9819 S Normandie Los Angeles, CA 90044
Other
MLS #: IG26042385
Courtesy Of Keller Williams Realty Corona
Property InformationDescription
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).
Features
- Age: Over 50 Years Old
- Architecture Style: Other
- MLSID: IG26042385
MAP & DIRECTIONS
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