$ 900,000
-
$900,000
Price -
0
Bed -
0
Bath -
2,600
SqFt
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About the Listing KKWS02 - IGSTALKAN
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. Located in the heart of Los Angeles, 9819, 9821 & 9821 1/2 S. Normandie Avenue 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. 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 pays $2,550 per month (lease expires December 31, 2027), generating a total monthly income of $5,950 ($71,400 annually).
Listing Highlights
Status
Active
Days on Site
38
Property Type
Commercial Sale
MLS ®
IG26042385
Year Built
1951
Total Square Footage
2,600
Lot/Acreage
0.09
County
Los Angeles
Area
699 - Not Defined
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: 0-1 Unit/Acre,No Landscaping,Rectangular Lot,No Land Lease
- Garage Capacity: N/A
- Roof:
- Others: 2+ Total Units
- Sewer:
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 6055013042
- Tax Year: N/A
Payment Calculator
Monthly Payment
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- in Taxes
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Questions About..
9819 S Normandie Los Angeles, CA 90044
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