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3020 S Normandie Ave, Los Angeles, CA 90007
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3020 S Normandie Ave Los Angeles, CA 90007

$1,080,000 Sold Price as of 07/22/2021
  • 2 Beds
  • 2 Baths
  • 1,800 Sq.Ft.
Sold
$1,080,000 Sold Price as of 07/22/2021 Refinance Your Mortgage
Map preview of 3020 S Normandie Ave, Los Angeles, CA 90007

Property Overview: 3020 S Normandie Ave Los Angeles, CA has 2 bedrooms, 2 bathrooms, 1,800 living square feet and 6,454 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are pleased to offer the opportunity to acquire this 6,454 SF lot Student Housing Development opportunity located at 3020 S. Normandie Avenue, blocks to the University of Southern California (USC).The site offers a zoning ordinance of LAR3 (Q-condition), which allows for the construction of 5 units by right. With a Tier 1 TOC (50% density bonus), this allows for the development of an additional 4 units, totaling a potential 9 buildable units. The duplex is 100% occupied and will be delivered occupied upon the close of escrow.

Listed by Davis Saadian | BRE #01921748 | Keller Williams Beverly Hills
Co-listed by Adam Shamooelian | BRE #02116849 | Keller Williams Beverly Hills
Last checked: 12 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 7

Home details

Lot Sq. Ft
6,454
HOA Dues
$0/mo
Year built
1922
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
21746702
City
Los Angeles
County
Los Angeles
Time on Site
1075 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 2
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,800
  • Total Rent: $2,800
  • Pro Forma/Market Rent: $3,700
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 32
  • Gross Scheduled Income: --
  • Net Operating Income: $22,815
  • Gross Operating Income: $32,592
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 3020 S Normandie Ave

Lot Details / Garage and Parking
Parking/Garage Information
  • No
  • Parking Features: None
Property Information
  • Total # of Units: 2
  • Parcel Number: 5040001011
Location / Neighborhood
Location Information
  • Directions: 3020 S. Normandie Avenue, LA 90007
View more facts & features

Local Los Angeles Agent

Sale History for 3020 S Normandie Ave

Last sold for $1,080,000 on July 22nd, 2021

  • July, 2021

  • Jul 24, 2021

    Date

    Sold

    CRMLS: 21746702

    $1,080,000

    Price

  • Jun 16, 2021

    Date

    Active Under Contract

    CRMLS: 21746702

    $1,095,000

    Price

  • Jun 9, 2021

    Date

    Active

    CRMLS: 21746702

    $1,095,000

    Price

  • July, 2002

  • Jul 31, 2002

    Date

    Sold (Public Records)

    Public Records

    $217,000

    Price

Show More

Tax History for 3020 S Normandie Ave

Assessed Value (2020): $287,582
Year Land Value Improved Value Assessed Value
2020 $198,640 $88,942 $287,582

Home Value Compared to the Market

This property vs the competition

3020 S Normandie Ave sold on July 22, 2021 for 7.98% 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 $608.33 per/sqft which puts the price per square foot 19.43% lower than the current median sale per square foot for the city of Los Angeles.

About 3020 S Normandie Ave

Detailed summary of property

3020 S Normandie Ave is a multi family that recently sold in Los Angeles, CA 90007. This multi family property offered 2 bedrooms, 2 bathrooms, roughly 1,800 living square feet, and sits on an approximately 6,454 square foot lot. 3020 S Normandie Ave was first listed on ArdentRealEstateGroup.com on June 9, 2021. The homeowner sold the property for $1,080,000. 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 7.98% lower than the current median priced home. Local homes that are currently for sale include 2012 S La Salle Ave, 1543 W 22nd Pl and 1334 W 25th St. While the average home in Los Angeles, CA is selling in 92 days, 3020 S Normandie Ave has a days on market of 7 days. There are currently 3712 homes for sale in the Los Angeles real estate market and 2493 of them are single family homes while 1120 of them are condos and 93 are townhomes. For more information on this home for sale at 3020 S Normandie Ave 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 3020 S Normandie Ave

Public county record property details
Beds
2
Baths
2
Year built
1922
Sq. Ft.
1,800
Lot Size
6,454
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
12
APN
5040-001-011

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
$1,198,999
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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