Address
201 N Normandie Avenue, Los Angeles, CA
Price
$ 6,100,000
Property Attributes
- MLS#24394451
- TypeSingle Family
- Listing Status Active
- CountyLos Angeles
- CityLos Angeles
- Area Mid-Wilshire
- Zip90004
- Style
- Year Built1923
- Price$ 6,100,000
- Bedrooms18
- Full Bathrooms8
- Half Bathrooms0
- Sqr Footage8677
- Lot Size0.1768 Acres
Data Source:
California Regional MLS (CRMLS)
Property Description
Price Reduction! 100% Fully renovated 18-unit apartment building with permits cash flowing at an amazing 6.26% Cap Rate and 11.6 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, 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.
| Price History | |
|---|---|
| 1/27/2026 | Listed $6,100,000 |
General Features
| Living Area | 8677 |
|---|---|
| Heating | WallFurnace |
| Cooling | None |
| Zoning | LAR3 |
| Patio/Porch Features | None |
| Pool Features | None |
| Construction Materials | Stucco |
| Year Built | 1923 |
| Stories Count | 2 |
| Levels | Two |
| Gross Income | 523521 |
| County | Los Angeles |
| Net Operating Income | 381819 |
| New Construction | false |
| Property Type | ResidentialIncome |
| HOA | false |
| Special Listing Conditions | Standard |
| Status | Active |
| Directions | It is located between Council and Beverly, on the north side of Normandie. |
| City | Los Angeles |
| Senior Community Y/N | false |
| Number Of Units Total | 18 |
| MLS Area | C17 - Mid-Wilshire |
| Lot Size Units | SquareFeet |
| Lot Size Square Feet | 7702 |
| Spa Features | None |
| Standard Status | Active |
| Cap Rate | 6.26 |
| PostalCity | LOS ANGELES |
Interior Features
| Total Stories | 2 |
|---|---|
| Air Conditioning Y/N | false |
| Heating Y/N | true |
| Total Bedrooms | 18 |
| Total Baths | 18 |
Exterior Features
| Parking Features | None |
|---|---|
| Lot Size Area | 7702 |
| Foundation Details | Raised |
| Number of Buildings | 2 |
| Spa | false |
| Building Area Total | 8677 |
| Lot Size Acres | 0.1768 |
| Private Pool | false |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 90004
Price
Year Built
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