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Apartments For Sale • 7,148 SF
| The Neema Group of Marcus & Millichap is pleased to present 4140 Normal Avenue, a rare 12-unit bungalow-style investment opportunity. |
| The property sits on an expansive 15,501-square-foot lot and features eight spacious 1+1 bungalow units along with a two-story structure with four 1+1 |
| The majority of the units have been extensively renovated. |
| With effective renovations and proven rents, the property provides strong existing cash flow at a 5.65% CAP rate and 11.09 GRM on current income. |
| 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. |
| Commuter Rail | Drive | Walk | Distance |
|---|---|---|---|
| Glendale (Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink)) | 8 min | - | 3.7 mi |
| Los Angeles (Coast Starlight - Amtrak, Pacific Surfliner - Amtrak, Southwest Chief - Amtrak, Texas Eagle - Amtrak) | 8 min | - | 4.2 mi |
| Transit/Subway | Drive | Walk | Distance |
| Vermont/Santa Monica Station (Red Line - Los Angeles County Metropolitan Transportation Authority (Metro)) | 1 min | 10 min | 0.6 mi |
| Vermont/Beverly Station (Red Line - Los Angeles County Metropolitan Transportation Authority (Metro)) | 2 min | 19 min | 1.0 mi |
| Airport | Drive | Walk | Distance |
| Bob Hope | 20 min | - | 11.8 mi |
| Los Angeles International | 28 min | - | 15.9 mi |
| Long Beach (Daugherty Field) | 36 min | - | 25.2 mi |
| Parking Available: | Yes |
| Reserved: | No |
| Spaces Provided: | 2 |
| Type: | Surface |
| Included in Rent: | Yes |
Patricia Escobar
Marcus & Millichap
