1223 N Normandie Ave, Los Angeles, CA 90029
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1223 N Normandie Ave Los Angeles, CA 90029

$1,200,000
  • 2 Beds
  • 2 Baths
  • 1,632 Sq.Ft.
For Sale
$1,200,000 Get Pre-Qualified

Map preview of 1223 N Normandie Ave, Los Angeles, CA 90029

Property Overview: 1223 N Normandie Ave Los Angeles, CA has 2 bedrooms, 2 bathrooms, 1,632 living square feet and 4,063 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: A good opportunity for an owner occupied with rental income or Developer/builder. These two units a side by side, one unit owner occupied, Each unit has 1 bedroom and 1 bath. The living space est. 1,632 Sq. Ft. The lot size on this property is 4,084 Sq. Ft. Zoning is LARD1.5-1XL Located in Tier 1 (Transit Oriented Communities, ) This property can be acquired with the next-door house (3 bedrooms and 2 baths on 1217 N Normandie Ave, Los Angeles, CA 90029.) These two properties combine a living space is approximately 2,854 Sq. Ft. A total lot size of 8,313 Sq.Ft. It may be possible to build up to 8 units with TOC-transit Oriented Communities-Tier 1. The property might be eligible for special tax (State Enterprize Zone) Please verify with the city and State. The duplex unit will be vacant at closing of escrow. The total sell price for 2 properties is $2.4M

Listed by Somboon Nakorn | BRE #00987926 | Keller Williams Glendale
Last checked: 15 minutes ago | Last updated: April 19th, 2024 | Source CRMLS | DOM: 111
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Call/Text (714) 706-1823

Home details

Lot Sq. Ft
4,063
HOA Dues
$0/mo
Year built
1922
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24372011
City
Los Angeles
County
Los Angeles
Time on Site
117 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $3,000
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,800
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 17.24
  • Gross Scheduled Income: --
  • Net Operating Income: $52,200
  • Gross Operating Income: $69,600
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 1223 N Normandie Ave

Interior Features
Room Information
  • Flooring: Laminate
  • Bonus Room
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: One
  • Security Features: Gated Community
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 2
  • Has Parking
  • Parking Features: Driveway
Property Information
  • No View
  • View: None
  • Total # of Units: 2
  • Parcel Number: 5537016015
  • Architectural Style: Spanish
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Sewer Paid
  • Water Source: Public
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: from south to north of 101 Freeway, exit at Santa Monica blvd, turn right, then turn left on Normandie Ave, the property will be on the Left side.
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Sale History for 1223 N Normandie Ave

Last sold for $462,000 on June 10th, 2005
  • March, 2024

  • Mar 19, 2024

    Date

    Active

    CRMLS: 24372011

    $1,200,000

    Price

  • June, 2005

  • Jun 10, 2005

    Date

    Sold (Public Records)

    Public Records

    $462,000

    Price

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Tax History for 1223 N Normandie Ave

Assessed Value (2020): $588,832
Year Land Value Improved Value Assessed Value
2020 $484,327 $104,505 $588,832

Home Value Compared to the Market

This property vs the competition

1223 N Normandie Ave is listed 0% higher than the median list price for the city of Los Angeles which has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $773 and this home is listed at $735.29 per/sqft which puts the price per square foot 4.88% lower than the median price per square foot for the city of Los Angeles.

About 1223 N Normandie Ave

Detailed summary of property

1223 N Normandie Ave is a multi family located in Los Angeles, CA 90029 and is currently for sale. This multi family property offers 2 bedrooms, 2 bathrooms, roughly 1,632 living square feet, and sits on an approximately 4,063 square foot lot. 1223 N Normandie Ave was first listed on ArdentRealEstateGroup.com on March 23, 2024. The homeowner is currently asking $1,200,000. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $773. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 0% higher than the median priced home. Local competing homes currently for sale include 5415 Monroe St, 4938 Maplewood Ave and 4843 Rosewood Ave. While the average home in Los Angeles, CA is selling in 101 days, 1223 N Normandie Ave has a days on market of 111 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2723 of them are single family homes while 1208 of them are condos and 114 are townhomes. For more information on this home for sale at 1223 N Normandie Ave Los Angeles, CA 90029 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1223 N Normandie Ave

Public county record property details
Beds
2
Baths
2
Year built
1922
Sq. Ft.
1,632
Lot Size
4,084
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
8
APN
5537-016-015

The source for these homes facts are from public records.

90029 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,022,990
Median List Price/Sq.Ft.
$712
Median Sold Price
$1,595,000
Median Sold Price/Sq.Ft.
$842
Total Inventory
31
Median Sale to List Price %
100%
Avg Days on Market
26
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (14.29%), 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.