941 N Normandie Ave Case Study
East Hollywood, Los Angeles, CA
The Opportunity
941 N. Normandie Avenue was a value-add, 7-unit, non-rent-controlled apartment building in East Hollywood. Its challenges included a busy street location, extensive deferred maintenance, and rents running roughly 45% below market.
The Solution
We went directly to buyers who had purchased comparable non-rent-controlled properties within a two-mile radius over the prior two years. That targeted outreach generated multiple competitive offers in the first week of marketing.
The Results
We procured a buyer who closed quickly at 97% of list price, with both sides satisfied by the pace and terms of the transaction.
See the full closed sale record for 941 N Normandie Ave.
If You Are in a Similar Situation
Selling a value-add or rent-controlled building
Buildings with below-market rents and deferred work sell differently from fully renovated ones, and the rent rules shape what buyers will pay. Start with our guides to selling with tenants under rent control, the 2026 AB 1482 rent cap, and how buyers value an apartment building.
Frequently Asked Questions
How much did 941 N Normandie Ave sell for?
941 N Normandie Ave (East Hollywood, Los Angeles, CA) sold for $2,025,000. The building has 7 units, or about $289,286 per unit, and about $398 per square foot of building area.
What happened in the sale of 941 N Normandie Ave?
A 7-unit non-rent-controlled East Hollywood building with rents 45% below market sold at 97% of list within one week of marketing.
Can Highlight help me sell a similar building?
Yes. We advise apartment owners across the Los Angeles area on sales, 1031 exchanges, and trust and probate sales. Start with a free, confidential Broker Opinion of Value, or see our other case studies and closed sales.