

  • Total spaces: 2
  • Parking features: Driveway,Public,Private
  • Uncovered spaces: 2