We are pleased to present the opportunity to acquire 4307 S. Normandie Avenue, an 8-unit multifamily property located in the Vermont Square neighborhood of South Los Angeles. Built in 1924, this one-story building sits on a 6,447 square foot lot with 3,640 square feet of rentable space and consists of… Read More (8) 1bed/1Bath units. The property boasts an average rent of $1,287/unit and roughly 40% in rental upside to be captured in the future. All units have individual trash bins, all units are separately metered for gas and electricity and tenants' benefit from a gated entrance. The property is professionally managed and well maintained. Buyers are encouraged to verify accuracy of building records and data. Located north of West Vernon Avenue and east of South Western Avenue, the subject property is walking distance to multiple public transportation stops at the corner of South Normande Ave and West Vernon Avenue. Nearby destinations include the University of Southern California, LA Memorial Coliseum, BMO Stadium, Exposition Park, Lucas Museum of Narrative Art, Natural History Museum, and California Science Center. For commuters, the 10 and 110 Freeways are minutes away, providing access throughout Greater Los Angeles. Read Less
Property listed by Marcus & Millichap, Sevak Keshishian 818-212-2700
Listing Snapshot
Days Online
145
Last Updated
Property Type
Other
Beds
8
Square Ft.
3,640
Lot Size
0.15 Acres
Year Built
1924
MLS Number
24422513
30 Days Snapshot Of 90037
$741k
+1%
(avg) sold price
5
-28%
homes sold
88
-20%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1924, Building area total: 3,640, Levels: One, Living area: 3640, 1 story, 1 building
Heating
WallFurnace
Income
Gross income: $123,904, Net operating income: $79,778
Lot
0.148 acres, 6,449 square feet, Size: 6,449
Parking
None
Property
Zoning: LARD1.5
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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