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1228 S Normandie Ave Los Angeles, CA 90006

$3,420,000 Sold Price as of 07/17/2020

46 Beds
37 Baths
-- Sq.Ft.

Sold

$3,420,000 Sold Price as of 07/17/2020 Refinance Your Mortgage

Map preview of 1228 S Normandie Ave, Los Angeles, CA 90006

Property Overview: 1228 S Normandie Ave Los Angeles, CA has 46 bedrooms, 37 bathrooms, -- living square feet and 17,716 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Price Reduction ! Dream Realty and Rosano Partners are pleased to present a great development opportunity up to 70 units with adjacent 3 lots zoned R4-1VL with TOC Tier2 , total lot size 17716 sqft in Prime Korea Town.There are 1228 Normandie Ave (Duplex, 1 unit can be vacant at the close of escrow, APN 5078-035-020 ), 1234 Normandie Ave ( Single family Home, APN 5078-020-019 ), 1238 Normandie Ave (Triplex, 2 units can be vacant at the close of escrow, APN5078-035-018 ) . Sold 'As-Is' in present condition. Buyer has to verify all information including but not limit through county record and personal inspection with appropriate professionals or etc.

Listed by Jackie Chung | BRE #02008205 | Dream Realty Asset Mgt, Inc.
Co-listed by Bo Hyeok Kim | BRE #01968218 | Rosano Partners

Last checked: 1 minute ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 95

Home details

Lot Sq. Ft: 17,716
HOA Dues: $0/mo
Year built: 1902
Garage: --
Property Type:: Multi Family

Status: Sold
MLS#: 19496372
City: Los Angeles
County: Los Angeles
Time on Site: 1265 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 0
Total # of Buildings: 3

Unit Breakdown 1

# of Units: 1
# of Beds: 4
# of Baths: 1
Furnishing: Unfurnished
Total Rent: $0
Pro Forma/Market Rent: $3,500

Unit Breakdown 2

# of Units: 2
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $910
Total Rent: $910
Pro Forma/Market Rent: $1,300

Unit Breakdown 3

# of Units: 3
# of Beds: 3
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $3,000
Total Rent: $3,000
Pro Forma/Market Rent: $4,000

Unit Breakdown 4

# of Units: 4
# of Beds: 5
# of Baths: 5
Furnishing: Unfurnished
Actual Rent: $4,000
Total Rent: $4,000
Pro Forma/Market Rent: $5,000

Unit Breakdown 5

# of Units: 5
# of Beds: 1
# of Baths: 1
Total Rent: $0
Pro Forma/Market Rent: $1,300

Unit Breakdown 6

# of Units: 6
# of Beds: 1
# of Baths: 1
Total Rent: $0
Pro Forma/Market Rent: $1,300

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: 0
Gross Scheduled Income: --
Net Operating Income: $0
Gross Operating Income: $0

Annual Expense Breakdown

Total Operating Expense: --

Property Details for 1228 S Normandie Ave

Interior Features

Cooling Information

No Cooling
None

Heating Information

Has Heating
Floor Furnace

Lot Details / Garage and Parking

Parking/Garage Information

Has Parking
Parking Features: Parking Space

Lot Information

Lot Size Source: Assessor

Property Information

Parcel Number: 5078035020

Location / Neighborhood

Location Information

Directions: Between Olympic and Pico on Normandie Ave.

View more facts & features

Local Los Angeles Agent

Sale History for 1228 S Normandie Ave

Last sold for $3,420,000 on July 17th, 2020

July, 2020
Jul 19, 2020

Date

Sold

CRMLS: 19496372

$3,420,000

Price
Nov 20, 2019

Date

Active Under Contract

CRMLS: 19496372

$3,400,000

Price
Oct 29, 2019

Date

Price Change

CRMLS: 19496372

$3,400,000

Price
Oct 8, 2019

Date

Active

CRMLS: 19496372

$3,590,000

Price
Oct 4, 2019

Date

Active Under Contract

CRMLS: 19496372

$3,590,000

Price
Sep 20, 2019

Date

Active

CRMLS: 19496372

$3,590,000

Price
Sep 13, 2019

Date

Hold

CRMLS: 19496372

$3,590,000

Price
Aug 7, 2019

Date

Active

CRMLS: 19496372

$3,590,000

Price
July, 2020
Jul 16, 2020

Date

Sold (Public Records)

Public Records

$3,470,000

Price
July, 2019
Jul 30, 2019

Date

Canceled

CRMLS: 18406914

$1,250,000

Price
Jul 26, 2019

Date

Price Change

CRMLS: 18406914

$1,250,000

Price
Apr 25, 2019

Date

Price Change

CRMLS: 18406914

$1,300,000

Price
Apr 2, 2019

Date

Active

CRMLS: 18406914

$1,350,000

Price
Apr 1, 2019

Date

Expired

CRMLS: 18406914

$1,350,000

Price
Nov 12, 2018

Date

Active

CRMLS: 18406914

$1,350,000

Price
Listing provided courtesy of CRMLS

Huge reduction. Dream properties for developers. Located in Korea Town strong rental area. Three parcels. Size is $17716 sq. ft. R-4 zoned. Can be built up to 70 Units. Sold As Is and Where Is condition.

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December, 2016
Dec 21, 2016

Date

Sold (Public Records)

Public Records

$950,000

Price

Tax History for 1228 S Normandie Ave

Assessed Value (2020): $1,008,146

Year	Land Value	Improved Value	Assessed Value
2020	$636,724	$371,422	$1,008,146

Home Value Compared to the Market

This property vs the competition

1228 S Normandie Ave sold on July 17, 2020 for 200.88% higher than the current median sold price for the city of Los Angeles which is $1,130,000.

About 1228 S Normandie Ave

Detailed summary of property

1228 S Normandie Ave is a multi family that recently sold in Los Angeles, CA 90006. This multi family property offered 46 bedrooms, 37 bathrooms, roughly -- living square feet, and sits on an approximately 17,716 square foot lot. 1228 S Normandie Ave was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $3,420,000. Home in Los Angeles are selling for a median price of $1,130,000 and a median price per square foot of $754. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 200.88% higher than the current median priced home. Local homes that are currently for sale include 1470 W Adams Blvd, 1435 Alvarado and 830 S Hoover St. While the average home in Los Angeles, CA is selling in 99 days, 1228 S Normandie Ave has a days on market of 95 days. There are currently 3982 homes for sale in the Los Angeles real estate market and 2673 of them are single family homes while 1195 of them are condos and 107 are townhomes. For more information on this home for sale at 1228 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 1228 S Normandie Ave

Public county record property details

Beds: 4
Baths: 1
Year built: 1902
Sq. Ft.: 1,783
Lot Size: 5,905
Stories: --

Type: Duplex (2 Units, Any Combination)
Pool: No
Spa: No
County: Los Angeles
Lot#: 19
APN: 5078-035-020

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.

$604

Median Sold Price

$299,000

Median Sold Price/Sq.Ft.

$650

Total Inventory

Median Sale to List Price %

100%

Avg Days on Market

Loan Type

Conventional (0%), FHA (0%), VA (0%), Cash (0%), 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.