Excellent 12-unit investment opportunity located in the highly desirable Mid-Wilshire/Koreatown area of Los Angeles. 541 S Normandie Ave offers strong current income with significant rental upside potential. The property consists of a unit mix of eight 1-bedroom/1-bath units and four studio units situated on a 7,509 SF lot with LAR4 zoning. Seismic retrofit has already been completed, adding substantial value and reducing future capital expenditure concerns. Property also includes plans for additional ADU units, creating a rare opportunity for increased density and future income growth. Seller may offer favorable seller financing terms with as little as 25% down, featuring a 10-year interest-only note with no prepayment penalty. Centrally located near Wilshire Blvd, dining, shopping, public transit, and major employment centers. Excellent opportunity for investors seeking cash flow with long-term appreciation potential.
For sale
$1,950,000
541 S Normandie Ave, Los Angeles, CA 90020
8beds
12baths
7,481sqft
Multi Family
Built in 1955
-- sqft lot
$1,858,600 Zestimate®
$261/sqft
$-- HOA
What's special
- 34 days |
- 107 |
- 10 |
Zillow last checked:
Listing updated:
Listed by:
Christian Santiago DRE # 02153492 310-382-7731,
Moradian Enterprises, Inc. 310-467-6320
Source: CLAW,MLS#: 26835655
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 12
Heating
- Wall
Cooling
- None
Interior area
- Total structure area: 7,481
- Total interior livable area: 7,481 sqft
Property
Parking
- Parking features: Driveway, Assigned
- Has uncovered spaces: Yes
Features
- Levels: Multi/Split
- Stories: 2
Lot
- Size: 7,509 Square Feet
Details
- Additional structures: Stall(s)
- Parcel number: 5502017003
- Zoning: LAR4
- Special conditions: Standard
- Other equipment: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- Year built: 1955
Community & HOA
Location
- Region: Los Angeles
Financial & listing details
- Price per square foot: $261/sqft
- Tax assessed value: $496,708
- Date on market: 5/19/2026
Estimated market value
$1,858,600
$1.77M - $1.95M
$2,513/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/19/2026 | Listed for sale | $1,950,000-2.3%$261/sqft |
Source: | ||
| 5/18/2026 | Listing removed | $1,995,000$267/sqft |
Source: | ||
| 4/14/2026 | Listed for sale | $1,995,000$267/sqft |
Source: | ||
| 3/24/2026 | Listing removed | $1,995,000$267/sqft |
Source: | ||
| 2/20/2026 | Price change | $1,995,000-5%$267/sqft |
Source: | ||
| 2/1/2026 | Listed for sale | $2,100,000+13.5%$281/sqft |
Source: | ||
| 7/25/2025 | Sold | $1,850,000-5.1%$247/sqft |
Source: | ||
| 5/21/2025 | Listed for sale | $1,950,000$261/sqft |
Source: | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: Koreatown
Nearby schools
GreatSchools rating
- 5/10UCLA Community SchoolGrades: K-12Distance: 0.4 mi
- 4/10RFK Community Schools-Ambassador School of Global LeadershipGrades: 6-12Distance: 0.4 mi
- 5/10RFK Community Schools Los Angeles High School Of The ArtsGrades: 9-12Distance: 0.4 mi
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- California
- Los Angeles County
- Los Angeles
- 90020
- Koreatown
- 541 S Normandie Ave





