We are pleased to present 542 N. Normandie Ave, a rare 12-unit multifamily investment opportunity ideally located in the heart of the Mid-Wilshire and East Hollywood transit corridor. Built in 1988 with quality construction and spanning approximately 11,700 square feet, this three-story property offers spacious 2-bed, 2-bath units, each… Read More designed for comfortable urban living. All units are separately metered for gas and electricity. The property includes an on-site laundry facility for tenant convenience and additional income. The building provides secure entry, 16 gated parking spaces plus 2 guest spots, private balconies for select units, and a large storage area that can generate further revenue. With a current cap rate of 5% and a pro forma cap rate of 7%, the asset offers substantial upside through rent growth, operational efficiencies, and value-add improvements. One of the most immediate opportunities for investors lies in the implementation of a RUBS (Ratio Utility Billing System) program. By allocating utility expenses back to tenants, new ownership has the opportunity to significantly reduce operating costs, boost net operating income (NOI), and enhance cash flow. This streamlined approach not only increases the property’s performance but also drives long-term equity growth, positioning the asset for superior returns. Located near Melrose, Hollywood, and Koreatown, tenants benefit from proximity to major job hubs, dining, entertainment, and transit options—ensuring strong and stable demand in one of Los Angeles’ most dynamic rental markets. This property is not subject to Los Angeles City Rent Control. Only California AB 1482 statewide rent regulations apply, allowing for greater long-term rent growth and flexibility. Read Less
Property listed by Keller Williams VIP Properties, Vijay Sharma 310-259-7556
Listing Snapshot
Days Online
153
Last Updated
Property Type
MixedUse
Lot Size
0.21 Acres
Year Built
1988
MLS Number
SR25227087
Additional Details
Building
Built in 1988, 1 building, 3 stories, Entry level: 1, Entry location: 1
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Confirm your time
Fill in your details and we will contact you to confirm a time.
Michael Harby
or message me directly
Find My Dream Home
Put an experts eye on your home search! You’ll receive personalized matches of results delivered direct to you.
Import This Listing
Import Completed
To view your listing, click one of the options below.
