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.

California Regional MLS logo Listed By CRMLS_CA / Josh Cohen / Josh Cohen

Last checked: Checking… • Last updated Apr 7, 2024 •

MLS# SB13212679 —

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Sale history

Date Event Source Price % Change
4/2/21
Listed / Active CRMLS_CA
5/1/20
Price Changed CRMLS_CA
1/12/20
Listed / Active CRMLS_CA

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Multifamily Sold on 3/6/2014

$5,450,000

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Listing provided by broker:

Josh Cohen

Josh Cohen

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California Regional MLS logo Listing Courtesy of: CRMLS_CA and Josh Cohen. Based on information from California Regional Multiple Listing Service, Inc. as of 23:59 on Apr 23.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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