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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$1,049,999
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
$1.2M
Price/Sqft
$369
HOA
-
Days on market
-
Sold On
-
MLS number
DW25032679
Home ConditionFair
Features
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.05M(88th), sqft - 2847(78th), beds - undefined(50th), baths - undefined(50th).

Unlock the potential of this exceptional 4-unit property situated on a spacious 9,000 sq. ft. lot, offering both immediate income and future development opportunities. Potential buyers can enjoy a 6.5% 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: Two 2-bed, 1-bath units 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
The property, built in 1949, shows signs of being well-maintained structurally and externally. However, the interior images, particularly of the kitchen and bathroom, reveal significantly dated features. The kitchen has older-style cabinets, laminate countertops, and white appliances, while the bathroom features an older vanity and basic fixtures. Flooring appears to be a mix of dated carpet and linoleum/vinyl. The presence of a wall-mounted AC unit suggests a lack of central cooling. These elements indicate that while functional, the property has not undergone major renovations in the last 20-30 years and requires substantial aesthetic updates and potential system upgrades (e.g., central AC) to meet current market expectations. It is livable but outdated, fitting the 'Fair' category.
Pros & Cons

Pros

High CAP Rate & Income Upside: The property boasts a 6.5% CAP rate, significantly exceeding the average, and current rents are below market value, offering substantial upside potential for increased cash flow.
Significant Development Potential: Situated on a spacious 9,000 sq. ft. R3 zoned lot, there's an incredible opportunity to build an additional 2-unit structure or a spacious ADU, with proposed plans available from the owners.
Prime Location & Accessibility: Located in a prime area with direct access to major attractions like SoFi Stadium, Intuit Dome, shopping centers, schools, and grocery stores, ensuring high tenant demand and convenience.
Diversified Multifamily Unit Mix: The property features a desirable mix of four units (two 2-bed/1-bath, one 2-bed/2-bath, one 1-bed/1-bath), catering to a broader tenant base and diversifying income streams.
Tenant-Friendly Amenities: Each unit is equipped with in-unit washer/dryer hookups, a highly sought-after amenity that enhances tenant convenience and rental appeal.

Cons

Tenant Occupancy & Access Restrictions: The property is tenant-occupied, requiring careful coordination for showings and inspections, which may complicate the sales process and limit immediate access for potential buyers.
Age of Property: Built in 1949, the property is 75 years old, which, despite being described as well-maintained, may imply older infrastructure and potential for future maintenance or system upgrades.
Recent Price Reduction: The list price has been reduced from an original $1.2 million to $1.05 million, which could indicate initial overpricing or market resistance, potentially affecting buyer perception.

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