436 Normandie Pl is a 6-unit multifamily property located in Melrose Hill, just north of Beverly Blvd and minutes from the Melrose Ave and Western Ave corridor. The property is offered at $1,375,000, equating to $229,167 per unit and $247 per SF.
This part of Central LA continues to draw tenants who want access to Koreatown, Larchmont Village, Hollywood, and the 6th St corridor without being tied to one single neighborhood. That matters for a smaller building like this. The location gives renters several nearby hubs for food, retail, work, and daily errands, which helps support steady demand over time.
436 Normandie Pl is comprised of (2) 3-bedroom, 2-bath units and (4) 2-bedroom, 1-bath units.
That unit mix is one of the clearest strengths of the property. In this part of Los Angeles, larger layouts continue to matter. They work for roommates, families, and tenants who need real space for work-from-home use. Compared to smaller 1-bedroom-heavy buildings, the floor plans here give ownership a wider tenant pool and a more practical renovation plan as units turn.
Built in 1957, the property has a clean 2-story layout above tuck-under parking. The structure is straightforward, the unit mix is easy to understand, and the building does not require a complicated repositioning story to make sense.
Major building systems have already been addressed at 436 Normandie Pl. Recent improvements include replacement of the building sewer line, copper plumbing upgrades replacing galvanized lines, and roof improvements. Select window replacements have also been completed in units 3 and 6.
That work matters because it reduces some of the immediate building-system questions that buyers often have with older properties. The next phase is more focused on interiors, rent alignment, and normal day-to-day management.
For owners, that distinction is important. A building where the major systems have already received attention is easier to evaluate than one where the plan depends on fixing infrastructure and renovating units at the same time.
436 Normandie Pl is offered at $1,375,000, with current rents reflecting a 6.78% CAP rate and 8.92 GRM.
Based on renovated rental comps in the surrounding Melrose Hill and Central LA area, the property offers approx. 14% rental upside. At projected rents, performance trends toward an estimated 8.51% CAP rate and 7.70 GRM.
The upside is tied to interiors and current rent positioning, not a complicated development plan. The larger layouts already fit what tenants in this pocket are looking for. The improvement plan is straightforward: renovate units as they turn, bring interiors closer to nearby renovated rentals, and let the location and unit size do their part.
436 Normandie Pl is positioned just north of Beverly Blvd, approx. 0.8 miles from the Melrose Ave and Western Ave corridor. That area continues to gain traction through restaurants, cafés, and neighborhood retail that have made Melrose Hill a more active rental pocket over the last several years.
Residents are also approx. 1.3 miles from Chapman Market and the 6th St corridor, approx. 1.5 miles from Larchmont Village, and close to the Wilshire Blvd spine of Koreatown. This gives tenants access to multiple parts of Central LA without depending on one single street or retail center.
436 Normandie Pl brings together current income, larger 2- and 3-bedroom layouts, recent system improvements, and approx. 14% rental upside in a central Los Angeles location.
At $229,167 per unit and $247 per SF, the property gives buyers a practical price point in Melrose Hill with a unit mix that is easy to understand and an improvement plan that does not need to be overcomplicated. Existing income, completed system work, and room to improve rents are the core of the story here.
6 Units
$229,167
5,560 SF
$247
5,279 SF
1957
6.78%
8.72
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