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201 N Normandie Avenue

Los Angeles, CA 90004
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Bed 18

Bed

Bath 0

Bath

SqFt8,677

Sqft

SqFt7,702

Sqft(Lot)

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 imp rovements 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.

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $6,100,000

AD Id : 56921666

MLS Id : 24394451

Beds : 18

Lot Size : 7,702 Sq. Ft

Living Area Size : 8,677 Sq. Ft

Year Built : 1923

County : Los Angeles

Subdivision: Fallbrook

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Nearby Home Value

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138 S Westmoreland Avenue, Los Angeles, CA, 90004 $3,400,000 1 32 18,604 7,924 Sq. Ft
238 S Westmoreland, Los Angeles, CA, 90004 $2,699,999 8 5 4,416 9,754 Sq. Ft
124 N Berendo Street, Los Angeles, CA, 90004 $1,200,000 7 4 3,939 7,502 Sq. Ft
525 N Kenmore Avenue, Los Angeles, CA, 90004 $1,500,000 -- -- 4,924 10,327 Sq. Ft

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 10/04/2026 @ 13:24

MLS: 24394451 LISTED BY: Armin Soleimani, Global Platinum Properties, Inc. 424-394-1030 SOURCE: CRMLS

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