632 N Normandie AVE, Los Angeles, CA 90004 – BB25020643

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Gatehouse Properties

info@gatehouseproperties.com +1(714) 743-9882

$ 3,490,000

Est. payment | -/mo

6,904 Sqft Lot

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$ 3,490,000

Est. payment | -/mo

Save Virtual Tour

6,904 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID BB25020643

HOA Y/N No

Year Built 2024

Annual Tax Amount $41,859

Lot Size 6,904 Sqft

Property Sub-Type Quadruplex

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 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!

Location

State CA

County Los Angeles

Area C20 - Hollywood

Zoning LAR3

Interior

Heating Central

Cooling Central Air

Fireplaces Type None

Fireplace No

Appliance Dishwasher, Electric Oven, Gas Range, Microwave, Refrigerator, Dryer, Washer

Laundry Washer Hookup, Electric Dryer Hookup

Exterior

Parking Features Assigned

Pool None

Community Features Sidewalks

View Y/N Yes

View City Lights, Neighborhood

Accessibility None

Total Parking Spaces 8

Private Pool No

Building

Lot Description Landscaped

Story 3

Entry Level Three Or More

Sewer Public Sewer

Water Public

Architectural Style Modern

Level or Stories Three Or More

New Construction Yes

Others

Senior Community No

Tax ID 5520003045

Acceptable Financing Submit

Listing Terms Submit

Special Listing Condition Standard

Virtual Tour https://www.myunits.com/buy/632normandie

Listed by Elizabeth Maddox • Myunits.com Inc. • 818-850-8485

+1(714) 743-9882

info@gatehouseproperties.com

Costa Mesa, CA, 92626, United States

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632 N Normandie AVE Los Angeles, CA 90004