837 S Normandie Avenue
Los Angeles, CA 90005
Map
- – beds
- – baths
- – sqft
- 7,448 sqft lot
- 1925 build
- – on site
Located two blocks south of Wilshire Blvd, 837 S. Normandie offers a chance to acquire a 16-unit asset in the heart of Koreatown with exceptional cash flow metrics; 9.06 GRM and a 6.50% CAP rate on current income. The building features (16) 1-bdrm. units averaging 600 SF. 12 of the units have undergone modern renovations featuring wood-laminate floors, quartz countertops, stainless steel appliances, updated tilework and cabinetry, recessed lighting, and ceiling fans. The units are separately metered for electricity and master-metered for gas. This allows for an annual rent increase of 4% (buyer to verify). Most units are home to single tenants, and 10 are leased through Section 8; offering reliable, government-backed income. Additionally, there is a RUBS program that generates added income. Notable building improvements include mainly copper plumbing and $15K in waterproofing. The building's highly walkable location is just minutes from three of Koreatown's major neighborhood hubs (Wilshire Blvd, Western Ave, 6th St, and 8th St), lined with some of LA's most popular Korean BBQ joints, dessert cafes, bars, karaoke lounges, retail centers, and cultural institutions. The upcoming Purple Line expansion, which includes light-rail stations along Wilshire and is expected to go live later this year; will further increase accessibility, compress commute times to Downtown and the Westside, and boost rental demand. 837 S. Normandie offers dependable in-place cash flow, and long-term appreciation potential in a constantly developing neighborhood. For the investor seeking yield in a blue-chip urban environment, this is a clear opportunity.
Last checked:
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Last updated Jul 1, 2025
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MLS# 25555929 —
The Building
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Year Built:1925
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New Construction:No
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Building Area Total:10252.00
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Total Number Of Units:16
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# of Buildings:16
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Stories Total:2
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Faces:East
Interior
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Features:Ceiling Fan(s)
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Levels:Two
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Flooring:Tile
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Fireplace:No
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Fireplace:None
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Laundry:Community, Individual Room
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Laundry:1
Location
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Directions:Located just south of W. 8th St, the subject property is located approx. 0.9 miles from the Wilshire/Wester Metro Station (Purple Line Extension), and minutes from three of Koreatown's major neighborhood hubs (Wilshire Blvd, 6th St, and 8th St).
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Latitude:34.05659500
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Longitude:-118.30011900
The Property
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Property Type:Residential Income
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Zoning:LAR4
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Lot Size Area:7448.0000
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Lot Size Acres:0.1710
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Lot Size SqFt:7448.00
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View:None
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Security Features:Card/Code Access
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Additional Parcels:No
Listing Agent
- Contact info:
- No listing contact info available
The Listing
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Special Listing Conditions:Standard
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Parcel Number:5094019008
Appliances
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Appliances:Dishwasher, Disposal, Microwave, Refrigerator
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Included:Yes
The Community
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Association:No
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Senior Community:No
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Assessments:No
Parking
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Parking:No
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Parking:None
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
6/23/25
Jun 23, 2025
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Listed / Active | CRMLS_CA | $3,200,000 | |
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1/17/24
Jan 17, 2024
|
Listed / Active | CRMLS_CA | ||
|
9/5/19
Sep 5, 2019
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Listed / Active | DAMLS |
