4201 W Council Street, Los Angeles, CA 90004
Local realty services provided by:Better Homes and Gardens Real Estate Wine Country Group
4201 W Council Street,Los Angeles, CA 90004
$5,450,000
- 18 Beds
- 18 Baths
- 8,677 sq. ft.
- Multi-family
- Active
Listed by: armin soleimani, julio ruiz
Office: global platinum properties, inc.
MLS#:26647169
Source:CRMLS
Price summary
- Price:$5,450,000
- Price per sq. ft.:$628.1
About this home
Huge ~1M Price Reduction! 100% Fully Renovated 18-unit apartment building with permits cash flowing at an amazing 7.5% Cap Rate and 10 GRM from day 1! All units have already been leased at full market rents of over $2,500 per month on average 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....
Contact an agent
Home facts
- Year built:1923
- Listing ID #:26647169
- Added:318 day(s) ago
- Updated:March 06, 2026 at 11:29 AM
Rooms and interior
- Bedrooms:18
- Total bathrooms:18
- Living area:8,677 sq. ft.
Heating and cooling
- Heating:Wall Furnance
Structure and exterior
- Year built:1923
- Building area:8,677 sq. ft.
- Lot area:0.18 Acres
- Construction Materials:Stucco
- Foundation Description:Raised
- Levels:2 Story
Finances and disclosures
- Price:$5,450,000
- Price per sq. ft.:$628.1
New listings near 4201 W Council Street
- New
$970,000Active4 beds 4 baths916 E 79th, Los Angeles, CA 90001
MLS# CV26056097Listed by: RE/MAX TOP PRODUCERS - Open Sun, 12 to 3pmNew
$1,125,000Active2 beds 3 baths1,440 sq. ft.4301 Los Feliz #12, Los Angeles, CA 90027
MLS# OC26053073Listed by: KASE REAL ESTATE - New
$1,199,000Active4 beds 2 baths1,646 sq. ft.2947 S Hobart, Los Angeles, CA 90018
MLS# CRRS26056095Listed by: PALMA INVESTMENTS - New
$2,650,000Active5 beds 4 baths2,850 sq. ft.3840 Carmona Avenue, Los Angeles, CA 90008
MLS# 26658171Listed by: NOURMAND & ASSOCIATES-HW - New
$2,699,000Active14 beds 12 baths10,052 sq. ft.4516 Coliseum Street, Los Angeles, CA 90016
MLS# 26664407Listed by: POINTE OF VIEW INT'L INC - New
$5,200,000Active6 beds 6 baths6,951 sq. ft.5708 Gentry Avenue, Valley Village, CA 91607
MLS# 26664489Listed by: FOSTER DOUGLAS - New
$660,000Active2 beds 2 baths1,010 sq. ft.1026 S Oxford Avenue #302, Los Angeles, CA 90006
MLS# 26664697Listed by: NEW STAR REALTY - New
$619,000Active2 beds 2 baths1,090 sq. ft.956 S Wilton Place #201, Los Angeles, CA 90019
MLS# 26664677Listed by: NEW STAR REALTY - New
$469,000Active1 beds 1 baths780 sq. ft.645 W 9th Street #342, Los Angeles, CA 90015
MLS# 26664693Listed by: KELLER WILLIAMS LARCHMONT - New
$770,000Active3 beds 3 baths1,445 sq. ft.4370 W 8th, Los Angeles, CA 90005
MLS# BB26056418Listed by: ENRIQUE HENRY VEGA JR. BROKER