$3,490,000

632 Normandie Avenue, Los Angeles 90004

16

Beds

20

Baths

6,906

Lot Size

4

# Of Units

Listing Agent
Elizabeth Maddox - Myunits.com Inc.

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!

Facts & Features

MLS® # BB25020643
Price $3,490,000
Bedrooms 16
Bathrooms 20.00
Lot Size 6,906
Year Built 2024
Type Residential Income
Sub-Type Quadruplex
Style Modern
Status Active
# Of Units 4

Community Information

Address 632 Normandie Avenue
Area C20 - Hollywood
City Los Angeles
County Los Angeles
Zip Code 90004

Amenities

Parking Spaces 8
Parking Assigned
Garages Assigned
View City Lights, Neighborhood
Is Waterfront No
Has Pool No
Pool None

Interior

Appliances Dishwasher, Electric Oven, Gas Range, Microwave, Refrigerator, Dryer, Washer
Heating Central
Cooling Central Air
Has Basement No
Fireplace No
Fireplaces None
# of Stories 3
Stories Three Or More

Exterior

Lot Description Landscaped

Additional Information

Date Listed January 20th, 2025
Days on Market 8
Zoning LAR3
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

AgentElizabeth Maddox
OfficeMyunits.com Inc.

Listing Map

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