5150 S Normandie Avenue, Los Angeles, CA 90037
Property
Sold April 2025
Listing Agent: Sean Namigohar (DRE #01949705) · Listing Office: Lyon Stahl Investment Real Estate, Inc. · Contact: 310-425-9838 · Bought with: Sean Namigohar · Lyon Stahl Investment Real Estate, Inc. · MLS #25491009 · Source: CRMLS
About this property
150 S. Normandie Avenue in South Los Angeles a mixed-use value-add investment property conveniently located just east of Western Avenue and south of West Vernon Avenue. The corner lot property consists of a strong unit mix of two spacious apartment units of two-bedroom and three-bedroom units, and a large ground floor commercial space. The property also offers of on-site gated parking, which the current ownership has submitted plans to build two additional ADUs on the lot consisting of two-bedroom/two-bathroom units.The offering has an attractive and low price per foot at the asking price of $162 per square foot and offers new ownership a chance to capture significant rental upside with over 42% upside in the rents. The dense, infill location of South LA comes with an easy commute to Downtown Leimert Park, USC, and Mid-City with multiple Metro local lines conveniently nearby the property.
Listing description from the April 2025 sale, as reported to CRMLS.
Sale history