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601 N Normandie Ave 9 Unit Apartment Building £1,924,910 (£213,879/Unit) 7.55% Net Initial Yield Los Angeles, CA 90004
INVESTMENT HIGHLIGHTS
- 101 FWY EXIT/ENTRANCE IN 2 MINUTES
- MOVE IN READY
- MINUTES FROM HOLLYWOOD / DOWNTOWN LA
- DELIVERED VACANT
EXECUTIVE SUMMARY
OWNERSHIP SPENT $550,000 IN 2019 TO RENOVATE EVERYTHING FROM FLOORING, BUILDING STUCCO, NEW PAINT INSIDE AND OUTSIDE, NEW APPLIANCES, LIGHTS, BATHROOMS, DOORS, A/C UNITS, NOW MOVE IN CONDITION. BANK APPRAISED VALUATION REPORT IN 2022 $3,600,000.00.
AIR BNB OPERATORS WELCOME!! ALL 9 UNITS CAN BE DELIVERED VACANT AT COE!! FULLY REMODELED!! All 9 units 1 Bedroom and 1 Bathroom with All New Plumbing, All New Electrical, New Fire Sprinkler System, New Roofing, All New Dual Pane Windows, New Central A/C & Heating units, All New Energy Saving LED recessed lights, New smooth-finished stucco, New doors, Brand New Iron handrails, New Kitchen, All New Appliances, New bathrooms, community laundry in the building. Automatic driveway gate. Do not disturb tenants!! Seller will include All units furnished!! SECURITY CAMERAS INSTALLED!! Ample Parking!! Great Location: MINUTES FROM Hollywood and Downtown LA. Few blocks away from Mid-Wilshire. CLOSE TO BUS STOPS AND 101 FWY ON/OFF RAMP. VERY EASY TO MANAGE.
BRING YOUR 1031 EXCHANGE HERE!!
OFFER DEADLINE 11/18/2025 3PM
AIR BNB OPERATORS WELCOME!! ALL 9 UNITS CAN BE DELIVERED VACANT AT COE!! FULLY REMODELED!! All 9 units 1 Bedroom and 1 Bathroom with All New Plumbing, All New Electrical, New Fire Sprinkler System, New Roofing, All New Dual Pane Windows, New Central A/C & Heating units, All New Energy Saving LED recessed lights, New smooth-finished stucco, New doors, Brand New Iron handrails, New Kitchen, All New Appliances, New bathrooms, community laundry in the building. Automatic driveway gate. Do not disturb tenants!! Seller will include All units furnished!! SECURITY CAMERAS INSTALLED!! Ample Parking!! Great Location: MINUTES FROM Hollywood and Downtown LA. Few blocks away from Mid-Wilshire. CLOSE TO BUS STOPS AND 101 FWY ON/OFF RAMP. VERY EASY TO MANAGE.
BRING YOUR 1031 EXCHANGE HERE!!
OFFER DEADLINE 11/18/2025 3PM
PROPERTY FACTS
| Price | £1,924,910 | Property Subtype | Apartment |
| Price Per Unit | £213,879 | Apartment Style | Low-Rise |
| Sale Type | Investment | Costar Property Class | C |
| Yield | 7.55% | Total Plot Size | 0.17 ac |
| Sale Condition | 1031 Exchange | Property Size | 5,724 sq ft |
| Gross Rent Multiplier | 10.2 | No. Floors | 3 |
| No. Units | 9 | Year Built/Renovated | 1990/2019 |
| Property Type | Build-to-Rent | Parking Allocation | 2.45/1,000 sq ft |
| Use Class | R3-2, Los Angeles - limited multiple residence | ||
| Price | £1,924,910 |
| Price Per Unit | £213,879 |
| Sale Type | Investment |
| Yield | 7.55% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 10.2 |
| No. Units | 9 |
| Property Type | Build-to-Rent |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Costar Property Class | C |
| Total Plot Size | 0.17 ac |
| Property Size | 5,724 sq ft |
| No. Floors | 3 |
| Year Built/Renovated | 1990/2019 |
| Parking Allocation | 2.45/1,000 sq ft |
| Use Class | R3-2, Los Angeles - limited multiple residence |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Microwave
- Heating
- Granite Countertops
- Refrigerator
- Oven
- Sprinkler System
- Stainless Steel Appliances
- Range
- Double Pane Windows
- Freezer
- Handrails
- Window Coverings
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Security System
- Gated
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT PCM | sq ft |
|---|---|---|---|
| 1+1 | 9 | - | - |
1 1
Walk Score®
Easily Walkable (88)
PROPERTY TAXES
| Parcel Number | 5520-002-046 | Improvements Assessment | £562,419 |
| Land Assessment | £1,312,313 | Total Assessment | £1,874,733 |
PROPERTY TAXES
Parcel Number
5520-002-046
Land Assessment
£1,312,313
Improvements Assessment
£562,419
Total Assessment
£1,874,733
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601 N Normandie Ave
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