644 North Normandie Avenue

Los Angeles, CA 90004

$5,900,000
Price
2
Beds
25
Baths
11,356 Sq. Ft.
$520 / Sq. Ft.
11,356
Sq. Ft.
$520
per Sq. Ft.

Description

The Normandie Townhomes is a luxury, 13 Unit Community, located in the highly desirable East Hollywood submarket of Los Angeles. Positioned between Melrose Avenue and Beverly Boulevard near the Melrose Hill Neighborhood, the property is located just a half a mile south of the LA City College (LACC) and 1.4 miles north of Koreatown. Strong demographics surrounding the property have continued to provide high rental demand with a consistent tenant pool. Built in 2019, each townhome has modern interior...The Normandie Townhomes is a luxury, 13 Unit Community, located in the highly desirable East Hollywood submarket of Los Angeles. Positioned between Melrose Avenue and Beverly Boulevard near the Melrose Hill Neighborhood, the property is located just a half a mile south of the LA City College (LACC) and 1.4 miles north of Koreatown. Strong demographics surrounding the property have continued to provide high rental demand with a consistent tenant pool. Built in 2019, each townhome has modern interior finishes with custom Italian style kitchens, quartz countertops, stainless steel appliances, in-unit washer & dryers, deep soaking tubs, central air and heat with Nest Thermostats, secure access gates, and private balconies. The Normandie Townhomes is a pride of ownership, turnkey opportunity, and an excellent long-term investment or 1031 Exchange replacement property.
  1. Listed by Ignacio Diaz Jr. • DRE #01379930 • Brokerage DRE #01887671 • Investment Capital Real Estate • id@investmentcapitalre.com

Property Details for 644 North Normandie Avenue

Parking Spaces Total
13
Private Pool
No
Cooling Type
Central Forced Air
Total Units
13.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
11356
Assessor Parcel Number
5520-003-049
LISTING UPDATED: 11/22/2024 03:11 AM

Property Details for 644 North Normandie Avenue

StatusActive
MLS #NP24238918
Days on MarketListed Today
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built2020
CountyLos Angeles County

Building

644 N Normandie Ave

3 StoriesBuilt in 2020

Building Information for 644 North Normandie Avenue

Building/Complex644 N Normandie AveFloor-Stories3Residences-Pet Policy-Year Built2020Building Size-

Property Information for 644 North Normandie Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $423,036
  • Gross Scheduled Income: $423,036
  • Net Operating Income: $321,272
  • Gross Multiplier: 13.95
  • Cap Rate: 5.45
Expense Details
  • Operating Expense: $101,764
  • Gardener Expense: $0
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $0
  • Professional Management Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $101,764
Tax / Assessment Info
  • Tax Tract Number: 003
  • Tax Census Tract: 1926.10
  • CFD/Mello-Roos Fee: $1,469
  • Tax Lot: 84
Community / Development
Community / Development
  • Community Features: Sidewalks, Street Lights, Urban
Property / Structure Info
Interior Features
  • Interior Features: Balcony, Quartz Counters
  • Room Type: Loft, Main Floor Bedroom, Walk-In Closet
  • Bedroom Features: Main Floor Bedroom, WalkInCloset
  • Laundry: Yes
  • Laundry Features: Dryer Included, Inside, Stackable, Washer Included
  • Cooling: Central Air
  • Heating Type: Central
  • Heating: Central
  • Flooring: Laminate
Exterior Features
  • Entry Location: First Floor
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Rectangular Lot, Near Public Transit
  • Number Of Units: 13
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Three Or More
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 13
  • Parking Garage Spaces: 13
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 11
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 11
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,959
  • Unit Type Total Rent: $32,549
  • Unit Type Pro Forma: 35750
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $754
  • Unit Type Total Rent: $754
  • Unit Type Pro Forma: 1500
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,950
  • Unit Type Total Rent: $1,950
  • Unit Type Pro Forma: 2250
  • Unit Type Type: 3
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 14
  • Number Of Separate Gas Meters: 14
  • Number Of Separate Water Meters: 1

Property History for 644 North 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 644 North Normandie Avenue

Taxable ValueLand$4,138,711Additions$2,122,416Total$6,261,127
Tax Record2024$76,589 ($6,382 / month)
Home Facts
Total Finished SqFt10,956 SqFtAbove Grade Finished SqFt10,956 SqFtLot Size7,454 SqFtStyleMulti-Family Res (5+ Units)Year Built2018ZoningLAR3CountyLOS ANGELESAPN5520-003-049

Schools near 644 North 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
Alexandria Avenue 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.

Similar Homes

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644 North Normandie Avenue is a multi-family home for sale in Los Angeles, CA 90004. This property was listed for sale on November 22, 2024 by Investment Capital Real Estate, it's currently listed at $5,900,000. It has been on the market for a total of 0 days and was last sold on December 21, 2020. This listing's school district is Los Angeles Unified School District. Nearby schools include Alexandria Avenue Elementary School, Virgil Middle School and Contreras Learning Center-School Of Social Justice. 644 North Normandie Avenue is a 2-bed, 25-bath, 11,356 sqft multi-family home built in 2020.

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 Investment Capital Real Estate, Ignacio Diaz Jr., DRE #01379930

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.