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632 Normandie Ave
Los Angeles, CA 90004
2024 Hollywood Fourplex | 6.24% REAL CAP · Multifamily Property For Sale
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4 Units
Investment Highlights
- Fully-leased at an exceptional 6.24% cap rate!
- Generates $290,784 in gross annual income.
- Rented by the room under a housing program for stable, subsidized income.
- Boasts built-in annual rent increases, management already in place, and a multi-year rental contract.
- Prime East Hollywood location walking distance to Melrose and minutes from the heart of Hollywood Four modern 4-bed, 4.5-bath townhome units.
- On-site manager ensures seamless operations, with management easily transferable to the buyer.
Property Facts
| No. Units | 4 | Building Size | 7,274 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 2024 |
| Building Class | B | Parking Ratio | 1.1/1,000 SF |
| Lot Size | 0.16 AC | ||
| Zoning | LAR3 - Multiple Dwelling | ||
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.16 AC |
| Building Size | 7,274 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 2024 |
| Parking Ratio | 1.1/1,000 SF |
| Zoning | LAR3 - Multiple Dwelling |
Amenities
Unit Amenities
- Balcony
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer
- Eat-in Kitchen
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Double Pane Windows
- Freezer
- Instant Hot Water
- Island Kitchen
Site Amenities
- 24 Hour Access
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 4+4.5 | 10 | $6,058 | 1,756 - 1,881 |
Property Taxes
| Parcel Number | 5520-003-045 | Improvements Assessment | $1,838,213 |
| Land Assessment | $1,093,645 | Total Assessment | $2,931,858 |
Property Taxes
Parcel Number
5520-003-045
Land Assessment
$1,093,645
Improvements Assessment
$1,838,213
Total Assessment
$2,931,858
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