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.
Under contract
$1,950,000
541 S Normandie Ave, Los Angeles, CA 90020
8beds
12baths
7,481sqft
Multi Family
Built in 1955
-- sqft lot
$1,837,900 Zestimate®
$261/sqft
$-- HOA
What's special
- 88 days |
- 124 |
- 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
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
Zestimate®
$1,837,900
Estimated sales range
$1.75M - $1.93M
Rent Zestimate®
$2,563/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/3/2026 | Contingent | $1,950,000$261/sqft |
Source: | ||
| 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
Payment breakdown
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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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