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$900,000
New Listing

9819 S Normandie
Los Angeles, CA 90044

For Sale|Mixed Use|Active
0
Beds
0
Total Baths
2,600
SqFt
$346
/SqFt
1951
Built
County:
Los Angeles
Listed by Kanani Stallings of Keller Williams Realty [email protected]

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9819 S Normandie9819 S Normandie9819 S Normandie9819 S Normandie
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Located in the heart of Los Angeles, 9819, 9821 & 9821 1/2 S. Normandie Avenue 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. All units have been remodeled in recent years, showcasing true pride of ownership. The property is 100% occupied with long-term leases in place: The Mini Market pays $1,700 per month (lease expires March 1, 2027), the Smoke Shop pays $1,700 per month (lease expires December 1, 2027), and the residential unit pays $2,550 per month (lease expires December 31, 2027), generating a total monthly income of $5,950 ($71,400 annually). 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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Listing Snapshot
Price 
$900,000
Days On Site 
0 Days
Bedrooms 
N/A
Inside Area (SqFt) 
2,600 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.0855 Acres
Year Built 
1951
MLS® Number 
IG26042385
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Assessor
Friends & Family
Recent Activity
23 hours agoListing first seen on site
23 hours agoListing updated with changes from the MLS®
General Features
Acres 
0.0855
Number Of Stories 
1
Property Sub Type 
Mixed Use
Special Circumstances 
Standard
SqFt Total 
2600
Water Source 
Public
Interior Features
Laundry Features 
Laundry Room
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Exterior Features
Lot Features 
Rectangular Lot
Community Features
Financing Terms Available 
CashConventionalSubmit1031 Exchange
MLS Area 
699 - Not Defined


This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Neighborhood & Commute
Source: Walkscore
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