Located at the intersection of Normandie and 6th, just one block from the iconic Quarters KBBQ, this 12-unit apartment building offers an exceptional opportunity to acquire a value-add asset in one of Los Angeles' most vibrant and high-demand rental markets. The property consists of one bachelor, three singles, and eight one-bedroom units only one of which has been renovated in the past 30 years, (light touch up in others) making it a perfect candidate for a comprehensive renovation strategy. This provides a clear path to capturing substantial upside through targeted unit upgrades and improved management. The building also features a garage at the front, which could be considered for future ADU conversion, as well as a rear parking area and an on-site laundry room with owner-owned washer/dryers, providing additional income. The property benefits from a charming side garden that is well-maintained by tenants, enhancing the building's curb appeal and offering a welcoming environment. Despite a current in-place cap rate of just 3.73%, the property's proforma cap rate exceeds 10.5%, even under conservative underwriting assumptions. This significant upside potential makes it a rare find in today's market, with the ability to create substantial value and unlock a high return on investment. With the location, strong rental demand, and numerous avenues for growth, this Koreatown asset offers a rare opportunity to reposition and capitalize on long-term appreciation and income growth.
Sold for $1,850,000 on 07/25/25
$1,850,000
541 S Normandie Ave, Los Angeles, CA 90020
8beds
12baths
7,481sqft
Multi Family
Built in 1955
-- sqft lot
$1,849,000 Zestimate®
$247/sqft
$-- Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: July 28, 2025 at 05:26am
Listed by:
Shaya Braverman DRE # 01861842 310-614-8572,
Keller Williams Beverly Hills 310-432-6400
Bought with:
Michael Pesci, DRE # 01274379
Keller Williams Studio City
James Antonucci, DRE # 01822661
Keller Williams Realty-Studio City
Source: CLAW,MLS#: 25541707

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 12
Heating
- Wall
Cooling
- Ceiling Fan(s)
Appliances
- Included: Gas Cooktop, Refrigerator, Range/Oven
- Laundry: In Garage
Interior area
- Total structure area: 7,481
- Total interior livable area: 7,481 sqft
Property
Parking
- Total spaces: 11
- Parking features: Detached Carport
- Has carport: Yes
Features
- Levels: Multi/Split
Lot
- Size: 7,509 sqft
Details
- Additional structures: None
- Zoning: LAR4
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- Year built: 1955
Community & neighborhood
Location
- Region: Los Angeles
Services availability
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Estimated market value
$1,849,000