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Summer Henry

[email protected] +1(562) 489-6263

$ 1,450,000

Est. payment -/mo

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Active

11700 S Normandie AVE Los Angeles, CA 90044

12 Beds

6 Baths

3,648 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 3,648 sqft

Price per Sqft $397

MLS Listing ID 25571227

Bedrooms 12

HOA Y/N No

Year Built 1960

Lot Size 8,110 Sqft

Property Description

6-unit multifamily investment property located at 11700 South Normandie Avenue in the 90044 zip code of Los Angeles. The 3,648 square foot subject property sits on a 8,112 square foot lot and with close proximity to the 105 Freeway as well as multiple educational institutions such as Los Angeles Southwest College, Saint Frances X Cabrini Catholic School, and West Athens Elementary, making it a perfect living place for tenants with children, or those continuing their higher education. The subject property has a very attractive unit mix of all 2 Bedroom / 1 Bathroom units and is currently 100% occupied. Five of the six units are being occupied by Section 8 tenants, providing a new investor stable and secure income . The subject property sits in one of LAs Qualified Opportunity Zones, which enables the new investor the opportunity to forego all capital gains taxes on the exit after ample renovation and a 10-year hold. Another way a savvy investor could add significant value would be to utilize the new ADU program that was rolled out state-wide at the beginning of 2020. The program would allow the addition of two, 2 Bedroom / 2 Bathroom units which would generate roughly $50,000 of extra rental income every year and add around $600,000 of property value. This new program is being utilized all over the city as it has offered investors an easy road map to increase income.

Location

State CA

County Los Angeles

Area C36 - Metropolitan Southwest

Zoning LCR3YY

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Fireplace No

Appliance Disposal

Exterior

Parking Features Carport

Total Parking Spaces 6

Building

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 6079008025

Special Listing Condition Standard

Listed by Alex Galuz Keller Williams Realty Calabasas

Nearby Locations

SCHOOLSPROPERTIES

Elementary Schools 20

9

156th Street Elementary

Public | KG - 6
8

Mark Twain Elementary School

Public | KG - 5
8

Chapman Elementary

Public | KG - 5
7

McKinley Elementary School

Public | KG - 5
6

York

Public | KG - 5
6

Kipp Empower Academy

Public | KG - 4
6

Watts Learning Center

Public | KG - 5
6

122nd Street Elementary

Public | KG - 5
6

99th Street Elementary School

Public | PK - 6
5

Zela Davis

Public | KG - 5
5

F. D. Roosevelt Elementary School

Public | KG - 5
5

Bennett - Kew Elementary School

Public | KG - 5
5

La Salle Avenue School

Public | KG - 5
5

Denker Avenue School

Public | KG - 5
5

118th Street Elementary

Public | KG - 5
5

Kipp Philosophers Academy

Public | 5 - 8
4

Kelso Elementary School

Public | KG - 6
4

Kornblum

Public | KG - 5
4

Today's Fresh Start Charter School Inglewood

Public | KG - 6
4

Amestoy Elementary School

Public | PK - 5

Middle Schools 20

6

Environmental Charter Middle - Inglewood

Public | 6 - 7
6

Alliance College-Ready Middle Academy No. 4

Public | 6 - 8
5

Prairie Vista Middle School

Public | 6 - 8
5

Bud Carson Middle School

Public | 6 - 8
4

Peary Middle School

Public | 6 - 8
4

Vanguard Learning Center

Public | 6 - 8
4

Alliance Jack H. Skirball Middle School

Public | 6 - 8
4

New Designs Charter School-Watts

Public | 6 - 12
4

Enterprise Middle School

Public | 6 - 8
2

Albert F. Monroe Elementary School

Public | 6 - 8
2

Animo Charter Middle No. 2

Public | 6 - 8
1

Century Academy for Excellence

Public | 6 - 8
1

Bret Harte Preparatory

Public | 6 - 8
1

Samuel Gompers Middle School

Public | 6 - 8
1

Watts Learning Center Charter Middle School

Public | 6 - 8
0

Renaissance Community Day

Public | 7 - 12
0

Animo Phillis Wheatley Charter Middle School

Public | 6 - 8
0

Animo Western Charter Middle School

Public | 6 - 8
0

New West Technical Academy

Private | 6 - 12
0

Benjamin Banneker Special Education Center

Public | 7 - 12

High Schools 19

8

Animo Inglewood Charter High School

Public | 9 - 12
8

Middle College High School

Public | 9 - 12
7

Alliance Judy Ivie Burton Technology Academy High School

Public | 9 - 12
6

Alliance Health Services Academy High School

Public | 9 - 12
5

Animo South los Angeles Charter

Public | 9 - 12
5

Animo Watts College Preparatory Academy

Public | 9 - 12
2

Dymally High School

Public | 9 - 12
1

Morningside High School

Public | 9 - 12
1

Executive Preparatory Academy of Finance

Public | 9 - 12
1

George Washington Prep High School

Public | 9 - 12
1

John C. Fremont High School

Public | 9 - 12
1

Alain Leroy Locke College Preparatory Academy

Public | 9 - 12
0

St Mary's Academy

Private | 9 - 12
0

Inglewood Continuation High School

Public | 9 - 12
0

Junipero Serra High School

Private | 9 - 12
0

Ellington (Duke) High (Continuation)

Public | 9 - 12
0

C. Morley Sellery Special Education Center

Public | 9 - 12
0

Youth Opportunities Unlimited

Public | 9 - 12
0

John Hope Continuation

Public | 9 - 12

School and business data provided by Attom Data.

Summer Henry

Agent | License ID: 02237810

+1(562) 489-6263

Summer Henry

11700 S Normandie AVE Los Angeles, CA 90044

Key Details

Location

Interior

Exterior

Building

Others

Nearby Locations

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11700 S Normandie AVE