18424 S Normandie Avenue
Gardena, CA 90248
- – beds
- – baths
- – sqft
- ~3/4 acre lot
- 1963 build
- – on site
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The Villa Normandie Apartments, located at 18424 South Normandie Avenue in Gardena P.O. (city of Los Angeles), is the type of beautiful "turn-key" South Bay asset that rarely hits the market. The 46 units consist of 42 one-bedroom/one bath units, one two-bedroom/one bath unit and three studio units. The property is master metered for utilities. Many tenants enjoy making one payment for both rent and utilities combined, which is another factor as to why this property enjoys a stable tenant base and strong rental collections. Each unit has its own on-site parking space, and for the tenants’ convenience there is also a laundry room on-site (leased). Additionally, there is a sparkling re-done pool for the tenants to enjoy. There is also a cozy office for use by the on-site management, and an updated and convenient intercom security system for guests to the property. The property generates a very strong return from day one of ownership and can be financed with today’s historically low interest rates. Additionally, the property has over 10 percent of upside on the existing rents.
Listed By CRMLS_CA / Josh Cohen / Josh Cohen
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Last updated Apr 7, 2024
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MLS# SB13212679 —
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Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
4/2/21
Apr 2, 2021
|
Listed / Active | CRMLS_CA | ||
5/1/20
May 1, 2020
|
Price Changed | CRMLS_CA | ||
1/12/20
Jan 12, 2020
|
Listed / Active | CRMLS_CA |