About the Property

436 Normandie Pl is a 6-unit Melrose Hill multifamily asset now offered at $1,375,000 following a recent price adjustment. The revised pricing equates to $229,167 per unit and $247 per SF, placing the property closer to recent Melrose Hill trades while offering a larger, more functional unit mix than many nearby sales.

On current rents, 436 Normandie operates at a 6.78% CAP and 8.92 GRM. The revised basis gives buyers a clearer income profile in a Central LA submarket where pricing, layout, and near-term upside all need to be underwritten carefully.

Pricing Now Closer to Recent Melrose Hill Trades

The updated price brings 436 Normandie into better alignment with comparable sales in the immediate area over the past 6 months. At $229,167 per unit and $247 per SF, the property sits within the range of recent neighborhood trades while offering a unit mix weighted toward larger layouts. That matters in today’s market. Buyers are being more selective, and pricing needs to make sense against actual comps. The adjustment makes the income, unit mix, and upside easier to evaluate without relying on an aggressive story.

Current Income That Holds Up at the Revised Basis

436 Normandie operates at a 6.78% CAP and 8.92 GRM on current rents, supported by existing income and a consistent unit configuration. Based on renovated rental comps in the surrounding area, the property offers approx. 14% rental upside, with projected stabilization at an 8.51% CAP and 7.70 GRM. The rent growth path is straightforward. The larger layouts allow for a repeatable renovation plan as units turn over, while the current income provides a stable base for ownership from the start.

Larger 2-Bed and 3-Bed Layouts in a Smaller Building

The building is comprised of (2) 3-bed, 2-bath units and (4) 2-bed, 1-bath units. In Mid-City, where renters continue to value space, flexibility, and functional floorplans, this unit mix gives the property a practical advantage over smaller 1-bed-heavy assets.

The larger layouts support shared living, families, and work-from-home use, expanding the tenant pool without relying on niche demand. Built in 1957, the property features a clean 2-story layout above tuck-under parking, creating a straightforward footprint for ongoing operations.

Recent System Work That Keeps the Focus on Interiors

Major building systems have already been addressed at 436 Normandie. Recent capital 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. This work matters because it reduces immediate system concerns and allows a buyer to focus more directly on interior improvements, rent growth, and day-to-day operations.

A Central Position Between Melrose Hill, Koreatown, and 6th St

436 Normandie is positioned just north of Beverly Blvd, approx. 0.8 miles from the Melrose Ave and Western Ave corridor. That pocket continues to gain traction through restaurants, cafés, and neighborhood retail that have made Melrose Hill one of Central LA’s more active rental areas.

Residents are also within approx. 1.3 miles of Chapman Market and the 6th St corridor, approx. 1.5 miles from Larchmont Village, and near the Wilshire Blvd spine of Koreatown. The location gives tenants access to multiple dining, retail, and employment pockets without depending on one single corridor.

Conclusion

436 Normandie offers a 6-unit Melrose Hill asset where the revised pricing, current income, larger unit mix, and completed system work are all clearly defined. At $1,375,000, with a 6.78% CAP and 8.92 GRM on current rents, the property gives buyers a practical entry point into a central Los Angeles rental pocket with approx. 14% rental upside supported by nearby renovated comps.

For buyers looking at Central LA multifamily with larger layouts, existing income, and fewer immediate system questions, 436 Normandie presents a grounded 6-unit opportunity at a revised basis that now sits closer to recent Melrose Hill trades.