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542 Normandie Avecontect:6576665000 wechat:chuanqit 🏢 Mid-Wilshire 12-Unit Multifamily | 2BR + 2BA Units • 1988 Built • 16 Parking • No Rent Control • Investor Dream 5% Cap Rate • RUBS Utility Upside • Pro Forma 7% Cap • No HOA • Prime Transit Corridor Location Welcome to a rare and well-located 12-unit multifamily property in the heart of Mid-Wilshire/East Hollywood! This 1988-built three-story asset features spacious 2-bedroom, 2-bathroom units, 16 gated parking spaces, and no LA City rent control — perfect for investors, portfolio builders, or operators seeking a value-add opportunity with strong in-place cash flow, utility billing upside, and proximity to jobs, transit, and entertainment. ✨ Property Highlights 12 units total — all 2 bedrooms, 2 bathrooms — spacious and in high demand Built in 1988 — quality construction and modern systems — durable and efficient Three-story layout — efficient footprint — maximizes unit count on lot Separate gas/electric meters — ideal for RUBS implementation — easy utility billing On-site laundry facility — tenant convenience + extra income — profitable amenity Secure entry system — safe and controlled access — peace of mind 16 gated parking spaces + 2 guest spots — ample and secure — rare in this area Private balconies (select units) — outdoor space — commands premium rent Large storage area — can be monetized — additional revenue stream No LA City rent control — only CA AB 1482 applies — greater rent growth flexibility 💡 Value-Add Opportunities Implement RUBS program — bill back utilities to tenants — boost NOI immediately Rent increases to market — below-market current rents — significant upside Unit upgrades — refresh kitchens, baths, flooring — justify higher rents Common area improvements — enhance curb appeal and amenities — attract quality tenants Monetize storage area — rent to tenants or externally — new income stream 📈 Financial Highlights Current cap rate: 5% — strong in-place cash flow — stable and reliable Pro forma cap rate: 7% — after rent increases and RUBS — substantial upside Below-market rents — room to raise to comparable levels — instant NOI growth No major capital expenditures — well-maintained systems — minimal upfront investment Strong tenant demand — 2BR/2BA units near jobs and transit — low vacancy risk 📍 Prime Mid-Wilshire Location Walk to Melrose, Koreatown, Hollywood — dining, shopping, entertainment — vibrant and trendy Near major employers — studios, hospitals, downtown — attracts working professionals Easy transit access — buses and metro nearby — car-optional living Proximity to freeways (101, 10, 110) — commute to DTLA, Westside, or Valley — unbeatable connectivity 💰 Investment Potential Value-add upside — RUBS + rent increases → 200+ bps cap rate expansion — strong ROI No LA rent control — avoid eviction moratoriums and strict caps — more flexibility and profit Parking premium — 16 spaces in transit-rich area — rare and valuable 2BR/2BA unit demand — perfect for roommates, couples, or small families — high occupancy Appreciation upside — Mid-Wilshire remains one of LA’s most dynamic markets — solid legacy hold 🎯 Perfect For Value-add investors seeking a property with utility billing and rent growth upside Portfolio builders wanting a 12-unit asset in a high-demand corridor 1031 exchange buyers looking for a quality replacement property with appreciation potential First-time multifamily investors stepping into a manageable value-add opportunity ⚠️ Due Diligence Recommended Review rent roll and expenses — verify income, leases, and operating costs — accurate underwriting Inspect units and systems — assess renovation needs and capital expenditures — budget wisely Check RUBS feasibility — understand CA utility billing rules — implement correctly Evaluate tenant profiles — understand lease terms and turnover history — plan for management 🌟 Don’t Wait — This Mid-Wilshire Gem Won’t Last! 12-unit properties with no LA rent control and parking are rare finds. Schedule a tour today and see the units, parking, and location for yourself. Contact us for financials, rent comps, or a private viewing! 🔹 Ideal for portfolio or commercial loans 🔹 1031 exchange friendly 🔹 Quick close possible Secure the asset — where cash flow, upside, and location meet. 🏙️📊 Note: Buyer to verify all financials, leases, and AB 1482 compliance. Perfect for sophisticated investors ready to capitalize on a high-growth multifamily opportunity in one of LA’s most dynamic rental markets!
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