254 Normandie Avenue

Los Angeles, CA 90004

$2,675,000
Price
1
Beds
12
Baths
7,260 Sq. Ft.
$368 / Sq. Ft.
7,260
Sq. Ft.
$368
per Sq. Ft.

Description

The Le Roi Apartments is located in a solid infill Los Angeles location within the northern section of Koreatown. Featuring 5 studio and 7 one-bedroom apartments, approximately 6 of which have been renovated, the property offers an opportunity to capture as much as a 40% increase in the Net Operating Income which equates to a 7.33% capitalization rate at market rents. Parking consists of 3 garages, 4 tuck-under spaces, and 4 carport spaces, totaling 11 parking spaces. Master metered for utilities;...The Le Roi Apartments is located in a solid infill Los Angeles location within the northern section of Koreatown. Featuring 5 studio and 7 one-bedroom apartments, approximately 6 of which have been renovated, the property offers an opportunity to capture as much as a 40% increase in the Net Operating Income which equates to a 7.33% capitalization rate at market rents. Parking consists of 3 garages, 4 tuck-under spaces, and 4 carport spaces, totaling 11 parking spaces. Master metered for utilities; ownership has instituted a RUBS program to stabilize expenses.
  1. Listed by Mike Marcu • DRE #00919594 • Brokerage DRE #00919594 • Mike Marcu, Broker • 562-260-0940

Property Details for 254 Normandie Avenue

Parking Spaces Total
11
Private Pool
No
Total Units
12.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
7260
Assessor Parcel Number
5518-007-022
Property Attached YN
true
LISTING UPDATED: 12/20/2024 01:57 AM

Property Details for 254 Normandie Avenue

StatusActive
MLS #OC24214288
Days on Market66
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1957
CountyLos Angeles County

Building Information for 254 Normandie Avenue

Building/Complex254 Normandie AveFloor-Stories2Residences-Pet Policy-Year Built1957Building Size-

Property Information for 254 Normandie Avenue

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $6,660
  • Gross Scheduled Income: $200,448
  • Vacancy Allowance: 6013
  • Vacancy Allowance Rate: 3
  • Gross Operating Income: $194,435
  • Net Operating Income: $112,058
  • Laundry Income: $2,400
  • Other Income Description: RUBS Income
  • Other Income 1: $4,260
Expense Details
  • Operating Expense: $82,377
  • New Taxes Expense: $33,464
  • Fuel Expense: $3,338
  • Electric Expense: $2,022
  • Insurance Expense: $6,000
  • Maintenance Expense: $6,900
  • Professional Management Expense: $7,679
  • Other Expense: $6,600
  • Other Expense Description: Admin.
  • Trash Expense: $7,246
  • Water Sewer Expense: $9,128
  • Total Expenses: $82,377
Tax / Assessment Info
  • Tax Tract Number: 007
  • Tax Census Tract: 2113.10
  • CFD/Mello-Roos Fee: $1,358
  • Tax Lot: 2
Community / Development
Community / Development
  • Community Features: Sidewalks, Urban
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Common Area
Exterior Features
  • Entry Location: 1
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 21-25 Units/Acre
  • Number Of Units: 12
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Sewer: Public Sewer
Parking Info
  • Garage Spaces: 3
  • Parking: No
  • Parking Garage: None
  • Parking Garage Spaces: 3
  • Carport Spaces: 8
  • Parking Features: None
Unit Information
Unit 1
  • Unit Type Units Total: 5
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $5,636
  • Unit Type Total Rent: $5,637
  • Unit Type Pro Forma: 8475
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 7
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 3
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $10,513
  • Unit Type Total Rent: $10,513
  • Unit Type Pro Forma: 15050
  • Unit Type Type: 2
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1

Property History for 254 Normandie Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 254 Normandie Avenue

Taxable ValueLand$2,231,037Additions$1,006,105Total$3,237,142
Tax Record2024$40,191 ($3,349 / month)
Home Facts
Total Finished SqFt7,552 SqFtAbove Grade Finished SqFt7,552 SqFtLot Size7,502 SqFtStyleMulti-Family Res (5+ Units)Year Built1957ZoningLAR4CountyLOS ANGELESAPN5518-007-022

Schools near 254 Normandie Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Cahuenga Elementary School
PublicK to 5

Virgil Middle School
Public6 to 8

Academic Leadership Community School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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254 Normandie Avenue is a multi-family home for sale in Los Angeles, CA 90004. This property was listed for sale on October 14, 2024 by Mike Marcu, Broker, it's currently listed at $2,675,000. It has been on the market for a total of 66 days and was last sold on May 24, 2018. This listing's school district is Los Angeles Unified School District. Nearby schools include Cahuenga Elementary School, Virgil Middle School and Academic Leadership Community School. 254 Normandie Avenue is a 1-bed, 12-bath, 7,260 sqft multi-family home built in 1957.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Mike Marcu, Broker, Mike Marcu, DRE #00919594

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.