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2117 Norwood St, Los Angeles, CA 90007
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2117 Norwood St Los Angeles, CA 90007

$950,000 Sold Price as of 10/19/2021
  • 5 Beds
  • 3 Baths
  • 2,573 Sq.Ft.
Sold
$950,000 Sold Price as of 10/19/2021 Refinance Your Mortgage
Map preview of 2117 Norwood St, Los Angeles, CA 90007

Property Overview: 2117 Norwood St Los Angeles, CA has 5 bedrooms, 3 bathrooms, 2,573 living square feet and 7,412 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Deadline for Offers is 9/21 at 5PM. Victorian style duplex and single family residence compound featuring three residences provide 2573sf of living area, on a spacious 7412 sf mid block lot. Step to trendy Figueroa corridor and 23rd st dining in prime University Park. Desirably located between DTLA and USC , with newer market rate tenancies to USC students and working professionals , this investment is not to be missed. One 2bed/1ba unit currently occupied by owner, will be delivered vacant! Great value add opportunity to improve asset and raise income, but purchase NOW with an attractive in place cap rate. Priced to sell ! Contact listing agent for interior photos and more lease information. Do not disturb tenants, no showings without presented Buyer Offer, please enquire for more details. Sold Strictly As-IS, no credits.

Listed by Lapchih Fan | BRE #02024018 | LF8 Real Estate Inc.
Co-listed by Richard Harris | BRE #02056430 | LF8 Real Estate Inc.
Last checked: 7 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 11

Home details

Lot Sq. Ft
7,412
HOA Dues
$0/mo
Year built
1922
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
21782746
City
Los Angeles
County
Los Angeles
Time on Site
970 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,350
  • Total Rent: $2,350
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,500
  • Total Rent: $1,500
  • Pro Forma/Market Rent: $1,700
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,600
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,600
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 9.7
  • Gross Scheduled Income: --
  • Net Operating Income: $65,448
  • Gross Operating Income: $73,530
Annual Expense Breakdown
  • Total Operating Expense: --
  • New Taxes: $3,315
  • Insurance: $735
  • Maintenance: $1,500
  • Water/Sewer: $2,532

Virtual Tour

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Property Details for 2117 Norwood St

Interior Features
Heating Information
  • Has Heating
  • Forced Air
Laundry Information
  • Has Laundry
  • Washer Included, Outside
Room Information
  • Flooring: Laminate, Tile
Kitchen Information
  • Has Appliances
  • Refrigerator
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Carport, Driveway
Property Information
  • Total # of Units: 3
  • Parcel Number: 5124022023
  • Architectural Style: Victorian
  • Property Condition: Fixer, Repairs Cosmetic, Repairs Major
Location / Neighborhood
Location Information
  • Directions: Norwood
View more facts & features

Local Los Angeles Agent

Sale History for 2117 Norwood St

Last sold for $950,000 on October 19th, 2021

  • September, 2021

  • Sep 16, 2021

    Date

    Active

    CRMLS: 21782746

    $750,000

    Price

Tax History for 2117 Norwood St

Assessed Value (2020): $250,627
Year Land Value Improved Value Assessed Value
2020 $218,682 $31,945 $250,627

Home Value Compared to the Market

This property vs the competition

2117 Norwood St sold on October 19, 2021 for 36.97% lower 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 $291.49 per/sqft which puts the price per square foot 61.39% lower than the current median sale per square foot for the city of Los Angeles.

About 2117 Norwood St

Detailed summary of property

2117 Norwood St is a multi family that recently sold in Los Angeles, CA 90007. This multi family property offered 5 bedrooms, 3 bathrooms, roughly 2,573 living square feet, and sits on an approximately 7,412 square foot lot. 2117 Norwood St was first listed on ArdentRealEstateGroup.com on September 16, 2021. The homeowner sold the property for $950,000. 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 36.97% lower than the current median priced home. Local homes that are currently for sale include 1543 W 22nd Pl, 1835 W 12th St and 1835 W 12th St. While the average home in Los Angeles, CA is selling in 94 days, 2117 Norwood St has a days on market of 11 days. There are currently 3654 homes for sale in the Los Angeles real estate market and 2456 of them are single family homes while 1102 of them are condos and 90 are townhomes. For more information on this home for sale at 2117 Norwood St Los Angeles, CA 90007 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 2117 Norwood St

Public county record property details
Beds
3
Baths
3
Year built
1922
Sq. Ft.
2,573
Lot Size
7,342
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
2,10
APN
5124-022-023

The source for these homes facts are from public records.

90007 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,199,999
Median List Price/Sq.Ft.
$616
Median Sold Price
$710,000
Median Sold Price/Sq.Ft.
$645
Total Inventory
13
Median Sale to List Price %
94.79%
Avg Days on Market
63
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (0%), Other (0%)

Thinking of Selling?

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(714) 706-1823

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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.

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