848 S Normandie Avenue, Los Angeles, CA 90005

About this property

Presented for sale is a 4 Unit Apartment Building with tremendous redevelopment upside! This building features huge 3+1 homes with 4+ parking spaces in the rear. There is currently one vacant unit and a potential to deliver the three other units with cash-for-keys agreements. With a low offer price of $283 a square foot, getting to Market Rents can push this deal to a mid 7 CAP or build 29 units on site. Come be at the center of it all, surrounded by casual and fine dining, two blocks to Seoul International Park, less than half a mile / four blocks to the Metro Red Line Subway Station, music, bars, shopping...hard to ask for more!

Listing description from the December 2020 sale, as reported to CRMLS.

Sale history

$1,510,000

Sold December 2020 · listed $1,600,000, orig. $1,800,000, on market June 2020 · MLS #20586674 · Source: CRMLS

Listing Agent: Dario Svidler · Listing Office: Compass · Contact: 310-500-3900 · Bought with: Colby Jo · Omni Realty & Investment Group

$1,460,000

Sold April 2019 · listed $1,555,000, on market January 2019 · MLS #19422760 · Source: CRMLS

Listing Agent: Eunjung McCartney · Listing Office: Keller Williams Larchmont · Contact: 323-762-2600 · Bought with: Eunjung McCartney · Vista Sotheby's International

$1,200,000

Sold September 2016 · listed $1,175,000, orig. $1,260,000, on market February 2016 · MLS #16983699 · Source: CRMLS

Listing Agent: Avraham Khordian · Listing Office: Living In America Financial · Bought with: Chris Kee Um · Omni Realty & Investment Group

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