$1,600,000

916 S Normandie Avenue, Los Angeles, CA 90006

5,872 sqft

other
Built in 1957
6,403sqft lot
—— car garage
$272/sqft
Listed 1 month ago

Property Description

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.

Listing Status:: Active
Date Added:: September 1, 2026
Data Last Updated:: October 9, 2026 at 2:07AM
Listing Office:: Lyon Stahl Investment Real Estate, Inc. : 310-425-9838
Listing Agent:: William James : 310-600-9858
MLS ID:: CL26934849

Laundry: No Hookups
A/C: Wall/Window Unit(s)
Heating: Wall Furnace

Parking: AssignedOther

General: Stucco

County: Los Angeles

Zoning: LAR45094022005
View: City LightsView

This listing courtesy of William James , Lyon Stahl Investment Real Estate, Inc.

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

Ready to Start a VA Loan?

Get Started

NMLS #1907 ^†

Get Prequalified »

Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.