Property listed by Keller Williams Realty, Kanani Stallings 951-271-3000
9819 S Normandie
Los Angeles, CA 90044
Square Ft.
2,600
$900,000
Investment Opportunity-Mixed-Use | Two Storefronts + 3BD Home. 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… Read More a detached single-family residence in the rear with its own private driveway and direct access to Normandie Ave., +/-1,000 square feet. All units have been remodeled in recent years, showcasing true pride of ownership. The property is 100% occupied with long-term leases in place: The Mini Market pays $1,700 per month (lease expires March 1, 2027), the Smoke Shop pays $1,700 per month (lease expires December 1, 2027), 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. Read Less
Listing Snapshot
Days Online
88
Last Updated
Property Type
MixedUse
Square Ft.
2,600
Lot Size
0.09 Acres
Year Built
1951
MLS Number
IG26042385
Additional Details
Building
Built in 1951, 2 buildings, 1 storey, Entry level: 1
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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