644 N Normandie Ave - Apartments FOR SALE


Los Angeles, CA 90004- East Hollywood
$5,500,000 USD
818-231-2477
644 N Normandie Ave, Los Angeles, CA for Sale
$5,500,000 USD
Apartments - FOR SALE
1/39
null | 5.41% Cap Rate

644 N Normandie Ave
Los Angeles, CA 90004
East Hollywood


HIGHLIGHTS

  • NOT SUBJECT TO LA RSO, non-rent controlled building.
  • STABLE INCOME, SIGNIFICANT UPSIDE
  • THOUGHTFULLY DESIGNED UNITS Twelve large 1+1.5 + loft townhomes and one, studio+1 bath ADU with high ceilings and excellent natural light.
  • STABLE INCOME, SIGNIFICANT UPSIDE
  • PREMIUM AMENITIES

OVERVIEW

Kidder Mathews is pleased to present the exclusive opportunity to acquire 644 Normandie Townhomes, a 2019 construction 13 unit luxury apartment building located in the heart of one the Los Angeles’ most sought-after neighborhoods. The Townhomes are comprised of twelve large 1+1.5 townhomes with lofts and one studio+1 bath ADU (accessory dwelling unit). The Townhomes have modern interiors with many amenities including: custom Italian-style kitchens, quartz countertops, in-unit washer & dryer, modern appliances, deep soaking tubs, Nest Thermostats, secured building and private patios with sweeping city views. Each of the townhome units are three stories with the bedroom on the ground floor, the living room and kitchen on the second floor, and the mezzanine and private patio on the third floor. The building features 13 parking spaces in a private subterranean gated garage. The units are all individually metered for gas and electric, allowing the Landlord to bill back the tenants for their utilities. All units have high ceilings with large, premium double-paned windows which gives the units excellent natural light

FOR SALE DETAILS

PRICE

$5,500,000 USD

PRICE/SF

$478 USD /SF

# OF UNITS

13

PRICE/UNIT

$423,077

CAP RATE

5.41%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2019

PARKING SPACES

13

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

LAR3

APN/PARCEL ID

5520-003-049

ASK ABOUT THIS PROPERTY

Joshua LuchsKidder MathewsMore Info
818-231-2477

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Joshua LuchsKidder MathewsMore Info
818-231-2477

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