Building Details

Building Size 3,640 SF

Year Built 1924

Listing Agency: Realty Executives All Cities

Listed By: Martin Gonzalez · License #01204139 Show Phone

Source: Truthrealty

Added: Sep 21 Changed: Oct 12 Last Checked: Oct 13 at 3:21AM

Report an Issue

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

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.

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 (±1% cap)

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 (±1% cap)

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

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Skin Care Clinic Spa & Massage Center Bar & Pub

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,327

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

Market

Vacancy Rate% for Multifamily in West region

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this apartment buildings located? What is the asking price? Find similar properties What are key features of this property?

Similar For Sale Nearby

Five-Unit Apartment Property

3209 Andrita St, Los Angeles, CA 90065

$1,350,000

3,816 SF

View details

10-Unit Courtyard Apartment Building

1135 Lodi Pl, Los Angeles, CA 90038

$1,595,000

3,600 SF

View details

Mixed-Use Building with Townhouse Rentals

3700 E Cesar E Chavez Ave, Los Angeles, CA 90063

$1,595,000

3,800 SF

View details

Five-Unit Apartment Property

639 W 80th St, Los Angeles, CA 90044

$1,300,000

3,907 SF

View details

11-Unit Apartment Property

964 S New Hampshire Ave, Los Angeles, CA 90006

$1,556,000

3,999 SF

View details

14-Unit Apartment Building

5134 W Washington Blvd, Los Angeles, CA 90016

$1,895,000

3,526 SF

View details

7-Unit Apartment Building with Garages

805 N Mccadden Pl, Los Angeles, CA 90038

$1,975,000

3,874 SF

View details

6-Unit Apartment Building

3837 Sawtelle Blvd, Los Angeles, CA 90066

$2,000,000

3,867 SF

View details

5-Unit Apartment Building

1118 Sanborn Ave, Los Angeles, CA 90029

$1,595,000

3,110 SF

View details

11-Unit Apartment Building

637 S Mcdonnell Ave, Los Angeles, CA 90022

$1,775,000

4,072 SF

View details

Apartment Buildings with 11 Units

968 S New Hampshire Ave, Los Angeles, CA 90006

$2,334,000

3,786 SF

View details

Six-Unit Bungalow Apartment Building

3849 Sawtelle Blvd, Los Angeles, CA 90066

$2,450,000

3,528 SF

View details

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