1736 N Normandie Ave Los Angeles, CA 90027

$1,846,500 Sold Price as of 09/17/2019

8 Beds
8 Baths
5,467 Sq.Ft.

Off Market

$1,846,500 Sold Price as of 09/17/2019 Refinance Your Mortgage

Map preview of 1736 N Normandie Ave, Los Angeles, CA 90027

Property Overview: 1736 N Normandie Ave Los Angeles, CA has 8 bedrooms, 8 bathrooms, 5,467 living square feet and 6,907 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

1736 N Normandie 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 $1,235,000. The median price per/sqft for Los Angeles is $774. 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 $247,000 for the down payment and will need roughly $24,700 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 $59,500. 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 1736 N Normandie Ave

Last sold for $1,846,500 on September 17th, 2019

January, 2024
Jan 10, 2024

Date

Canceled

CRMLS: 23322839

$2,995,000

Price
Oct 19, 2023

Date

Active

CRMLS: 23322839

$3,100,000

Price
Listing provided courtesy of CRMLS

We are pleased to present the exclusive opportunity to acquire the Coral Reef Apartments, located at 1736 N Normandie Ave. The subject property is located just steps away from Hollywood Blvd and a short distance to the Hollywood/Western and Sunset/Vermont metro stations, ensuring a larger pool of prospective tenants in the future. The property contains 8 fully remodeled one bedroom units, landlord-owned onsite laundry, a large pool with a barbecue area for tenants to enjoy, and covered parking. In addition, the Coral Reef Apartments boast 8 fully remodeled One Bedroom units with great tenants in place and completed seismic retrofitting for the tuck under parking, ensuring low maintenance for the incoming owner of the property. The option to add-value is available for the right investor with the right vision to transform the common area even further to attract more potential tenants to the building. Located in one of LA's best neighborhoods, the Coral Reef Apartments are a great turn-key opportunity for a new buyer ready to build wealth with larger buildings, or the discerning investor seeking out low-maintenance, cash flowing properties to add to their growing portfolio.

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September, 2019
Sep 20, 2019

Date

Sold

CRMLS: 319001225

$1,846,300

Price
Jul 1, 2019

Date

Expired

CRMLS: 319001225

$2,250,000

Price
Apr 30, 2019

Date

Price Change

CRMLS: 319001225

$2,250,000

Price
Mar 27, 2019

Date

Active

CRMLS: 319001225

$2,450,000

Price
Listing provided courtesy of CRMLS

Major Price Reduction! Specialized Realty, Inc. is proud to present for sale 1736 N. Normandie Avenue, an incredible 8-unit investment opportunity in the heart of Hollywood that hasn't been on the market in over 45 years. Coral Reef Apartments are situated in the highly desirable Los Feliz area, steps away from Hollywood Blvd and blocks away from the Hollywood/Western and Vermont/Sunset Metro Stations. The property represents a true value-add opportunity with current rents well below market value in an area that is truly up and coming with a projected Cap Rate of almost 6%. All tenants are on a month to month term. The two story property features covered parking, on site laundry, pool and a backyard patio & BBQ area. The 101 and 5 major freeways are easy to access and the property is surrounded by LA's hottest neighborhoods. The booming area features a diverse demographic, with continued population growth and nearby developments.

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September, 2019
Sep 17, 2019

Date

Sold (Public Records)

Public Records

$1,846,500

Price
September, 2019
Sep 17, 2019

Date

Sold (Public Records)

Public Records

--

Price

Tax History for 1736 N Normandie Ave

Assessed Value (2020): $1,846,640

Year	Land Value	Improved Value	Assessed Value
2020	$1,200,000	$646,640	$1,846,640

About 1736 N Normandie Ave

Detailed summary of property

1736 N Normandie Ave is categorized with a use code of Apartment House (5+ Units) in Los Angeles, CA 90027 and last sold on September 17, 2019 for $1,846,500. This property has 8 bedrooms, 8 bathrooms, roughly 5,467 living square feet, and sits on an approximately 6,907 square foot lot. Homes 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 55.17% higher than the current median priced home. 1736 N Normandie Ave was last sold on September 17, 2019 for $1,846,500. Local nearby listings include 2020 N Serrano Ave, 1410-1 N Serrano Ave and 5004 N Oak Ln. The average home in Los Angeles, CA is selling in 94 days. There are currently 3580 homes for sale in the Los Angeles real estate market and 2422 of them are single family homes while 1059 of them are condos and 93 are townhomes. If you are the homeowner and looking to sell the home at 1736 N Normandie Ave Los Angeles, CA 90027 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1736 N Normandie Ave

Public county record property details

Beds: 8
Baths: 8
Year built: 1957
Sq. Ft.: 5,467
Lot Size: 6,907
Stories: --

Type: Apartment House (5+ Units)
Pool: Yes
Spa: No
County: Los Angeles
Lot#: 9
APN: 5589-037-009

The source for these homes facts are from public records.

90027 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$2,399,000

Median List Price/Sq.Ft.

$932

Median Sold Price

$1,785,930

Median Sold Price/Sq.Ft.

$941

Total Inventory

Median Sale to List Price %

99.49%

Avg Days on Market

Loan Type

Conventional (0%), FHA (0%), VA (0%), Cash (15.38%), Other (7.69%)

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