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

$2,394,999
  • 13 Beds
  • 12 Baths
  • 3,908 Sq.Ft.
For Sale
$2,394,999 Get Pre-Qualified

Map preview of 315 N Normandie Ave, Los Angeles, CA 90004

Property Overview: 315 N Normandie Ave Los Angeles, CA has 13 bedrooms, 12 bathrooms, 3,908 living square feet and 4,500 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: NOW WITH POSITIVE CASH FLOW!!! Welcome to an exceptional multifamily building situated in the heart of East Hollywood, Los Angeles. This newly constructed property comprises three distinct units, offering a unique blend of spacious layouts and modern amenities. Two of the units boast an impressive 5-bedroom, 5-bathroom configuration, catering to both first-time homebuyers and astute investors. The third unit features a comfortable 3-bedroom, 2-bathroom layout, providing a versatile living space. Natural light floods the open-concept living and kitchen space, offering panoramic views of palm trees, the iconic Hollywood sign, and glimpses of the downtown skyline. The kitchen features a spacious island, perfect for hosting gatherings and adding an inviting touch to the space. This modern multifamily building is not only visually appealing but also equipped with top-of-the-line amenities. Each unit is furnished with brand-new appliances, in-unit laundry for added convenience, and contemporary bathroom lighting fixtures. Two assigned parking spots are included with each unit, ensuring hassle-free parking.The property's versatility makes it ideal for various lifestyles whether you're in search of a spacious family home, a comfortable space for co-living with roommates, or a lucrative investment opportunity to offset your mortgage by renting to friends and family. Beyond the walls of this splendid property, residents will enjoy a prime location with an outstanding walk score. Countless restaurants and shops are just steps away, ensuring effortless daily errands. Additionally, the vibrant nightlife, theaters, and entertainment options in the vicinity guarantee there's always something exciting to do.Don't miss out on this extraordinary opportunity. Whether you're looking for your dream residence or a promising investment, this multifamily building in East Hollywood has it all. Contact us today to schedule a viewing and seize this exceptional property in one of Los Angeles' most sought-after neighborhoods.

Listed by Robert Fields | BRE #02080346 | Compass
Co-listed by Lauren Biedenharn | BRE #01955597 | Compass
Last checked: 14 minutes ago | Last updated: April 9th, 2024 | Source CRMLS | DOM: 102
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Home details

Lot Sq. Ft
4,500
HOA Dues
$0/mo
Year built
2022
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
23339013
City
Los Angeles
County
Los Angeles
Time on Site
142 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $3,200
  • Total Rent: $0
  • Pro Forma/Market Rent: $3,200
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 5
  • # of Baths: 5
  • Furnishing: Unfurnished
  • Actual Rent: $5,000
  • Total Rent: $0
  • Pro Forma/Market Rent: $5,000
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 5
  • # of Baths: 5
  • Furnishing: Unfurnished
  • Actual Rent: $5,000
  • Total Rent: $0
  • Pro Forma/Market Rent: $5,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: --
  • Net Operating Income: $127,200
  • Gross Operating Income: $158,400
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 315 N Normandie Ave

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Property Details for 315 N Normandie Ave

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Washer Included, Dryer Included
Kitchen Information
  • Has Appliances
  • Dishwasher, Microwave, Refrigerator
Interior Features
  • Ceiling Fan(s)
  • Levels: Multi/Split
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Assigned, Driveway
Property Information
  • Total # of Units: 3
  • Parcel Number: 5520026011
  • Year Built Source: Builder
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: Google maps
View more facts & features

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Sale History for 315 N Normandie Ave

Last sold for $618,000 on June 9th, 2020
  • April, 2024

  • Apr 30, 2024

    Date

    Expired

    CRMLS: 23312887

    $599,000

    Price

  • Sep 25, 2023

    Date

    Active

    CRMLS: 23312887

    $599,000

    Price

  • Listing provided courtesy of CRMLS

    Welcome to an exceptional opportunity nestled in the heart of East Hollywood, Los Angeles. This newly constructed ground floor unit offers a well-thought-out 3-bedroom, 2-bathroom layout designed to cater to both first-time homebuyers and savvy investors. From the moment you step inside, the property's versatility becomes apparent. Enter the open concept living area, a fully equipped kitchen, and convenient laundry facilities bathed in natural light. You'll find brand-new appliances, in-unit laundry for added convenience, and contemporary bathroom lighting fixtures. This property comes with its own outdoor space and two assigned parking spaces. The property is incredibly versatile, whether you're seeking a spacious family home, a comfortable space for co-living with roommates, or a savvy investment opportunity to help offset your mortgage by renting to friends and family. Beyond the walls of this splendid property, you'll discover a prime location with an outstanding walk score. Countless restaurants and shops are mere steps away, ensuring that daily errands are a breeze. Furthermore, the vibrant nightlife, theaters, and entertainment options in the vicinity guarantee there's always something exciting to do.Don't miss out on this extraordinary opportunity. Whether you're on the hunt for your dream residence or a promising investment, this East Hollywood townhome has it all. Contact us today to schedule a viewing and seize this exceptional property in one of Los Angeles' most sought-after neighborhoods.

