644 Normandie Townhomes
Multifamily | 13 Units | $423,077/unit
Marketing description
Kidder Mathews is pleased to present the exclusive opportunity to acquire 644 Normandie Townhomes, a 2019 construction 13 unit luxury apartment building located in the heart of one the Los Angeles' most sought-after neighborhoods.
The Townhomes are comprised of twelve large 1+1.5 townhomes and one studio+1 bath ADU (accessory dwelling unit). The Townhomes have modern interiors with many amenities including: custom Italian-style kitchens, quartz countertops, in-unit washer & dryer, modern appliances, deep soaking tubs, Nest Thermostats, secured building and private patios with sweeping city views. Each of the townhome units are three stories with the bedroom on the ground floor, the living room and kitchen on the second floor, and the mezzanine and private patio on the third floor.
The building features 13 parking spaces in a private subterranean gated garage. The units are all individually metered for gas and electric, allowing the Landlord to bill back the tenants for their utilities. All units have high ceilings with large, premium double-paned windows which gives the units excellent natural light.
Investment highlights
- Located in East Hollywood, one of the most highly coveted and rapidly developing submarkets of Los Angeles.
- High demand rental market with upward trending demographics.
- Less than a block away from the entrance to the 101 Fwy and under a mile from the Vermont/Beverly Metro station.
- Nearby major employment centers include Downtown LA, Wilshire Center, Beverly Hills, Century City, Hollywood, & West Hollywood.
- Twelve large 1+1.5 townhomes and one, studio+1 bath ADU with high ceilings and excellent natural light.
- Rare, non-rent controlled building. Buyer to verify AB 1482 status and any affordable housing covenant/restrictions.
- Custom Italian style kitchens, quartz countertops, in-unit washer/dryer, modern appliances, deep soaking tubs, Nest Thermostats, secured building and private patios with city views
- 13-unit building with steady cash flow and upside potential.
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