6 Units in Los Angeles

California & West + Apartments

Created date: September 28, 2023

Date last updated: October 25, 2023

> Great Cash Flow!
> Located in Unincorporated LA County
> 6.70% Actual CAP / 8% Pro Forma
> Unit Mix consist of: (1) 3 Bedroom / 2 Bath,
(1) 2 Bedroom / 1 Bath, and (4) 1 Bedroom / 1 Bath
> 2.3 Miles to SoFi Stadium and The Kia Forum
> Low Price Per Sq.Ft. – $234 (Below Replacement Cost)

Property Description

8910 S Normandie is a great opportunity for Cash Flow! This Six (6) Unit property consists of (1) 3 Bedroom / 2 Bath, (1) 2 Bedroom / 1 Bath, and (4) 1 Bedroom / 1 Bath Units. Centrally located, and only 2.3 miles from SoFi Stadium and The Kia Forum, the property is perfectly positioned to capture a huge tenant pool. With an actual 6.70% CAP rate in place, with the potential of a 8% Pro-Froma CAP Rate with Market Rents, an investor will experience great upside. Additionally, at only $234/ Foot, this is being offered below the Replacement Cost.

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Key Property Information

Listing Status:	Available
Multifamily type:	Apartments
Price:	$1,325,000
No. of Units:	6
Cap Rate:	6.70%
GRM /GIM:	10.83
Year Built:	1961
Building Size:	5,660 Sq ft
Lot Size:	6,822.00 Sq ft
No. of Stories:	2
APN:	6047-012-015
Opportunity Zone:	Yes
Price per unit:	$220,833