151 N Normandie Ave, Los Angeles, CA 90004

Marcus & Millichap is pleased to offer for sale a sixteen unit Non-Rent Controlled apartment located in the Mid-Wilshire/Korea Town submarket of Los Angeles. The subject property offers investors the opportunity to acquire a fantastic asset with a stable operating history and nearly 20% of upside in rents.Consisting of one two-story building situated on a 7,510 foot parcel, the property features a great unit mix with (6) 2+2s and (10) 1+1s. There are sixteen gated parking spaces, on-site laundry facilities, and each unit is separately metered for gas and electricity.The subject property is located on Normandie between Beverly and 3rd Street. Centrally located and within walking distance of the Red Line the building offers easy access to Downtown, Hollywood, and Koreatown.