11100 S Normandie Avenue, Los Angeles, California 90044, Los Angeles, 90044 - bed, bath

11100 S Normandie Avenue, Los Angeles, California 90044 home-pic-0
ACTIVE$1,049,000
11100 S Normandie Avenue, Los Angeles, California 90044
0Bed
0Bath
2,847Sqft
9,000Lot
Year Built
1949
Close
-
List price
$1.05M
Original List price
$1.05M
Price/Sqft
$368
HOA
-
Days on market
-
Sold On
-
MLS number
DW25126632
Home ConditionFair
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.05M(85th), sqft - 2847(76th), beds - undefined(50th), baths - undefined(50th).

Unlock the potential of this exceptional 3-unit property situated on a spacious 9,000 sq. ft. lot, offering both immediate income and future development opportunities. Potential buyers can enjoy a 7%+ CAP. rate currently exceeding the average, which is usually below 5%. R3 Zoning is located in a prime area, and this property offers direct access to Sofi Stadium, Intuit Dome, shopping centers, schools, grocery stores, and more. A rare investment opportunity with strong growth potential This well-maintained multifamily asset features a desirable unit mix: One-4bed, 2-bath unit One 2-bed, 2-bath unit One 1-bed, 1-bath unit Each unit comes equipped with in-unit washer/dryer hookups, enhancing tenant convenience and rental appeal.The expansive backyard presents an incredible value-add opportunity—build an additional 2-unit structure or a spacious ADU for increased rental income. Additionally, rents are currently below market value, offering significant upside potential for investors looking to maximize cash flow. The owners have drawings for proposed plans, which they are willing to share with the new owner. Located in a prime area, this property offers direct access to Sofi Stadium, Intuit Dome, shopping centers, schools, grocery stores, and more. A rare investment opportunity with strong growth potential Property is tenant-occupied—please do not disturb tenants.

Price History

Date
Event
Price
06/07/22
Sold
$825,000
05/20/13
Sold
$310,000
03/26/12
Sold
$185,000
Condition Rating
Fair

Built in 1949, this property is aged but appears to be maintained for rental purposes. While some cosmetic updates like laminate flooring, painted kitchen cabinets, and some newer appliances are visible, the overall style and condition of the kitchens and bathrooms are functional but dated. Elements like popcorn ceilings, older light fixtures, and security bars on windows indicate that it has not undergone a full, recent renovation. Major components are functional but show signs of being outdated, aligning with the 'fair' condition criteria.
Pros & Cons

Pros

High Capitalization Rate: The property boasts a strong 7%+ CAP rate, significantly above the average, indicating excellent immediate income generation and a robust return on investment.
Significant Development Potential: R3 zoning on a spacious 9,000 sq. ft. lot allows for the addition of multiple units (e.g., 2-unit structure or ADU), with proposed plans available, offering substantial future value-add.
Prime Location & Amenities: Strategically located in a prime area with direct access to major attractions like Sofi Stadium and Intuit Dome, as well as essential shopping centers, schools, and grocery stores, enhancing tenant demand and property appreciation.
Rental Upside Potential: Current rents are below market value, providing a clear opportunity for investors to increase cash flow and maximize returns through rent adjustments to market rates.
Desirable Unit Mix & Tenant Convenience: Features a versatile unit mix (4-bed, 2-bed, 1-bed) and in-unit washer/dryer hookups for each unit, appealing to a broad tenant base and ensuring high tenant satisfaction.

Cons

Tenant-Occupied Status: The property is fully tenant-occupied, which may complicate immediate access for showings, inspections, or owner-occupancy plans, and could involve navigating tenant rights for future development.
Property Age: Built in 1949, the property is older, potentially requiring significant capital expenditures for system upgrades (e.g., plumbing, electrical) or deferred maintenance to modernize and maintain its condition.
Development Execution Complexity: While development potential is high, realizing the value-add through additional units or ADUs will require navigating the permitting process, managing construction costs, and adhering to timelines, which can be complex and time-consuming.

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