1848 N Normandie Ave

The Tuvia Group successfully closed the sale of 1848 N Normandie Ave, a seven-unit apartment property in Los Feliz, despite approximately $250,000 in required capital improvements. The property needed a mandatory soft-story retrofit, electrical upgrades for insurance compliance, and extensive unit renovations. Even with these challenges, a qualified local investor secured financing and completed the acquisition. With two units delivered vacant and approximately 45% rental upside, the transaction highlights continued investor demand for well-located value-add multifamily opportunities despite significant deferred maintenance.