Eight-Unit Apartment
4307 S Normandie, Los Angeles, CA 90037
For Sale
$1,400,000
Fully occupied property with separately metered gas and electricity for each residence.
Property Size3,640 SF
Days on Market49
Property Features for 4307 S Normandie
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Building Details
Building Size
Year Built
Listing Agency:
Realty Executives All Cities
Listed By:
Martin Gonzalez · License #01204139
(562) 843-1103
Source:
Truthrealty
Added: Sep 21
Changed: Nov 5
Last Checked: Nov 6 at 5:38PM
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 Realty Executives All Cities
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Investment Insights
Based on property information with market context.
This 1924 apartment property contains eight one-bedroom, one-bathroom residences and is fully occupied. Each unit has separate gas and electric metering, while ownership provides water and trash service. The property is maintained by the owner, including responses to tenant repair requests.
The building is positioned near Normandie Avenue and Vernon Avenue in Los Angeles, with access to major streets, public transportation, shopping, and neighborhood services. Garage parking is not included. Interior access is subject to an accepted offer, and occupants should not be disturbed.
The building is positioned near Normandie Avenue and Vernon Avenue in Los Angeles, with access to major streets, public transportation, shopping, and neighborhood services. Garage parking is not included. Interior access is subject to an accepted offer, and occupants should not be disturbed.
Key Highlights
- Eight one‑bedroom, one‑bathroom apartment units
- Fully occupied multifamily property
- Separate gas and electric meters for every unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,053
Cap Rate
3.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,081,060
$1.1M
Cap Rate 7%
$772,186
$772.2K
Cap Rate 9%
$600,589
$600.6K
Market Conditions
NOI Build-Up for 3,640 SF
Gross rent
$99.0K $27.19/SF
− Vacancy
−$693 −$0.19/SF
EGI
$98.3K $27.00/SF
− OpEx
−$44.2K −$12.15/SF
NOI
$54.1K $14.85/SF
Area
ZIP 90037
Vacancy
0.70%
Lease Rate
$27.19 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,081,060
Cap Rate 7%
$772,186
Cap Rate 9%
$600,589
Alternative Uses
Best Use
Apartment 5plus
$772.2K
$675.7K – $900.9K
NOI $54,053 @ 7.0% cap · market cap 3.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.43M
$1.25M – $1.66M
NOI $99,840 @ 7.0% cap · market cap 7.13%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,327
Businesses Nearby
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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
$632,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Apartment buildings in Los Angeles, CA
Properties on Market for Apartment buildings in Los Angeles
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Fully occupied property with separately metered gas and electricity for each residence.
Where is this apartment building located?
The property is located at 4307 S Normandie Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Eight one‑bedroom, one‑bathroom apartment units; Fully occupied multifamily property; Separate gas and electric meters for every unit
