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216 N Normandie Ave, Los Angeles, CA 90004
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216 N Normandie Ave Los Angeles, CA 90004

$1,535,888 Sold Price as of 04/09/2024
  • 6 Beds
  • 6 Baths
  • 4,156 Sq.Ft.
Sold
$1,535,888 Sold Price as of 04/09/2024 Refinance Your Mortgage
Map preview of 216 N Normandie Ave, Los Angeles, CA 90004

Property Overview: 216 N Normandie Ave Los Angeles, CA has 6 bedrooms, 6 bathrooms, 4,156 living square feet and 5,999 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Six-unit apartment building located in a desirable business corridor of Wilshire Center and Koreatown neighborhoods located at 216 N Normandie Ave. This offering consists of two-story building boasting approximately 4,156 square feet of improvements on a 5,999 square feet lot zoned LAR3. Residents at this location can easily travel to neighboring communities including Hollywood, Los Feliz, Silver Lake, and Echo Park. This opportunity will allow savvy investors to capitalize on existing cash-flow and add value along the way.

Listed by Nicole Lu | BRE #02045957 | Maher Commercial Realty
Co-listed by Richard Ringer | BRE #01238308 | Richard J. Ringer Inc.
Last checked: 41 seconds ago | Last updated: April 12th, 2024 | Source CRMLS | DOM: 107

Home details

Lot Sq. Ft
5,999
HOA Dues
$0/mo
Year built
1948
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
24379611
City
Los Angeles
County
Los Angeles
Time on Site
34 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,039
  • Total Rent: $1,039
  • Pro Forma/Market Rent: $2,100
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,850
  • Total Rent: $1,850
  • Pro Forma/Market Rent: $2,100
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,850
  • Total Rent: $1,850
  • Pro Forma/Market Rent: $2,100
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,100
  • Total Rent: $2,100
  • Pro Forma/Market Rent: $2,100
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,950
  • Total Rent: $1,950
  • Pro Forma/Market Rent: $2,100
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,204
  • Total Rent: $2,100
  • Pro Forma/Market Rent: $2,100
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.77%
  • Gross Rent Multiplier: 13.25
  • Gross Scheduled Income: --
  • Net Operating Income: $81,129
  • Gross Operating Income: $124,461
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 216 N Normandie Ave

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Laundry Information
  • Has Laundry
  • None
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: One
  • Security Features: Gated Community, Window Bars
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 6
  • Has Parking
  • Parking Features: Uncovered
Lot Information
  • Lot Size Source: Other
Property Information
  • Total # of Units: 6
  • Parcel Number: 5518004018
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: N Normandie Ave & Beverly Blvd
View more facts & features

Local Los Angeles Agent

Sale History for 216 N Normandie Ave

Last sold for $1,535,888 on April 9th, 2024

  • April, 2024

  • Apr 9, 2024

    Date

    Sold

    CRMLS: 24379611

    $1,535,888

    Price

  • Nov 15, 2023

    Date

    Active

    CRMLS: 24379611

    $1,700,000

    Price

  • February, 2024

  • Feb 12, 2024

    Date

    Expired

    CRMLS: 23332308

    $1,700,000

    Price

  • Nov 15, 2023

    Date

    Active

    CRMLS: 23332308

    $1,700,000

    Price

  • Listing provided courtesy of CRMLS

  • March, 2019

  • Mar 18, 2019

    Date

    Canceled

    CRMLS: PF18264547

    $1,499,999

    Price

  • Dec 26, 2018

    Date

    Price Change

    CRMLS: PF18264547

    $1,499,999

    Price

  • Dec 4, 2018

    Date

    Price Change

    CRMLS: PF18264547

    $1,500,000

    Price

  • Nov 2, 2018

    Date

    Active

    CRMLS: PF18264547

    $1,800,000

    Price

  • Listing provided courtesy of CRMLS

    Great income generating 6 unit building in the heart of Mid-Wilshire district. Building is in excellent condition considering its age. Clean streets in front and the surrounding area. Each unit has been kept up to date, hardwood floors in several of them. Security Cameras.

  • July, 2002

  • Jul 23, 2002

    Date

    Sold (Public Records)

    Public Records

    $380,000

    Price

  • August, 1999

  • Aug 10, 1999

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 216 N Normandie Ave

Assessed Value (2020): $503,227
Year Land Value Improved Value Assessed Value
2020 $198,640 $304,587 $503,227

Home Value Compared to the Market

This property vs the competition

216 N Normandie Ave sold on April 9, 2024 for 42.86% 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 $409.05 per/sqft which puts the price per square foot 45.82% lower than the current median sale per square foot for the city of Los Angeles.

About 216 N Normandie Ave

Detailed summary of property

216 N Normandie Ave is a multi family that recently sold in Los Angeles, CA 90004. This multi family property offered 6 bedrooms, 6 bathrooms, roughly 4,156 living square feet, and sits on an approximately 5,999 square foot lot. 216 N Normandie Ave was first listed on ArdentRealEstateGroup.com on April 12, 2024. The homeowner sold the property for $1,535,888. 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 42.86% higher than the current median priced home. Local homes that are currently for sale include 5324 Monroe St, 1027 N Edgemont St and 1000 N Oxford Ave. While the average home in Los Angeles, CA is selling in 94 days, 216 N Normandie Ave has a days on market of 107 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 216 N Normandie Ave Los Angeles, CA 90004 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 216 N Normandie Ave

Public county record property details
Beds
6
Baths
6
Year built
1948
Sq. Ft.
4,156
Lot Size
5,999
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
3
APN
5518-004-018

The source for these homes facts are from public records.

90004 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,500,000
Median List Price/Sq.Ft.
$795
Median Sold Price
$1,650,000
Median Sold Price/Sq.Ft.
$873
Total Inventory
61
Median Sale to List Price %
97.35%
Avg Days on Market
27
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (13.33%), Other (0%)

Thinking of Selling?

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Recently Sold Homes Near 216 N Normandie Ave

201 N Normandie Ave, Los Angeles, CA 90004
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16 Baths
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201 N Normandie Ave
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200 N Mariposa Ave, Los Angeles, CA 90004
$1,350,000 Last Sold Price
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325 N Normandie Ave, Los Angeles, CA 90004
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147 N Mariposa Ave, Los Angeles, CA 90004
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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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