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1120 S Normandie Ave Los Angeles, CA 90006

$1,455,000 Sold Price as of 12/24/2020

8 Beds
8 Baths
4,320 Sq.Ft.

Sold

$1,455,000 Sold Price as of 12/24/2020 Refinance Your Mortgage

Map preview of 1120 S Normandie Ave, Los Angeles, CA 90006

Property Overview: 1120 S Normandie Ave Los Angeles, CA has 8 bedrooms, 8 bathrooms, 4,320 living square feet and 5,907 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 1120 S Normandie Ave. is a charming 4,320 square foot Spanish style 8 unit apartment building composed of all 1+1 units. Each unit is separately metered for gas and electricity with separate hot water heaters and each unit averages 540 sq. ft. Four units have two entrances and small areas for a dog run or gardening. Located in a Qualified Opportunity Zone, on a 5,907 SF lot and zoned LAR4. The subject property is located in the up and coming Harvard Heights area of Los Angeles on Normandie Ave. and north of Pico Ave. and is within a quarter of a mile of approximately 100 new apartment units being currently built. It has easy access to major employment and entertainment hubs of Downtown LA & Hollywood making it highly sought after by the young professional tenant. The subject property is also ideally located near the 10 freeway and approximately half mile away from the Metro Red Line Wilshire/Normandie station. It is deemed a "walkers paradise" w/ a 93 walk score.

Listed by Nicole Apostolos | BRE #01464936 | Keller Williams Realty Encino-Sherman Oa

Last checked: 2 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 52

Home details

Lot Sq. Ft: 5,907
HOA Dues: $0/mo
Year built: 1927
Garage: --
Property Type:: Multi Family

Status: Sold
MLS#: 20625806
City: Los Angeles
County: Los Angeles
Time on Site: 1206 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 8
Total # of Buildings: 3

Unit Breakdown 1

# of Units: 8
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,048
Total Rent: $8,395
Pro Forma/Market Rent: $12,800

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: 15.63
Gross Scheduled Income: --
Net Operating Income: $67,263
Gross Operating Income: $100,740

Annual Expense Breakdown

Total Operating Expense: --

Property Details for 1120 S Normandie Ave

Interior Features

Cooling Information

No Cooling
None

Heating Information

Has Heating
Wall Furnace

Laundry Information

No Laundry
None

Exterior Features

No Pool
Pool Features: None

Lot Details / Garage and Parking

Parking/Garage Information

No
Parking Features: None

Property Information

Has View
View: City Lights
Total # of Units: 8
Parcel Number: 5078020022
Architectural Style: Spanish
Accessibility Features: None

Location / Neighborhood

Location Information

Directions: Located on Normandie Avenue between Olympic Blvd. and Pico Blvd.

View more facts & features

Local Los Angeles Agent

Sale History for 1120 S Normandie Ave

Last sold for $1,455,000 on December 24th, 2020

February, 2021
Feb 1, 2021

Date

Sold

CRMLS: 20625806

$1,455,000

Price
Oct 27, 2020

Date

Pending

CRMLS: 20625806

$1,575,000

Price
Aug 31, 2020

Date

Active

CRMLS: 20625806

$1,575,000

Price
December, 2020
Dec 23, 2020

Date

Sold (Public Records)

Public Records

$1,455,000

Price
September, 2014
Sep 19, 2014

Date

Sold (Public Records)

Public Records

$1,075,000

Price

Tax History for 1120 S Normandie Ave

Assessed Value (2020): $1,181,355

Year	Land Value	Improved Value	Assessed Value
2020	$824,201	$357,154	$1,181,355

Home Value Compared to the Market

This property vs the competition

1120 S Normandie Ave sold on December 24, 2020 for 32.35% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $364.58 per/sqft which puts the price per square foot 51.71% lower than the current median sale per square foot for the city of Los Angeles.

About 1120 S Normandie Ave

Detailed summary of property

1120 S Normandie Ave is a multi family that recently sold in Los Angeles, CA 90006. This multi family property offered 8 bedrooms, 8 bathrooms, roughly 4,320 living square feet, and sits on an approximately 5,907 square foot lot. 1120 S Normandie Ave was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $1,455,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 32.35% higher than the current median priced home. Local homes that are currently for sale include 1224-1226 Dewey Ave, 1229 S Harvard Blvd and 1103 S Hobart Blvd. While the average home in Los Angeles, CA is selling in 96 days, 1120 S Normandie Ave has a days on market of 52 days. There are currently 3485 homes for sale in the Los Angeles real estate market and 2372 of them are single family homes while 1013 of them are condos and 94 are townhomes. For more information on this home for sale at 1120 S Normandie Ave Los Angeles, CA 90006 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1120 S Normandie Ave

Public county record property details

Beds: 8
Baths: 8
Year built: 1927
Sq. Ft.: 4,320
Lot Size: 5,907
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 22
APN: 5078-020-022

The source for these homes facts are from public records.

90006 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$799,000

Median List Price/Sq.Ft.

$606

Median Sold Price

$690,000

Median Sold Price/Sq.Ft.

$600

Total Inventory

Median Sale to List Price %

98.71%

Avg Days on Market

Loan Type

Conventional (0%), FHA (0%), VA (0%), Cash (33.33%), Other (0%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.