#25478099, Armin Soleimani, Listing Office: Global Platinum Properties, Inc.
#24394451·
Listing Office: Global Platinum Properties, Inc.·
Listing Agent: Armin Soleimani·
Listing Office Phone: 424-394-1030
201 N Normandie Ave Los Angeles, CA 90004
$6,100,000 List price
18 beds
18 baths
8,677 sqft
0.2 acres
$703 / sqft
House
Property details
About 201 N Normandie Ave
Price Reduction! 100% Fully renovated 18-unit apartment building with permits cash flowing at an amazing 6.26% Cap Rate and 11.6 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, 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.
Highlights
Home typeOther
HeatingWall Furnace
StatusActive
Size8,677 sqft
Lot size0.1768 Acres
Year built1923
MLS #24394451
Summary
- MLS Number: 24394451
- MLS Name: CRMLS
- 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: 2/8/2025, 2:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$6,100,000
201 N Normandie Ave
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Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Mar 30, 2022 | Home Sold | $2,423,500 |
| Jun 06, 2005 | Home Sold | $350,000 |
| Feb 16, 1990 | Home Sold | $680,000 |
| Mar 21, 1989 | Home Sold | $600,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $2,522,089 | $31,689 |
| 2023 | $2,472,650 | $31,092 |
| 2022 | $1,369,090 | $17,384 |
| 2021 | $1,342,259 | $17,139 |
| 2020 | $1,327,824 | $16,652 |
| 2019 | $1,301,789 | $16,519 |
| 2018 | $1,276,265 | $16,137 |
| 2017 | $1,251,241 | $16,137 |
History based on county public records data.
Nearby schools
6
Alexandria Elementary School
Public District KG-5
0.2 mi
•4211 Oakwood Ave
5
Harvard Elementary
Public District KG-5
0.2 mi
•330 N Harvard Blvd
6
Cahuenga Elementary School
Public District KG-5
0.4 mi
•220 S Hobart Blvd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $31,958. The most common annual income of people living in Los Angeles, CA is less than $<35k. The majority of families are single, no kids. Most residents in this area have high school diploma education.
How much money do the neighbors make?
55%
<35k
34%
35k-100k
10%
100k-200k
1%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
49%
Single, No Kids
16%
Single, with Kids
16%
Married, No Kids
19%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
13%
<11 yrs old
7%
12-17 yrs old
32%
18-34 yrs old
39%
35-64 yrs old
9%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Major League Soccer (MLS)
Mexican League Soccer
Where do the neighbors shop?
H&M
Foot Locker
Burlington
Where do the neighbors go to eat?
Boston Market
Popeyes
Little Caesars
What do the neighbors drive?
Honda
Nissan
Dodge
What do the neighbors listen to?
Rhythmic Contemporary Hits
Urban Adult Contemporary
Jazz
All data provided by Home Junction and Claritas
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Frequently asked questions
About 201 N Normandie Ave
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 May 21, 2024 and is currently priced at $6,100,000.
In January 2025 more than 294 listings in Los Angeles, CA were sold above the asking price. During the same period more than 161 listings were sold at asking price, while more than 545 were sold below. The number of listings in Los Angeles, CA increased by 20.1% between December and January 2025. In January 2025, listings were on the market for 45 days. During the same period, the median list price in this real estate market was $1,035,435.
From Rocket Homes Real Estate and based on county public records data.