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    East Hollywood Condo Project Opportunity Title is generated by Realmo AI

    4136 NORMAL AVE, Los Angeles, CA 90029

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    For Sale
    $3,200,000

    New 5-unit condo project with city and mountain views.

    Type:Special Purpose
    Property size:
    7,020 SF
    Price / SF:
    $455/SF
    Added:
    Nov 21, 2025
    Days on Market:
    179
    Last Refresh:
    Apr 6 at 12:00 am

    Property Features for 4136 NORMAL AVE

    General Information

    Standard status
    Active
    Size
    7,020 SF
    Property subtype
    Special Purpose

    Building Details

    Year Built
    2019

    We can help!

    Listing Contact
    Shiva Monify

    Listing agent Shiva Monify License #CalDRE #01728143

    Listing office

    Listing date Nov 21, 2025

    Source Svn

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Shiva Monify

    HighLights

    • New 5‑unit condo/townhouse project - ideal for investment.
    • Each unit features 1,404 SF, 2 bedrooms, 2.5 baths, and a private two‑car garage.
    • Spacious living room with city and mountain views.
    • Units are separately metered for water, gas, and electricity.
    • Centrally located in East Hollywood, near Hollywood, Korea Town, and City College.
    • Brand new open kitchen and laundry hookups in each unit.

    Overview

    This is a new residential condo project featuring 5 units in East Hollywood, presenting a significant investment opportunity with considerable upside potential. The project has an "Approved Vesting Tentative Tract Map". Each unit is a three-story condo/townhouse with 1,404 square feet of living space, featuring 2 bedrooms and 2.5 baths. The units include a spacious living room on the third floor that offers city and mountain views, a new open kitchen, a private two-car garage, laundry hookups, and an alarm system. Each unit is separately metered for water, gas, and electricity. The units are not completely finished, and a Certificate of Occupancy has not yet been issued. The property is centrally located in a State Enterprise Zone near Hollywood and Korea Town, and is within walking distance of City College. The property is located in the 90029 zip code of Los Angeles, California. The average family income here is $31,433/year. Buyers are advised to conduct their own due diligence with the City.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.286
    Latitude
    34.0865

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    FAQs

    What type of property is this?
    Apartment building - New 5-unit condo project with city and mountain views.
    Where is this apartment building located?
    The property is located at 4136 NORMAL AVE Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $3,200,000.
    What are key features of this property?
    This property features: New 5‑unit condo/townhouse project - ideal for investment.; Each unit features 1,404 SF, 2 bedrooms, 2.5 baths, and a private two‑car garage.; Spacious living room with city and mountain views.
    (310) 476-7653
    We can help!
    Listing Contact
    Shiva Monify
    Real Estate License ID: CalDRE #01728143
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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