1405 N Normandie Ave - Apartments FOR SALE


Los Angeles, CA 90027- Little Armenia
$4,500,000 USD
310-658-6426
1405 N Normandie Ave, Los Angeles, CA for Sale
$4,500,000 USD
Apartments - FOR SALE
1/30
null | 6.33% Cap Rate

1405 N Normandie Ave
Los Angeles, CA 90027
Little Armenia


OVERVIEW

1405 N. Normandie Avenue is an eight-unit apartment building ideally situated in the heart of East Hollywood — just minutes from Ferndell Nature Trail, Barnsdall Art Park, Thai Town, and Los Feliz. Built in 1989 and renovated in 2024, the property features seven spacious 2-bedroom, 2.5-bath townhomes and one 2-bedroom, 2-bath unit with a separate entrance, private yard, and secured parking space. Upgrades include a new roof, copper plumbing throughout, and all-new double-pane windows and balcony sliders. Each residence offers solid wood kitchen cabinetry, Taj Mahal quartz countertops, GE stainless steel appliances, in-unit washers and dryers, and luxury vinyl plank flooring. Every unit has an individual 60-AMP electrical meter. Seven of the 2-bedroom, 2.5-bath units include two secured tandem parking spaces, and several units include private balconies. North-facing units boast panoramic views of the Hollywood Sign and Griffith Observatory. Delivered fully vacant, this turnkey property allows an investor to immediately lease all units at market rents — an exceptional opportunity to own a beautifully upgraded, low-maintenance building in one of Los Angeles’ most dynamic rental markets.

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/SF

$450 USD /SF

# OF UNITS

8

PRICE/UNIT

$562,500

CAP RATE

6.33%

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1989

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

LARD1.5

APN/PARCEL ID

5544-037-032

ASK ABOUT THIS PROPERTY

Shamim KhorsandEstate PropertiesMore Info
310-658-6426

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Shamim KhorsandEstate PropertiesMore Info
310-658-6426

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.