4140-4148 Normal Ave
Los Angeles, CA 90029
Multifamily Property For Sale · 12 Units

Built in 1923, this twelve-unit bungalow style property is located on a large lot totaling 15,501 SF in the Virgil Village neighborhood, on the border of East Hollywood and Silver Lake. The three buildings feature eight bungalow-style one-bedroom units as well as a four-unit structure in the rear of the lot. This offering presents an investor the opportunity to capture the 38% rental upside through renovations when the units turn, as well as being located in the newly established Opportunity Zone. Many of the units have been recently renovated with new bathrooms, kitchens with quartz counter tops and stainless steel appliances, new flooring, and design-friendly lighting. Each unit has a private home feel, including private outdoor space, secure entry, and a landscaped courtyard for tenants to enjoy. All units have dual entrances and all renovated units have their own washer and dryer inside the unit. Both the East Hollywood and Silver Lake neighborhoods are growing at a rapid pace as both cater to a diverse range of residents with the unparalleled access to employment opportunities and entertainment amenities. The subject property has a walk score of 88 and the location allows for a quick commute to both Hollywood and Downtown Los Angeles.