Property Detail

4140 Normal

Los Angeles CA 90029

$3,000,000

Status: Active

Property Details

Description

We are pleased to present4140 Normal Avenue, a rare 12-unit bungalow-style investment opportunity showcasing classic 1920s Hollywood charm located between Virgil Ave and N Hoover St. The property sits on an expansive 15,501-square-foot lot and features eight spacious one-bedroom bungalow units along with a two-story structure containing four additional one-bedroom units. The gated entry and garden-style courtyard layout enhance tenant appeal and create a private, community-oriented living environment. The majority of the units have been extensively renovated with stainless steel appliances, kitchen cabinetry, lighting fixtures, designer tile finishes, restored original hardwood flooring, in-unit washer/dryers, and ductless HVAC systems. With effective renovations and proven rents, the property provides strong existing cash flow at a 5.65% CAP rate and11.09 GRM on current income with an additional 28% rental upside as units turn. Ownership has also completed recent cap ex upgrades to the systems and common areas, including garage foundation upgrades, sewer line replacement, and new gate motor. The property features six parking spaces, two in the front and four private garages at the rear, generating $650 per month in additional income with further upside as one space is vacant. There is also potential to convert the garages toADU's (Buyer to verify). Additionally, there is RUBS in place to offset utility expenses. High Walk Score of 91, 4140 Normal Ave is a quarter mile from Los Angeles City College and minutes from the 101Freeway. Virgil Village sits at the crossroads of East Hollywood, SilverLake, and Los Feliz. The neighborhood has experienced significant demographic growth and retail expansion, attracting young professionals and families drawn to notable destinations such as Courage Bagels, Melody, Sqirl, Jewel, Budonoki, The Black Cat, and Virgil Cafe contributing to strong tenant demand and sustained rental growth in the immediate area.

Map Location

Listing provided courtesy of Neema Ahadian of Marcus & Millichap. Last updated 2026-05-11 08:11:10.000000. Listing information © 2025 CRMLS.

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"I worked with Ever through the process of an Estate Sale and sale of a condominium. Throughout the experience he and his team were extremely helpful. I had never been involved with an estate sale previously and was working with the additional factor of not being local. After an initial meeting I was able to deal with he and his team remotely which simplified the entire process and experience. Any questions or issues I had were very quickly addressed and resolved. My entire experience was very positive. Thank You!"

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