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4140 Normal Ave, Los Angeles, CA 90029
1 Beds
12 Baths
7,148 sqft

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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 eightbungalow-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.
  • Price:
  • $3,850,000
  • Bedrooms:
  • 1
  • Square Footage:
  • 7,148
  • Acreage:
  • 0.36
  • Year Built:
  • 1923
  • Listing ID #:
  • 18414224
  • Street Address:
  • 4140 Normal Ave
  • City:
  • Los Angeles
  • State:
  • California
  • Postal Code:
  • 90029
  • County:
  • Los Angeles
  • Listing Status:
  • Active
  • Number Of Units:
  • 12
  • Square Footage Source:
  • Public Records
  • Total # Of Buildings:
  • 3
  • Total Building Square Footage:
  • 7148
  • Unit1 Bedrooms:
  • 1
  • Year Built:
  • 1923
  • Adjusted Gross Income:
  • 243300.00
  • Net Operating Income:
  • 159993.00
  • Approximate Lot Size Range Source:
  • Public Records
  • Conforms To Zoning:
  • Rd1.5-1xl
  • Lot Square Footage:
  • 15501
  • Days On Market:
  • 111
  • Price Per Square Foot:
  • 538.61
  • Parking Description:
  • Uncovered
  • Appliances:
  • Dishwasher
  • Cooling System:
  • Wall Unit(s)
  • Heating:
  • Wall Heater
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo
  • Listing Provided By Neema Ahadian of Marcus & Millichap (DRE#: 01346750)
  • CARETS

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