201 N Normandie Avenue

Los Angeles, CA 90004

  • 18 Bed(s)
  • 0 Bath(s)
  • 8,677 Sqft
  • 7702
    Sqft(Lot)
$6,400,000

Description

100% fully renovated 18-unit apartment building with permits cash flowing at an amazing 6% cap rate and 12 grm from day 1! all the units have already been leased at full market rents for +$2,400 per month providing an incredible cash flow. the offering provides investors with a unique opportunity to purchase a premium asset that was completely vacated and renovated. 201 n normandie avenue was built in 1923 and boasts 16 stylish apartment homes renovated in 2023 as well as 2 brand-new detached adus built in 2024. ownership has conducted a complete property restoration with permits. it features an attractive unit composition of eighteen (18) spacious and well-designed one-bedroom | one-bathroom units. in all, 201 north normandie avenue features ~8,677 square feet of improvements on a collective ~7,700 square feet of land, zoned lar3. the property is separately metered for gas and electrical utilities to further reduce operating costs. the property has seen a complete restoration, down to every inch. overall systems were overhauled with a new roof, plumbing, and electrical systems were updated within the last couple of years with a new panel and wiring. also, there are updated hvac systems and new windows in each unit. when approaching the property, tenants are invited with a unique and inviting color scheme featuring a fresh paint job and stylish landscaping. the units have undergone gut-level updating with new wood flooring, updated lighting fixtures, and brand-new kitchen and bathrooms. in the kitchen, there are new cabinets, modern countertops, and new water heaters. the bathrooms boast new vanities and modern fixtures along with sleek shower stalls. the location is in the heavily sought-after koreatown and wilshire center sub-markets. 201 n normandie avenue is poised to capitalize on the tremendous momentum in the immediate area and neighboring hollywood and downtown. the subject property's transit-oriented and highly walkable location offers residents access to a myriad of entertainment venues, cultural destinations, and dining options nearby. given the property's location and strong income metrics, 201 n normandie avenue is an ideal investment for investors seeking immediate returns along with long-term wealth preservation and appreciation.

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    49569459

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Property Details

  • Bedroom Information

    • Total Bedrooms : 18

    Bathroom Information

    • Total Baths: 18
    • Full Baths: 0
    • Half Baths: 0

    Cooling Features

    • None
    • Air Conditioning

    Heating Source

    • Wall Furnace
    • Has Heating

  • Building Information

    • Year Built: 1923
    • Building Area Total: 8,677
    • Construction: Stucco

    Foundation

    • Raised

    Pool Features

    • None

    Patio And Porch

    • None

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.1768
    • Lot Size Source: Vendor Enhanced
    • Lot Size Square Feet: 7702

  • Listing Price Information

    • Original List Price: 6,400,000
    • Listing Contract Date: 2025-04-30

    Lease Information

    • Listing Agreement: Seller Reserved

  • Tax Information

    • Parcel Number: 5518004008

  • Garage and Parking

    • Garage Description: None

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: C17 - Mid-Wilshire
    • Directions: It is located between Council and Beverly, on the north side of Normandie.
    • Zoning: LAR3
    • Source Property Type: Residential Income
    • Area: C17 - Mid-Wilshire

    Building and Construction

    • Property Age: 102
    • Year Built Source: Vendor Enhanced
    • Total Square Feet Living: 8677
    • Levels or Stories: Two
    • Building Total Stories: 2
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BuyOwner last updated this listing 05/13/2025 @ 23:21

  • MLS: 25532433
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 18 bedrooms which is for sale, it has 8,677 sqft, 7,702 sized lot, and 0 parking. are nearby neighborhoods.