Huge Price Reduction! 100% Fully Renovated & 100% Occupied 18-unit apartment building with permits cash flowing at an amazing 6.5% Cap Rate and 11.3 GRM from day 1! All the units have already been leased at full market rents for +$2,400 per month providing an incredible cash flow. The offering provides investors with a unique opportunity to purchase a premium asset that was completely vacated and renovated. 201 N Normandie Avenue was built in 1923 and boasts 16 stylish apartment homes renovated in 2023 as well as 2 brand-new detached ADUs built in 2024. Ownership has conducted a complete property restoration with permits. It features an attractive unit composition of eighteen (18) spacious and well-designed One-Bedroom | One-Bathroom units. In all, 201 North Normandie Avenue features ~8,677 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 to further reduce operating costs. 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 and modern fixtures along with sleek shower stalls. 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 a myriad of 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 along with long-term wealth preservation and appreciation.
Property Details
Property Features
Property Information:
Year Built: 1923
Stories: 2
Living Area: 8,677 SqFt
Listing Office:
Office Name: Global Platinum Properties, Inc.
Office Phone: (424) 394-1030
Listing Agent: Armin Soleimani
Interior Features
Bedroom and Bathroom Information:
Total Bedroom Count: 18
Exterior Features
Exterior Information:
Private Pool: No
Parking Information:
Parking: None
Lot Features
Lot Information:
Lot Size: 0.18 Acres
Utilities
Utilities Information:
Heating: Wall Furnace
Cooling: None
Other
Directions Information:
Directions: It is located between Council and Beverly, on the north side of Normandie.
Price Information
Listing Price Info
Price Summary:
List Price: $5,975,000
Price Per SqFt: $689/SqFt
Tax Information:
Annual Amount: $17,139
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Los Angeles, CA.
This property is $4.9M more than the Median Sold Price and $49/SqFt more than other homes in Los Angeles, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #24444651
Listing Office:
Office Name: Global Platinum Properties, Inc.
Office Phone: (424) 394-1030
Listing Agent: Armin Soleimani
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 12/19/2024, 2:20:58 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Jun 06, 2005
Jun 06, 2005Home Sold
$350,000
Feb 16, 1990
Feb 16, 1990Home Sold
$680,000
Mar 21, 1989
Mar 21, 1989Home Sold
$600,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$17,139
$1,342,259
2020
$16,652
$1,327,824
2019
$16,519
$1,301,789
2018
$16,138
$1,276,265
2017
$16,138
$1,251,241
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
6
/10
Alexandria Elementary School
4211 Oakwood Ave
Distance between this listing and this school0.19 miles
Public District Grades KG-5
5
/10
Harvard Elementary
330 N Harvard Blvd
Distance between this listing and this school0.24 miles
Public District Grades KG-5
6
/10
Cahuenga Elementary School
220 S Hobart Blvd
Distance between this listing and this school0.43 miles
Public District Grades KG-5
Nearby Schools
5
/10
Virgil Middle School
152 N Vermont Ave
Distance between this listing and this school0.55 miles
Public District Grades 6-8
3
/10
Camino Nuevo Charter Academy #2
3400 W 3rd St
Distance between this listing and this school0.81 miles
Public Charter Grades KG-8
3
/10
Young Oak Kim Academy
615 Shatto Pl
Distance between this listing and this school1.04 miles
Public District Grades 6-8
Nearby Schools
7
/10
Central City Value
221 N Westmoreland Ave
Distance between this listing and this school0.70 miles
Public Charter Grades 9-12
7
/10
Camino Nuevo High #2
3500 W Temple St
Distance between this listing and this school0.85 miles
Public Charter Grades 9-12
5
/10
RFK Community Schools - UCLA Community School
700 S Mariposa Ave
Distance between this listing and this school1.09 miles
The neighbors living near this home have an average income of $31,958. The majority of Los Angeles, CA residents have income less than $35k annually. Typical family type is single, no kids. The majority of residents in this area have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 201 N Normandie Ave
What is the listing price of this property?
The listing price of 201 N Normandie Ave property is $5,975,000.
What type of property is this?
The property 201 N Normandie Ave is a house located in Los Angeles, California, 90004.
Is this property for sale now?
Active Listing: 201 N Normandie Ave is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $17,139 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on June 6, 2005 for $350,000. (source: MLS/tax record).
How many bedrooms and bathrooms does this property have?
The property at 201 N Normandie Ave has 18 bedrooms and 18 bathrooms.
What is the square footage of this property?
The property 201 N Normandie Ave is 8,677 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 201 N Normandie Ave is 1923.
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This home is located at 201 N Normandie Ave in Los Angeles, CA and zip code 90004 in the Central LA neighborhood. This 8,677 square foot home, which was built in 1923, sits on a 0.18 acre lot. Features: 18 bedrooms, 18 bathrooms. It has been listed on Rocket Homes since September 30, 2024 and is currently priced at $5,975,000.
Over 512 listings were sold over their listed price in November 2024 in Los Angeles, CA. In the same period over 657 listings were sold below the listed price and 177 listings were sold for the listed price. The number of listings in Los Angeles, CA decreased by 0.6% between October 2024 and November 2024. The median list price of listings available in November 2024 was $1,021,532, while the average time on the real estate market was 38 days.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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