13-Unit Apartment
For Sale
$1,600,000
916 S Normandie Ave, Los Angeles, CA 90006
A varied unit mix and four vacant apartments offer flexibility within this established Los Angeles property.
Property Size5,872 SF
Lot Size0.15 Acres
Price / SF$272.48
Days on Market27
Property Features for 916 S Normandie Ave
General Information
Standard status
Active
Size
5,872 SF
Net Rentable
8,285 SF
Lot size
0.15 Acres
Property subtype
MULTI_FAMILY
Zoning
LAR3
Financials
Cap Rate
5.97%
Gross Rent Multiplier
8.95
Units
Unit Mix
3 x Bachelors, 8 x 1BR/1BA, 2 x Studio/1BA
Multifamily Units
13
Building Details
Building Size
5,872 SF
Year Built
1957
Listing Agency:
Lyon Stahl Investment Real Estate, Inc.
Listed By:
William James · License #01734419
(310) 600-9858
Source:
Carolinakramer
Added: Sep 1
Changed: Sep 26
Last Checked: Sep 26 at 6:24AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lyon Stahl Investment Real Estate, Inc.
Investment Insights
Based on property information with market context.
Built in 1957, this 13-unit apartment property contains 8,285 rentable square feet on a 6,399-square-foot lot. The unit mix includes three bachelor apartments, eight one-bedroom, one-bathroom units, and two studio, one-bathroom units. Four apartments will be vacant at delivery. The property is zoned LAR3.
The in-place cap rate is 5.97%, with an 8.95 GRM. The existing rent roll is described as having approximately 41% rental upside; the property’s pro forma cap rate is projected to approach 11% as rents reach market levels.
The in-place cap rate is 5.97%, with an 8.95 GRM. The existing rent roll is described as having approximately 41% rental upside; the property’s pro forma cap rate is projected to approach 11% as rents reach market levels.
Key Highlights
- 13 apartments with 8,285 rentable square feet
- Unit mix: 3 bachelor units, 8 one‑bedroom/one‑bath units, and 2 studio/one‑bath units
- Four vacant units at delivery
Property Analytics
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Current Use
Lease Details
13
Residential units
Location Intelligence
Trade Area within ½ mile
2,958
Businesses Nearby
Explore this area
Business Placement
Demographics for 90006, CA
58,229
Population
21,475
Households
2.7
Avg Household Size
36
Median Age
22%
College-Educated
63%
High-School Grad
1.9 sq mi
ZIP Area
30,647
Density / Sq Mi
$49,847
Median Household Income
$31,645
Median Earnings
$1,396
Median Rent
$841,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - A varied unit mix and four vacant apartments offer flexibility within this established Los Angeles property.
Where is this apartment building located?
The property is located at 916 S Normandie Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: 13 apartments with 8,285 rentable square feet; Unit mix: 3 bachelor units, 8 one‑bedroom/one‑bath units, and 2 studio/one‑bath units; Four vacant units at delivery
