13-Unit Apartment
916 S Normandie Ave, Los Angeles, CA 90006
For Sale
$1,600,000
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 Market75
Property Features for 916 S Normandie Ave
General Information
Standard status
Size
Net Rentable
Lot size
Property subtype
Zoning
Financials
Cap Rate
Gross Rent Multiplier
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Building Details
Building Size
Year Built
Listing Agency:
Lyon Stahl Investment Real Estate, Inc.
Listed By:
William James · License CA #01734419
(310) 600-9858
Source:
Carolinakramer
Added: Sep 1
Changed: Oct 31
Last Checked: Nov 12 at 5:36PM
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.
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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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$94,485
Cap Rate
5.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,889,700
$1.9M
Cap Rate 7%
$1,349,786
$1.3M
Cap Rate 9%
$1,049,833
$1.0M
Market Conditions
NOI Build-Up for 5,872 SF
Gross rent
$186.7K $31.80/SF
− Vacancy
−$14.9K −$2.54/SF
EGI
$171.8K $29.26/SF
− OpEx
−$77.3K −$13.17/SF
NOI
$94.5K $16.09/SF
Area
Los Angeles County, CA
Vacancy
8.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,889,700
Cap Rate 7%
$1,349,786
Cap Rate 9%
$1,049,833
Alternative Uses
Best Use
Apartment 5plus
$1.35M
$1.18M – $1.57M
NOI $94,485 @ 7.0% cap · market cap 5.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.45M
$2.15M – $2.86M
NOI $171,614 @ 7.0% cap · market cap 10.73%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
13
Residential units
Location Intelligence
Trade Area within ½ mile
2,958
Businesses Nearby
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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
$841,900
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in Los Angeles, CA
Properties on Market for Apartment buildings in Los Angeles
Vacancy Rate% for Multifamily in West region
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
