$3,490,000

632 N Normandie Ave Los Angeles, CA 90004

0.2 acres
Multi-Family

Property details

About 632 N Normandie Ave

632 N Normandie Ave is a fully leased fourplex offering an exceptional (and real) 6.24% cap rate and gross annual income of $290,784. Fully occupied by tenants under a fully managed room for rent model (COMPLETELY HANDS OFF FOR BUYERS!), the property benefits from consistent, reliable, and subsidized rental income. With built-in annual rent increases, management already in place, and a multi-year rental contract, this asset is poised to deliver substantial income for years with essentially no work or hassle. Sit back, collect rent, and watch this centrally-located property appreciate in value! 632 N Normandie Ave consists of four spacious, beautifully designed 4-bedroom, 4.5-bathroom tri-level townhome-style units in an outstanding location minutes from the center of Hollywood. The excellent location, combined with the modern construction and upscale finishes make these townhomes ultra-rentable in both the current model, as well as a standard rental model. These premium townhomes feature thoughtfully designed floorplans with large, tenant-friendly kitchens and living areas, as well as luxury touches, including designer tiles, stainless steel appliances, numerous balconies, modern cabinetry, ample closets, waterproof natural wood vinyl flooring, and abundant natural light throughout. There are 8 parking spots on site, a key feature for new constructions. Additionally, the property offers separate meters for all utilities, ensuring minimal operating expenses, and is backed by a 1-year builder’s warranty for added peace of mind. With its unparalleled income, modern amenities, and fully leased status, 632 N Normandie Ave is an exceptional investment opportunity that stands out in the East Hollywood market. Don’t miss your chance to secure this rare find—contact us today!

Highlights

Home typeQuadruplex
HeatingCentral
StatusActive
CoolingCentral Air
Lot size0.1585 Acres
Year builtNew Const., 2024
ParkingAssigned
MLS #BB25020643
ViewCity Lights, Neighborhood

Summary

  • MLS Number: BB25020643
  • MLS Name: CRMLS
  • Office Name: Myunits.com Inc.
  • Office Phone: (818) 850-8485
  • Listing Agent: Elizabeth Maddox

IDX 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: 3/5/2025, 11:20:53 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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$3,490,000

632 N Normandie Ave

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Price information

Property sales

DateEventPrice
Feb 14, 2020
Home Sold
$1,060,000

Tax history

YearAssessmentProperty Tax
2024$2,874,371$35,236
2023$1,114,247$13,720
2022$1,092,400$13,087
2021$1,070,981$12,925
2020$84,468$1,310
2019$82,812$1,212
2018$81,189$1,191
2017$79,598$1,191

History based on county public records data.

Nearby schools

6

Alexandria Elementary School

Public District KG-5

0.3 mi

4211 Oakwood Ave

5

Harvard Elementary

Public District KG-5

0.4 mi

330 N Harvard Blvd

3

Ramona Elementary

Public District KG-6

0.6 mi

1133 N Mariposa Ave

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $63,587. The majority of Los Angeles, CA residents have income between $35k-100k annually. The majority of families are single, no kids. The most common level of education of people living in this area is high school diploma.

How much money do the neighbors make?

20%
<35k
55%
35k-100k
23%
100k-200k
2%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree
Doctorate

What types of families live nearby?

36%
Single, No Kids
21%
Single, with Kids
20%
Married, No Kids
23%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

14%
<11 yrs old
10%
12-17 yrs old
31%
18-34 yrs old
37%
35-64 yrs old
8%
65+ yrs old

What do the neighbors do for fun?

  • Pro BoxingPro Boxing
  • Mexican League SoccerMexican League Soccer
  • Major League Soccer (MLS)Major League Soccer (MLS)

Where do the neighbors shop?

  • H&MH&M
  • Ross Dress For LessRoss Dress For Less
  • Foot LockerFoot Locker

Where do the neighbors go to eat?

  • Boston MarketBoston Market
  • Jack In The BoxJack In The Box
  • Little CaesarsLittle Caesars

What do the neighbors drive?

  • HondaHonda
  • NissanNissan
  • DodgeDodge

What do the neighbors listen to?

  • Rhythmic Contemporary HitsRhythmic Contemporary Hits
  • Urban Adult ContemporaryUrban Adult Contemporary
All data provided by Home Junction and Claritas

Similar homes for sale

This home is located at 632 N Normandie Ave in Los Angeles, CA and zip code 90004 in the Central LA neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since January 31, 2025 and is currently priced at $3,490,000.

In February 2025, from all listings sold in Los Angeles, CA there were more than 212 sold above asking price, over 280 sold below and more than 105 were sold right at the asked price. The number of listings in Los Angeles, CA increased by 10.8% between January and February 2025. In February 2025 median list price was $989,396 and the average listing age was 44 days.

From Rocket Homes Real Estate and based on county public records data.

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