Under Contract

436 Normandie Place

Los Angeles, CA 90004
Mark as Favorite
Bed 14

Bed

Bath 0

Bath

SqFt5,560

Sqft

SqFt5,279

Sqft(Lot)

436 Normandie Pl. is a 6-unit Melrose Hill offering priced at approx. $229,167 per unit and $247 per SF, operating at a 6.72% CAP and 8.92 GRM on current rents. The pricing aligns with recent sales in the area. Positioned just north of Beverly Blvd., the property sits approx. 0.8 miles from the Melrose Ave. and Western Ave. corridor, where a growing mix of restaurants, cafs, and neighborhood retail has reshaped Melrose Hill into one of Central LA's more active pockets. Residents are also within approx. 1.3 miles of Chapman Market and the 6th St. corridor, as well as the Wilshire Blvd. spine of Koreatown, placing the property within reach of multiple dining, retail, and employment hubs. The building is comprised of (2) 3-bdrm. / 2-bath units and (4) 2-bdrm. / 1-bath units, a unit mix that c ontinues to perform well in Mid-City where renters value larger layouts and flexibility for shared living or work-from-home use. Built in 1957, the structure features a clean 2-story layout above tuck-under parking, providing a straightforward and efficient footprint for ongoing operations. Based on renovated rental comparables in the surrounding area, the property offers approx. 14% rental upside, with projected stabilization at an 8.46% CAP and 7.70 GRM. The consistent unit mix and layout allow for a clear and repeatable renovation strategy as units turn over. ***Major building systems have already been addressed. Recent capital improvements include replacement of the building sewer line, copper plumbing upgrades replacing galvanized lines, and roof improvements. Additional upgrades include select window replacements in units 3 and 6, further reducing near-term capital requirements and allowing a buyer to focus on interior improvements and rent growth.*** With in-place income, completed system upgrades, and a location positioned between Melrose Hill, Koreatown, and the 6th Street corridor, 436 Normandie Pl. offers a 6-unit asset where pricing, unit mix, and upside remain clearly defined.

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Detail Ic Property Details

Property Type : Residential Income

Price : $1,375,000

AD Id : 76365316

MLS Id : 26669075

Beds : 14

Lot Size : 5,279 Sqft

Living Area Size : 5,560

Year Built : 1957

County : Los Angeles

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Map

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Feature Features

  • Bedroom Information

    Total Bedrooms: 14

    Bathroom Information

    Total Baths: 8 Full Baths: 0 Half Baths: 0
  • Heating Source

    Wall Furnace Has Heating

  • Building Information

    Year Built: 1957 Building Area Total: 5,560
  • Security Features

    Gated Community
  • Laundry Features

    Common Area

  • Lot Details

    Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.1212
  • Lot Size Source: Vendor Enhanced Lot Size Square Feet: 5279

  • Listing Price Information

    Original List Price: 1,375,000 Listing Contract Date: 2026-03-24
  • Lease Information

    Listing Agreement: Seller Reserved

  • Tax Information

    Parcel Number: 5520013002

  • Garage and Parking

    Garage Description: Covered,Garage,Tandem

    Homeowners Association

  • Other Property Info

    Source Listing Status: Active Under Contract Source Neighborhood: C17 - Mid-Wilshire Postal Code Plus 4: 3274 Directions: Located just north of Beverly Blvd, the subject property is approx. 0.8 mile from the heart of Melrose Hill (Western & Melrose), approx. 1.3 miles from Chapman Market (6th St corridor), and approx. 1.5 miles from the heart of Larchmont Village. Zoning: LAR3 Source Property Type: Residential Income Area: C17 - Mid-Wilshire
  • Building and Construction

    Property Age: 69 Common Walls: 1 Common Wall Year Built Source: Vendor Enhanced Total Square Feet Living: 5560 Property Attached: Yes Levels or Stories: Two Building Total Stories: 2
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Nearby Home Value

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447 N Commonwealth Avenue, Los Angeles, CA, 90004 $900,000 3 -- 1,798 1,798 SqFt
3812 Middlebury, Los Angeles, CA, 90004 $799,800 3 2 1,240 1,240 SqFt
449 N Virgil, Los Angeles, CA, 90004 $1,299,000 2 2 1,886 1,886 SqFt
3220 W 2nd Street, Los Angeles, CA, 90004 $1,480,000 8 -- 7,985 7,985 SqFt
210 S Commonwealth Avenue, Los Angeles, CA, 90004 $3,590,000 24 -- 10,884 10,884 SqFt
124 N Westmoreland Avenue, Los Angeles, CA, 90004 $4,350,000 -- -- 17,730 17,730 SqFt
118 N Westmoreland Avenue, Los Angeles, CA, 90004 $3,750,000 -- -- 18,765 18,765 SqFt

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ByOwner last updated this listing 06/16/2026 @ 15:16

MLS: 26669075 LISTED BY: Kenny Stevens, Compass 310-230-5478 SOURCE: CRMLS

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