FOR SALE
$ 3,850,000 Est. Payment

4140 Normal Avenue

Los Angeles, CA 90029
Multi-Family
Residence
7,148
Sq. Ft.
0.36
Acre Lot
1of
Map
Photos
Courtesy: Neema Ahadian - Marcus & Millichap
Built in 1923, this twelve-unit bungalow style property is located on a large lot totaling 15,501 SF in the Virgil Village neighborhood, on the border of East Hollywood and Silver Lake. The three buildings feature eightbungalow-style one-bedroom units as well as a four-unit structure in the rear of the lot. This offering presents an investor the opportunity to capture the 38% rental upside through renovations when the units turn, as well as being located in the newly established Opportunity Zone.Many of the units have been recently renovated with new bathrooms, kitchens with quartz counter tops and stainless steel appliances, new flooring, and design-friendly lighting. Each unit has a private home feel, including private outdoor space, secure entry, and a landscaped courtyard for tenants to enjoy. All units have dual entrances and all renovated units have their own washer and dryer inside the unit.
18-414224
Multi-Family, Other
Los Angeles
1923
0.36 Acres
Walk Score measures the walkability of any address, Transit Score measures access to public transit on a scale of 1-100.
People
Zip
City
County
National
40,161
3,971,883
10,170,292
321,418,820
29,487
8,241
2,458
89
2.7
2.8
3
2.6
35.5
34.6
35.3
37.4
$35,253
$49,682
$55,870
$53,482
$18,764
$28,320
$27,987
$28,555
 
Economy
Zip
City
County
National
5.50 %
5.50 %
5.20 %
5.20 %
1.40 %
1.40 %
1.40 %
1.60 %
37.30 %
37.30 %
37.60 %
38.00 %
9.00 %
9.00 %
9.00 %
6.00 %
8.00 %
8.00 %
8.00 %
4.60 %
195
166
156
100
 
Environment
Zip
City
County
National
351
916
2245
1443
17.9
16.7
16.9
39.2
0
0
0.3
25.8
47.8
46.4
45.5
22.6
83.1
83.7
84.3
86.1
27
26
32
102
292
284
283
205
92
87
86
54
Source: Sperling's Best Places
Courtesy: Neema Ahadian - Marcus & Millichap
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