4-Unit
New
For Sale
$2,895,000
4150 S Normandie Ave, Los Angeles, CA 90037
Two residences are occupied, while the other two are vacant and available for leasing.
Property Size6,112 SF
Days on Market6
Property Features for 4150 S Normandie Ave
General Information
Standard status
Active
Size
6,112 SF
Property subtype
MULTI_FAMILY
Units
Unit Mix
2 x 5BR/5BA, 2 x 5BR/3BA
Multifamily Units
4
Building Details
Building Size
6,112 SF
Year Built
2020
Listing Agency:
The Dana Real Estate & Investments Inc.
Listed By:
Mezdan Mota · License #01833661
(310) 806-1893
Source:
Jademillsestates
Added: Oct 2
Changed: Oct 6
Last Checked: Oct 5 at 11:59PM
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 The Dana Real Estate & Investments Inc.
Investment Insights
Based on property information with market context.
Built in 2020, this Los Angeles quadplex contains four five-bedroom residences. The two upper apartments each have five bathrooms; the two lower apartments each have three. Both upper units are occupied, and both lower units are vacant.
The property is located in Los Angeles, with access to employment centers, entertainment, education, and transportation.
The property is located in Los Angeles, with access to employment centers, entertainment, education, and transportation.
Key Highlights
- Four units, each with 5 bedrooms
- Two upper units have 5 bathrooms apiece
- Two lower units have 3 bathrooms apiece
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$102,117
Cap Rate
3.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,042,340
$2.0M
Cap Rate 7%
$1,458,814
$1.5M
Cap Rate 9%
$1,134,633
$1.1M
Market Conditions
NOI Build-Up for 6,112 SF
Gross rent
$149.6K $24.48/SF
− Vacancy
−$3.7K −$0.61/SF
EGI
$145.9K $23.87/SF
− OpEx
−$43.8K −$7.16/SF
NOI
$102.1K $16.71/SF
Area
ZIP 90037
Vacancy
2.50%
Lease Rate
$24.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,042,340
Cap Rate 7%
$1,458,814
Cap Rate 9%
$1,134,633
Alternative Uses
Best Use
Multifamily LT 5
$1.46M
$1.28M – $1.70M
NOI $102,117 @ 7.0% cap · market cap 3.53%
Second Best
Apartment 5plus
$1.30M
$1.13M – $1.51M
NOI $90,762 @ 7.0% cap · market cap 3.14%
Theoretical Best
Office A
$2.39M
$2.10M – $2.79M
NOI $167,643 @ 7.0% cap · market cap 5.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,333
Businesses Nearby
Explore this area
Business Placement
Demographics for 90037, CA
63,706
Population
18,709
Households
3.4
Avg Household Size
33
Median Age
9%
College-Educated
54%
High-School Grad
2.9 sq mi
ZIP Area
21,968
Density / Sq Mi
$56,417
Median Household Income
$29,857
Median Earnings
$1,438
Median Rent
$632,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Quadplex - Two residences are occupied, while the other two are vacant and available for leasing.
Where is this quadplex located?
The property is located at 4150 S Normandie Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,895,000.
What are key features of this property?
This property features: Four units, each with 5 bedrooms; Two upper units have 5 bathrooms apiece; Two lower units have 3 bathrooms apiece
