
Los Angeles, California 90037
Excellent investment opportunity in the City of Los Angeles. This fully occupied, well-maintained multifamily property consists of eight one-bedroom, one-bathroom units. The owner provides ongoing maintenance and promptly addresses tenants’ repair requests. Each unit is separately metered for gas and electricity, while the owner pays for water and trash service. Conveniently located near Normandie Avenue and Vernon Avenue, with easy access to major streets, public transportation, shopping, and neighborhood amenities. The property does not include garage parking. Please do not disturb the occupants. Interior inspection is subject to an accepted offer. All offers must include a lender pre-approval letter, proof of funds, and the buyer’s FICO score. Buyer and buyer’s agent are advised to independently verify all property information, rental income, expenses, permits, and applicable rent-control requirements.
Property is moderate renovation needed.
Built in 1924, the property is 100 years old and shows dated exterior finishes and entryways. While the listing describes it as well-maintained and fully occupied, the lack of evidence regarding recent major renovations to kitchens, baths, or systems suggests the property is in functional but dated condition, typical of a 20+ year maintenance cycle.
The property is fully occupied with eight one-bedroom units, providing a stable and immediate stream of rental income for investors.
Units are separately metered for gas and electricity, shifting the primary utility costs to tenants and reducing the owner's monthly operating expenses.
Conveniently located near Normandie and Vernon Avenues, the property offers excellent access to public transportation and local amenities, ensuring high rental demand.
The property does not include garage or dedicated on-site parking, which is a significant drawback in the Los Angeles rental market.
Interior inspections are subject to an accepted offer, requiring buyers to perform initial valuations without a full physical assessment of the unit conditions.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-2 • 0.6 mi
Grades K-5 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 11.0 |
| Baths | 0.0 | 5.7 |
| Square foot | 3,640 | 4,165.789 |
| Lot Size | 6,449 | 6,696 |
| Price | $1.40M | $956.9K |
| Price per sq ft | $385 | $273 |
| Built year | 1924 | 1937 |
| HOA | $0 | $907 |
| Days on market | 49 | 134 |
Sep 21, 2026
$1,400,000
Initial Listing
Dec 19, 2024
$1,250,000
Public Record