The subject property is a 13-unit apartment building located at 916 S. Normandie Ave in Los Angeles. Built in 1957 and zoned LAR3, the property consists of (3) Bachelors (8) 1 Bed, 1 Bath units, and (2) Studio, 1 Bath units, totaling 8,285 rentable square feet on a 6,399-square-foot lot. The property is offered at an attractive basis of $123,000 per unit and $272 per square foot, while generating a compelling 5.97% in-place cap rate and 8.95 GRM. The asset will be delivered with four vacant units, providing the next owner with an immediate opportunity to lease units at current market rents and enhance cash flow from day one. With approximately 41% rental upside embedded in the existing rent roll, the property offers significant value-add potential, with the pro forma cap rate approaching 11% as rents are brought to market.
Additional Features
- Stucco
- Wall Furnace
- Rectangular Lot
- Multi/Split
- City Lights
- Parking spaces: 9.00
- Listing Status: Active
- Listing Agent: William James
(lic# 01734419)
of Out of Area Board
- Listing Office: Lyon Stahl Investment Real Estate, Inc.
(lic# 01972083)
- CO-Listing Agent: Peter James
(lic# 01748556)
of CLAW
- CO-Listing Office: Lyon Stahl Investment Real Estate, Inc.
(lic# 01972083)
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Based on information from CRISNet MLS as of 6th November 2026 at 12:38pm. 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.
