9819 S S. Normandie, Los Angeles, CA 90044
- $900,000
- 3
- BD
- 1
- BA
- 2,600
- SqFt
List Agent Kanani Stallings () Keller Williams Realty; CoList ()
- List Price
- $900,000
- Status
- ACTIVE
- MLS#
- IG26042419
- Year Built
- 1951
- Bedrooms
- 3
- Bathrooms
- 1
- Living Sq. Ft
- 2,600
- Lot Size
- 3,723
- Lot Location
- 0-1 Unit/Acre
- Days on Market
- 156
- Property Type
- Single Family Residential
- Property Sub Type
- Mixed Use
- Stories
- One Level
Property Description
Mixed-Use Commercial +3BD Home (Ready for Occupancy) | 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. The property is 50% 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.
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Additional Information
- Other Buildings
- Storage
- Pool Description
- None
- Cooling
- Yes
- Cooling Description
- Wall/Window Unit(s)
- View
- Neighborhood
- Sewer
- Public Sewer
- Water
- Public
- School District
- Los Angeles Unified
Mortgage Calculator
Based on information from CRISNet MLS as of . 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. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.