9819 S Normandie, Los Angeles, CA 90044
sale
$900,000
|
Other
Courtesy Of Keller Williams Realty Corona
Mixed-Use Commercial +3BD Home (Ready for Occupancy) | Located in the heart of Los Angeles, 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. The property is 50% occupied with long-term leases in place: The Mini Market pays $1,700 per month (lease expires March 1, 2027), the Storefront#2 (lease is MTM), and the Residential Unit-Vacant can be leased for +/-3,000.00 per month or used as a primary residence. 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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Property Features
- Age: Over 50 Years Old
- Building Units: 3
- Cooling System: Window Unit(s)
- Cooling System: Wall/Window Unit(s)
- Floors: 1
- MLSID: IG26042419
- Parking Spaces: 2
- Rooms: Laundry Room
- Rooms: Kitchen
- Rooms: Bathroom 1
- Rooms: Bedroom 3
- Rooms: Bedroom 2
- Rooms: Bedroom 1
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