632 N Normandie Avenue
Los Angeles, CA 90004
- – beds
- – baths
- – sqft
- 6,906 sqft lot
- 2024 build
- – on site
632 N Normandie Ave is a fully leased fourplex offering an exceptional (and real) 6.24% cap rate and gross annual income of $290,784. Fully occupied by tenants under a fully managed room for rent model (COMPLETELY HANDS OFF FOR BUYERS!), the property benefits from consistent, reliable, and subsidized rental income. With built-in annual rent increases, management already in place, and a multi-year rental contract, this asset is poised to deliver substantial income for years with essentially no work or hassle. Sit back, collect rent, and watch this centrally-located property appreciate in value! 632 N Normandie Ave consists of four spacious, beautifully designed 4-bedroom, 4.5-bathroom tri-level townhome-style units in an outstanding location minutes from the center of Hollywood. The excellent location, combined with the modern construction and upscale finishes make these townhomes ultra-rentable in both the current model, as well as a standard rental model. These premium townhomes feature thoughtfully designed floorplans with large, tenant-friendly kitchens and living areas, as well as luxury touches, including designer tiles, stainless steel appliances, numerous balconies, modern cabinetry, ample closets, waterproof natural wood vinyl flooring, and abundant natural light throughout. There are 8 parking spots on site, a key feature for new constructions. Additionally, the property offers separate meters for all utilities, ensuring minimal operating expenses, and is backed by a 1-year builder’s warranty for added peace of mind. With its unparalleled income, modern amenities, and fully leased status, 632 N Normandie Ave is an exceptional investment opportunity that stands out in the East Hollywood market. Don’t miss your chance to secure this rare find—contact us today!
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Last updated Jan 31, 2025
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MLS# BB25020643 —
This property is listed in more than one place. See it here.
The Building
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Year Built:2024
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Year Built Source:Builder
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New Construction:Yes
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Building Area Total:7274.00
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Building Area Units:Square Feet
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Total Number Of Units:4
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# of Buildings:2
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Architectural Style:Modern
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Stories Total:3
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Entry Level:1
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Accessibility Features:None
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Common Walls:No Common Walls
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Green Verification:1
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# of Separate Gas Meters:4
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# of Separate Water Meters:4
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# of Separate Electric Meters:4
Interior
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Levels:Three Or More
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Entry Location:1
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Room Type:Kitchen, Living Room
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Fireplace:No
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Fireplace:None
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Laundry:Dryer Included, Electric Dryer Hookup, Washer Hookup, Washer Included
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Laundry:1
Location
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Directions:Convienently located just South of The 101 Freeway between Melrose Ave and Clinton St.
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Latitude:34.08219900
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Longitude:-118.30009300
The Property
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Property Type:Residential Income
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Subtype:Quadruplex
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Zoning:LAR3
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Lot Features:Landscaped
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Lot Size Area:6906.0000
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Lot Size Acres:0.1585
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Lot Size SqFt:6906.00
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Lot Size Source:Assessor
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View:1
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View:City Lights, Neighborhood
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Additional Parcels:No
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Land Lease:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Census Tract:1926.10
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Taxes Percent:1.19
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Tax Tract:192...
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Tax Lot:81
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Tax Annual Amount:41859.00
The Listing
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Special Listing Conditions:Standard
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Parcel Number:5520003045
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Showings Begin:2025-01-30
Heating & Cooling
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Heating:1
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Heating:Central
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Cooling:Yes
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Cooling:Central Air
Utilities
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Sewer:Public Sewer
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Electric:Standard
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Water Source:Public
Appliances
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Appliances:Dishwasher, Electric Oven, Gas Range, Microwave, Refrigerator
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Included:Yes
The Community
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Neighborhood:East Hollywood
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Features:Sidewalks
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Association:No
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Pool:None
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Senior Community:No
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Private Pool:No
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Spa Features:None
Parking
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Parking:Yes
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Parking:Assigned
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Parking Spaces:8.00
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Uncovered Spaces:8.00
Extra Units
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Number With Disposal:4
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Number With Dishwasher:4
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Number With Refrigerator:4
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
1/30/25
Jan 30, 2025
|
Listed / Active | CRMLS_CA | $3,490,000 |
