1014 S Norton Ave Los Angeles, CA 90019

$4,200,000 Sold Price as of 02/07/2018

-- Beds
-- Baths
8,732 Sq.Ft.

Off Market

$4,200,000 Sold Price as of 02/07/2018 Refinance Your Mortgage

Map preview of 1014 S Norton Ave, Los Angeles, CA 90019

Property Overview: 1014 S Norton Ave Los Angeles, CA has -- bedrooms, -- bathrooms, 8,732 living square feet and 8,886 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

1014 S Norton Ave is currently an off market home in the city of Los Angeles. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Los Angeles has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $768. With those numbers in mind, if you are looking to purchase a median priced home in Los Angeles, CA and put 20% down you will need to save up $240,000 for the down payment and will need roughly $24,000 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Los Angeles the commission could be as much as $56,000. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 1014 S Norton Ave

Last sold for $4,200,000 on February 7th, 2018

February, 2018
Feb 22, 2018

Date

Sold

CRMLS: 17294762

$4,200,000

Price
Jan 15, 2018

Date

Active Under Contract

CRMLS: 17294762

$4,395,000

Price
Dec 8, 2017

Date

Active

CRMLS: 17294762

$4,395,000

Price
Listing provided courtesy of CRMLS

We are pleased to present a twenty-four (24) unit property located in Mid-City, California. Situated at 1014 South Norton Avenue, just south of West Olympic Boulevard, and east of Crenshaw Boulevard, the property is located in Northeast Mid-City, near the border of Koreatown & Mid-Wilshire. Koreatown has seen an influx of new developments as rents have risen substantially in the area. Mid-Wilshire has long been a desirable neighborhood with consistently high rents, and attractions that bring young and hip Angelenos from around the city into the area.Built in 1947, this two-story property has a straightforward unit mix of twenty four (24) bachelor units. The Colonial-Revival styled offering has 12 units on the first floor, and 12 units on the second floor. 8 of the units have been recently renovated. This property presents an opportunity at incredible rental upside potential in a neighborhood that is poised for continued growth.

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February, 2018
Feb 7, 2018

Date

Sold (Public Records)

Public Records

$4,200,000

Price
August, 2017
Aug 4, 2017

Date

Sold (Public Records)

Public Records

$3,200,000

Price

Tax History for 1014 S Norton Ave

Assessed Value (2020): $4,373,880

Year	Land Value	Improved Value	Assessed Value
2020	$3,641,400	$732,480	$4,373,880

About 1014 S Norton Ave

Detailed summary of property

1014 S Norton Ave is categorized with a use code of Apartment House (5+ Units) in Los Angeles, CA 90019 and last sold on February 7, 2018 for $4,200,000. This property has -- bedrooms, -- bathrooms, roughly 8,732 living square feet, and sits on an approximately 8,886 square foot lot. Homes in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 275% higher than the current median priced home. 1014 S Norton Ave was last sold on February 7, 2018 for $4,200,000. Local nearby listings include 1246 S Bronson Ave, 1248 S Bronson Ave and 1248-1 S Bronson Ave. The average home in Los Angeles, CA is selling in 106 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. If you are the homeowner and looking to sell the home at 1014 S Norton Ave Los Angeles, CA 90019 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1014 S Norton Ave

Public county record property details

Beds: --
Baths: --
Year built: 1947
Sq. Ft.: 8,732
Lot Size: 8,886
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 4
APN: 5081-010-002

The source for these homes facts are from public records.

90019 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$1,450,000

Median List Price/Sq.Ft.

$703

Median Sold Price

$1,277,500

Median Sold Price/Sq.Ft.

$715

Total Inventory

Median Sale to List Price %

98.65%

Avg Days on Market

Loan Type

Conventional (0%), FHA (0%), VA (0%), Cash (0%), Other (20%)

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(714) 706-1823

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