201 N Normandie Avenue, Los Angeles, CA 90004






Square feet


Lot Size


# Of Units

Listing Agent
Nick Astrupgaard - KW Commercial Studio City

100% Vacant and Fully renovated 16-unit apartment building with permits cash flowing at an amazing 5.5% Cap Rate and 12.9 GRM from day 1! Additionally, there are fully approved RTI plans to add two detached ADUs in the garages to achieve a remarkable 6.4% Cap Rate and 11.5 GRM. 201 North Normandie Avenue is a sixteen-unit apartment community in Los Angeles, CA. The offering provides investors with a unique opportunity to purchase a premium asset that is completely vacant and lease out at market rates. 201 N Normandie Avenue was built in 1923 and boasts sixteen stylish apartment homes. Ownership has conducted a complete property restoration with permits. It features an attractive unit composition of sixteen (16) spacious and well-designed One-Bedroom | One-Bathroom units. 201 North Normandie Avenue features 7,956 square feet of improvements on a collective 7,700 square feet of land, zoned LAR3. The property is separately metered for gas and electrical utilities. 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. And the cherry on top is that ownership has Ready-to-Issue plans for two detached 1-bedroom ADUs where the garages currently are, providing an additional income stream. 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 many 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 and long-term wealth preservation and appreciation.

Facts & Features

MLS® # 23332855
Price $5,995,000
Bedrooms 1
Bathrooms 1.00
Square Footage 7,956
Lot Size 7,702
Year Built 1923
Type Residential Income
Status Active
# Of Units 16

Community Information

Address 201 N Normandie Avenue
Area C17 - Mid-Wilshire
City Los Angeles
County Los Angeles
State CA
Zip Code 90004


Parking Spaces 4
Parking Covered
Garages Covered
Is Waterfront No
Has Pool No


Has Basement No
Fireplace No
# of Stories 2
Stories Multi/Split

Additional Information

Date Listed November 16th, 2023
Days on Market 15
Zoning LAR3
Foreclosure No
Short Sale No
RE / Bank Owned No
HOA Fees 0.00

Listing Details

AgentNick Astrupgaard
OfficeKW Commercial Studio City

Listing Map

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