4140 Normal Ave, Los Angeles, CA

Name: 4140 Normal Ave, For Sale in Los Angeles - eXp Realty
Brand: Marcus & Millichap
SKU: 26670223
Price: 3000000 USD

House

For Sale

Listed price in listed location currency (USD).

$3,000,000

12126

MLS® 26670223

Key Facts
Description
Map

Key Facts

Type

Levels Residential Income

Size 7148 sqft

Garage

Taxes

Days Active 13

Lot Size

Approx. Age 1923

Avg. Price Per Sqft $419

MLS® Number 26670223

Property Address: 4140 Normal Ave, Los Angeles, CA, 90029-2908

Average square foot calculated using Size range provided by listing agent.

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.

MLS® Number26670223

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1923

Basement

DrivewayDetached Carport

Garage Spaces

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Mar 27, 2026List Date

$3,000,000List Price

Commute

Commute

Starting Address

Destination Address

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