4201 N Council Street, Los Angeles, CA 90004 - Berkshire Hathaway HomeServices California Properties
4201 N Council Street Los Angeles, CA 90004
$5,995,000 18 beds, 18 baths
8, 677 sqft

Agent Remarks

Huge 400k Price Reduction! 100% Fully Renovated 18-unit apartment building with permits cash flowing at an amazing 6.5% Cap Rate and 11.3 GRM from day 1! Most of the units have already been leased at full market rents for +$2,400 per month providing an incredible cash flow. The offering provides investors with a unique opportunity to purchase a premium asset that was completely vacated and renovated. 201 N Normandie Avenue was built in 1923 and boasts 16 stylish apartment homes renovated in 2023 as well as 2 brand-new detached ADUs built in 2024. Ownership has conducted a complete property restoration with permits. It features an attractive unit composition of eighteen (18) spacious and well-designed One-Bedroom | One-Bathroom units. In all, 201 North Normandie Avenue features ~8,677 square feet of improvements on a collective ~7,700 square feet of land, zoned LAR3. The property is separately metered for gas and electrical utilities to further reduce operating costs. The property has seen a complete restoration, down to every inch. Overall systems were overhauled with a new roof, plumbing, and electrical systems were updated within the last couple of years with a new panel and wiring. Also, there are updated HVAC systems and new windows in each unit. When approaching the property, tenants are invited with a unique and inviting color scheme featuring a fresh paint job and stylish landscaping. The units have undergone gut-level updating with new wood flooring, updated lighting fixtures, and brand-new kitchen and bathrooms. In the kitchen, there are new cabinets, modern countertops, and new water heaters. The bathrooms boast new vanities and modern fixtures along with sleek shower stalls. The location is in the heavily sought-after Koreatown and Wilshire Center sub-markets. 201 N Normandie Avenue is poised to capitalize on the tremendous momentum in the immediate area and neighboring Hollywood and Downtown. The subject property's transit-oriented and highly walkable location offers residents access to a myriad of entertainment venues, cultural destinations, and dining options nearby. Given the property's location and strong income metrics, 201 N Normandie Avenue is an ideal investment for investors seeking immediate returns along with long-term wealth preservation and appreciation.

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# 25532433
List price is $5,995,000 Reduced by $405,000 on 6/5/2025
Beds: 18
Baths: 18
Built in 1923
8,677 sqft
2 stories
0.18 acres
Lot size: 0.1768
County: Los Angeles
Zoning: LAR3
Construction: Stucco
Parking description: None
Heating/cooling: None
Heating description: Wall Furnace
MLS area: C17 - Mid-Wilshire

Last Updated: 6/14/2025

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This listing belongs to the C17 - Mid-Wilshire MLS area

Lat/Long: 34.075333, -118.300423.
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Listing Agent: Armin Soleimani
Co Listing Agent: Julio Ruiz
Lic#: 01234982
Office Name: Mission Viejo

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