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5900 S Normandie Avenue

Los Angeles (City), CA 90044
  • $1,295,000
  • STATUS: Active
  • ON SITE: 10 Days
  • ID#: SB23227187
UPDATED: 51 min ago
$1,295,000
  • 0
    BEDS
  • 0.08
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1939
County:

School Ratings & Info

Listing Agent(s): Justin Miller of Beach City Brokers (310-543-3536)


Description

5900 S Normandie: Prime Investment Property.This property, situated at the high-traffic corner of South Normandie Avenue and West 59th Street, is a standout investment opportunity, featuring a walk-out restaurant and a retail space, both currently under successful leases.Leased Restaurant Space: Fully operational walk-out restaurant with an existing lease, providing immediate income.Thriving Retail Market: The adjacent retail unit is currently a successful market, also under lease, contributing to the propertys steady income stream.Residential Unit: The property includes a two-bedroom, two-bathroom apartment, offering additional leasing income or owner occupancy potential.Strategic Location: Positioned at a busy intersection, ensuring high visibility and constant foot traffic to commercial tenants.Solid Investment: With both commercial units occupied by thriving businesses and a desirable residential space, this property presents a secure, lucrative investment opportunity.A perfect option for investors seeking a property with established tenants in a vibrant neighborhood. Contact for investment details or to arrange a viewing.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-02-23T18:36:18.26. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Rusnell Real Estate Group | Vista Sotheby's. Licensed in the State of California, USA.
www.rusnellproperties.com/homes/147561719
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5900 S Normandie Avenue Los Angeles (City), CA 90044

  • Price: $1,295,000
  • Status: Active
  • On Site: 10 Days
  • Updated: 51 min ago
  • ID#: SB23227187
0
Beds
0
Baths
0
½ Baths
0.08
Acres
1939
Built
Neighborhood:
C34 - Los Angeles Southwest
County:
Los Angeles
Area:
C34 - Los Angeles Southwest
Property Description
5900 S Normandie: Prime Investment Property.This property, situated at the high-traffic corner of South Normandie Avenue and West 59th Street, is a standout investment opportunity, featuring a walk-out restaurant and a retail space, both currently under successful leases.Leased Restaurant Space: Fully operational walk-out restaurant with an existing lease, providing immediate income.Thriving Retail Market: The adjacent retail unit is currently a successful market, also under lease, contributing to the propertys steady income stream.Residential Unit: The property includes a two-bedroom, two-bathroom apartment, offering additional leasing income or owner occupancy potential.Strategic Location: Positioned at a busy intersection, ensuring high visibility and constant foot traffic to commercial tenants.Solid Investment: With both commercial units occupied by thriving businesses and a desirable residential space, this property presents a secure, lucrative investment opportunity.A perfect option for investors seeking a property with established tenants in a vibrant neighborhood. Contact for investment details or to arrange a viewing.
Exterior Features

Entry Level 1 Entry Location 1 Lot Features Flag Lot Number Of Separate Electric Meters 1 Parking Total 0 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 2+ Common WallsNo One Above

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Common Interest None Community Features Sidewalks Electric Expense 0 Fuel Expense 0 Garage YN No Gross Income 0 Gross Scheduled Income 0 Insurance Expense 0 Land Lease YN No Laundry Features None Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Submit Net Operating Income 0 New Construction YN No Number Of Separate Gas Meters 1 Number Of Separate Water Meters 1 Number Of Units Leased 2 Operating Expense 0 Property Sub Type Triplex Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tax Annual Amount 14721 Tax Year 2023 Total Actual Rent 9500 Trash Expense 0 Water Sewer Expense 0 Water Source Public Zoning LAC2



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-02-23T18:36:18.26. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Rusnell Real Estate Group | Vista Sotheby's. Licensed in the State of California, USA.
 
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Rusnell Real Estate Group | Vista Sotheby's
16 Malaga Cove Plaza
Palos Verdes Estates CA, 90274
Listing Agent(s): Justin Miller of Beach City Brokers (310-543-3536)