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436 Normandie Pl. presents a 6-unit complex in Melrose Hill, positioned just north of Beverly Blvd. in one of Mid-City's more active and steadily evolving rental pockets. The property sits approx. 0.8 miles from the Melrose Ave. and Western Ave. corridor, where a concentrated wave of new restaurants, cafes, and neighborhood retail has helped reshape Melrose Hill into one of the more distinct culinary pockets in Central Los Angeles. Residents are also within approx. 1.3 miles of Chapman Market and the 6th St. corridor, 1.3 miles from the Wilshire Blvd. spine of Koreatown, and 1.5 miles from both Larchmont Village and Paramount Studios, placing the property near several of the area's strongest lifestyle and employment drivers. Offered at $1,450,000, the property is priced at approx. $241,667 per unit and $261 per SF. The basis compares favorably with several recent sales in Melrose Hill and nearby Larchmont-adjacent neighborhoods, giving investors an entry point that is well supported by current market activity. On current rents, the asset operates at approx. 6.68% CAP and 9.37 GRM. Based on renovated rental comps in the surrounding area, the property offers approx. 13% rental upside, with projected stabilization at a 8.56% CAP and 7.93 GRM. The building is comprised of (2) 3+2 units and (4) 2+1 units, a unit mix that continues to perform well in Mid-City where renters value larger floor plans, functional layouts, and room for shared living or work-from-home flexibility. Built in 1957, the structure features a clean, straightforward 2-story layout above tuck-under parking. Taken together, 436 Normandie Pl. offers a well-located Melrose Hill asset with solid in-place returns, approximately 13% rental upside, and pricing that remains competitive with recent neighborhood sales. For investors looking for a Mid-City building with larger units, a central location, and exposure to one of the area's more active neighborhood corridors, the offering presents a clear and measurable value-add opportunity.
Property Type(s):
Residential Income
| Last Updated | 3/24/2026 | Year Built | 1957 |
|---|---|---|---|
| Community | C17 - Mid-Wilshire | County | Los Angeles |
Additional Details
| AREA | C17 - Mid-Wilshire |
|---|---|
| GARAGE | Yes |
| HEAT | Wall Furnace |
| LOT | 5279 sq ft |
| LOT DIMENSIONS | 5279 |
| PARKING | Covered, Garage, Tandem |
| STORIES | 2 |
| VIEW DESCRIPTION | None |
Location
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Listed with Compass
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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