  • April, 2024

  • Apr 9, 2024

    Date

    Withdrawn

    CRMLS: 24365883

    $3,250

    Price

  • Mar 6, 2024

    Date

    Active

    CRMLS: 24365883

    $3,500

    Price

  • Listing provided courtesy of CRMLS

    Welcome to an exceptional opportunity nestled in the heart of East Hollywood, Los Angeles. This newly constructed ground floor unit offers a well-thought-out 3-bedroom, 2-bathroom layout designed to cater to both first-time homebuyers and savvy investors. From the moment you step inside, the property's versatility becomes apparent. Enter the open concept living area, a fully equipped kitchen, and convenient laundry facilities bathed in natural light. You'll find brand-new appliances, in-unit laundry for added convenience, and contemporary bathroom lighting fixtures. This property comes with its own outdoor space and two assigned parking spaces. The property is incredibly versatile, whether you're seeking a spacious family home, a comfortable space for co-living with roommates, or a savvy investment opportunity to help offset your mortgage by renting to friends and family. Beyond the walls of this splendid property, you'll discover a prime location with an outstanding walk score. Countless restaurants and shops are mere steps away, ensuring that daily errands are a breeze. Furthermore, the vibrant nightlife, theaters, and entertainment options in the vicinity guarantee there's always something exciting to do.Don't miss out on this extraordinary opportunity. Whether you're on the hunt for your dream residence or a promising investment, this East Hollywood townhome has it all. Contact us today to schedule a viewing and seize this exceptional property in one of Los Angeles' most sought-after neighborhoods.

  • December, 2023

  • Dec 12, 2023

    Date

    Active

    CRMLS: 23339013

    $2,395,000

    Price

  • June, 2020

  • Jun 9, 2020

    Date

    Sold

    CRMLS: 320000691

    $618,000

    Price

  • Jun 9, 2020

    Date

    Pending

    CRMLS: 320000691

    $650,000

    Price

  • May 15, 2020

    Date

    Price Change

    CRMLS: 320000691

    $650,000

    Price

  • Mar 4, 2020

    Date

    Pending

    CRMLS: 320000691

    $699,000

    Price

  • Feb 20, 2020

    Date

    Active

    CRMLS: 320000691

    $699,000

    Price

  • Listing provided courtesy of CRMLS

    315 North Normandie, Los Angeles This is a rare opportunity to purchase a unique property in the Koreatown section of Los Angeles. Zoned LAR3. The owner inherited this property and never lived in it. It was a rental that featured 3 bedrooms and 2 baths with 1,092 sq. feet of living space on a 4,499 sq. ft. lot. With its proximity to shopping, transportation, freeways and Downtown Los Angeles. The development possibilities are endless. What an exceptional opportunity for that first-time buyer or as an investment property. This property was built in 1912 and is being sold in its as is condition. Buyers should check with the city on development potential.

  • June, 2020

  • Jun 9, 2020

    Date

    Sold (Public Records)

    Public Records

    $618,000

    Price

  • July, 1997

  • Jul 7, 1997

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 315 N Normandie Ave

Assessed Value (2020): $256,633
Year Land Value Improved Value Assessed Value
2020 $229,626 $27,007 $256,633

Home Value Compared to the Market

This property vs the competition

315 N Normandie Ave is listed 95.51% higher than the median list price for the city of Los Angeles which has a median list price of $1,225,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $612.85 per/sqft which puts the price per square foot 20.82% lower than the median price per square foot for the city of Los Angeles.

About 315 N Normandie Ave

Detailed summary of property

315 N Normandie Ave is a multi family located in Los Angeles, CA 90004 and is currently for sale. This multi family property offers 13 bedrooms, 12 bathrooms, roughly 3,908 living square feet, and sits on an approximately 4,500 square foot lot. 315 N Normandie Ave was first listed on ArdentRealEstateGroup.com on December 12, 2023. The homeowner is currently asking $2,394,999 and was originally asking $2,395,000. The median priced home in Los Angeles is $1,225,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 95.51% higher than the median priced home. Local competing homes currently for sale include 801 N Alexandria Ave, 867 N Alexandria Ave and 867 N Alexandria Ave. While the average home in Los Angeles, CA is selling in 96 days, 315 N Normandie Ave has a days on market of 102 days. There are currently 3485 homes for sale in the Los Angeles real estate market and 2372 of them are single family homes while 1013 of them are condos and 94 are townhomes. For more information on this home for sale at 315 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 315 N Normandie Ave

Public county record property details
Beds
3
Baths
2
Year built
1912
Sq. Ft.
1,092
Lot Size
4,499
Stories
--
Type
Single Family Residential
Pool
No
Spa
No
County
Los Angeles
Lot#
7,12
APN
5520-026-011

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
$1,388,000
Median List Price/Sq.Ft.
$810
Median Sold Price
$1,650,000
Median Sold Price/Sq.Ft.
$873
Total Inventory
64
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%)

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Related Resources to 315 N Normandie Ave

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.