21
See all 21 photos
$3,490,000
Est. payment /mo
6,906 Sqft Lot
Active
632 N Normandie AVE Los Angeles, CA 90004
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UPDATED:
01/31/2025 01:42 PM
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRBB25020643
Style Contemporary
Originating Board California Regional MLS
Year Built 2024
Lot Size 6,906 Sqft
Property Sub-Type Fourplex
Property Description
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 throug
Location
State CA
County Los Angeles
Area C20 - Hollywood
Rooms
Kitchen Dishwasher, Microwave, Oven Range - Gas, Refrigerator, Oven - Electric
Interior
Heating Central Forced Air
Cooling Central AC
Laundry 30, Washer, Dryer, 9
Exterior
Parking Features Assigned Spaces
Garage Spaces 8.0
Pool 31, None
View Local/Neighborhood, City Lights
Building
Story Three or More Stories
Water District - Public
Architectural Style Contemporary
Others
Tax ID 5520003045
Special Listing Condition Not Applicable
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