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1405 N Normandie Ave 8 Unit Apartment Building $4,500,000 ($562,500/Unit) 6.33% Cap Rate Los Angeles, CA 90027
Executive Summary
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.
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.
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$384,000
|
$38.40
|
| Other Income |
$9,600
|
$0.96
|
| Vacancy Loss |
$11,808
|
$1.18
|
| Effective Gross Income |
$381,792
|
$38.18
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$95,450
|
$9.54
|
| Net Operating Income |
$286,342
|
$28.63
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $384,000 |
| Annual Per SF | $38.40 |
| Other Income | |
|---|---|
| Annual | $9,600 |
| Annual Per SF | $0.96 |
| Vacancy Loss | |
|---|---|
| Annual | $11,808 |
| Annual Per SF | $1.18 |
| Effective Gross Income | |
|---|---|
| Annual | $381,792 |
| Annual Per SF | $38.18 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $95,450 |
| Annual Per SF | $9.54 |
| Net Operating Income | |
|---|---|
| Annual | $286,342 |
| Annual Per SF | $28.63 |
Property Facts
| Price | $4,500,000 | Building Class | C |
| Price Per Unit | $562,500 | Lot Size | 0.17 AC |
| Sale Type | Investment | Building Size | 10,001 SF |
| Cap Rate | 6.33% | Average Occupancy | 0% |
| Gross Rent Multiplier | 11.7 | No. Stories | 3 |
| No. Units | 8 | Year Built/Renovated | 1989/2024 |
| Property Type | Multifamily | Parking Ratio | 1.5/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | LARD1.5 - Restricted Density Multiple Dwelling One-Family Dwellings, Two-Family Dwellings, Apartment Houses, Multiple Dwellings, Home Occupations | ||
| Price | $4,500,000 |
| Price Per Unit | $562,500 |
| Sale Type | Investment |
| Cap Rate | 6.33% |
| Gross Rent Multiplier | 11.7 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 10,001 SF |
| Average Occupancy | 0% |
| No. Stories | 3 |
| Year Built/Renovated | 1989/2024 |
| Parking Ratio | 1.5/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | LARD1.5 - Restricted Density Multiple Dwelling One-Family Dwellings, Two-Family Dwellings, Apartment Houses, Multiple Dwellings, Home Occupations |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Fireplace
- Washer/Dryer
- Heating
- Stainless Steel Appliances
- Quartz Countertops
Site Amenities
- 24 Hour Access
- Controlled Access
- Smoke Free
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2.5 | 7 | $4,000 | 1,110 |
| 2+2 | 1 | $4,000 | 1,080 |
1 1
Very walkable
80/100
Moderately drivable
70/100
Good public transit
70/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 5544-037-032 | Improvements Assessment | $900,000 (2025) |
| Land Assessment | $1,850,000 (2025) | Total Assessment | $2,750,000 (2025) |
Property Taxes
Parcel Number
5544-037-032
Land Assessment
$1,850,000 (2025)
Improvements Assessment
$900,000 (2025)
Total Assessment
$2,750,000 (2025)
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1405 N Normandie Ave
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