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4901 S Normandie Ave 2 Unit Apartment Building $879,000 ($439,500/Unit) 4.63% Cap Rate Los Angeles, CA 90037
INVESTMENT HIGHLIGHTS
- Perfect for Owner-User
- No Los Angeles City Rent Control
- 1995 Construction
EXECUTIVE SUMMARY
Lyon Stahl Investment Real Estate is pleased to present 4901 S Normandie Avenue in the
City of Los Angeles. The property is near the 110 and I-10 Highways offering tenants easy
access to Downtown Los Angeles and the Westside.
This 2,380 SF duplex was built in 1995 and is exempt for Los Angeles City Rent Control. The
property sits 6,440 SF corner lot and is composed of two, 3-bedroom/2-bathroom
units. The owner recently tastefully remodeled the property. The upgrades made include
remodeling the kitchens and bathrooms, new fencing, new storage, new water heaters for
both units, new painting on the interior and exterior, new flooring and new window bars
with bedroom releases.
4901 S Normandie Avenue offers an astute investor or owner-user the opportunity to own a
turnkey asset in one of Los Angeles’s strongest rental markets. Without the restrictions of
Los Angeles City Rent Control, 4901 S Normandie Avenue presents an amazing investment
that will offer strong long-term cashflow in an appreciating market of Los Angeles.
City of Los Angeles. The property is near the 110 and I-10 Highways offering tenants easy
access to Downtown Los Angeles and the Westside.
This 2,380 SF duplex was built in 1995 and is exempt for Los Angeles City Rent Control. The
property sits 6,440 SF corner lot and is composed of two, 3-bedroom/2-bathroom
units. The owner recently tastefully remodeled the property. The upgrades made include
remodeling the kitchens and bathrooms, new fencing, new storage, new water heaters for
both units, new painting on the interior and exterior, new flooring and new window bars
with bedroom releases.
4901 S Normandie Avenue offers an astute investor or owner-user the opportunity to own a
turnkey asset in one of Los Angeles’s strongest rental markets. Without the restrictions of
Los Angeles City Rent Control, 4901 S Normandie Avenue presents an amazing investment
that will offer strong long-term cashflow in an appreciating market of Los Angeles.
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$71,880
|
$30.20
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$2,156
|
$0.91
|
| Effective Gross Income |
$69,724
|
$29.30
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$19,818
|
$8.33
|
| Net Operating Income |
$49,906
|
$20.97
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $71,880 |
| Annual Per SF | $30.20 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $2,156 |
| Annual Per SF | $0.91 |
| Effective Gross Income | |
|---|---|
| Annual | $69,724 |
| Annual Per SF | $29.30 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $19,818 |
| Annual Per SF | $8.33 |
| Net Operating Income | |
|---|---|
| Annual | $49,906 |
| Annual Per SF | $20.97 |
PROPERTY FACTS
| Price | $879,000 | Apartment Style | Garden |
| Price Per Unit | $439,500 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.12 AC |
| Cap Rate | 4.63% | Building Size | 2,380 SF |
| Gross Rent Multiplier | 14.41 | No. Stories | 1 |
| No. Units | 2 | Year Built | 1995 |
| Property Type | Multifamily | Parking Ratio | 1.68/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | LAC2 - Commercial | ||
| Price | $879,000 |
| Price Per Unit | $439,500 |
| Sale Type | Investment |
| Cap Rate | 4.63% |
| Gross Rent Multiplier | 14.41 |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 0.12 AC |
| Building Size | 2,380 SF |
| No. Stories | 1 |
| Year Built | 1995 |
| Parking Ratio | 1.68/1,000 SF |
| Zoning | LAC2 - Commercial |
AMENITIES
UNIT AMENITIES
- Air Conditioning
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2 | 2 | $2,600 | - |
1 1
Walk Score®
Very Walkable (77)
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4901 S Normandie Ave
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