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409 N Norton Ave, Los Angeles, CA 90004
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409 N Norton Ave Los Angeles, CA 90004

$1,515,000 Sold Price as of 01/26/2024
  • 4 Beds
  • 4 Baths
  • 3,620 Sq.Ft.
Sold
$1,515,000 Sold Price as of 01/26/2024 Refinance Your Mortgage
Map preview of 409 N Norton Ave, Los Angeles, CA 90004

Property Overview: 409 N Norton Ave Los Angeles, CA has 4 bedrooms, 4 bathrooms, 3,620 living square feet and 3,801 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: MAJOR PRICE REDUCTION. SELLER IS READY TO SELL! Welcome to an extraordinary opportunity in coveted Larchmont Village! Rarely does a property of such character and potential grace the market. This charming property boasts market-rate rents and offers an enticing prospect for savvy investors or owner-users seeking a distinctive slice of Los Angeles real estate. Architectural aficionados will revel in the details that define this 1920's property. Elegant decorative arches, built-ins, hardwood floors, and decorative fireplaces add a timeless touch to the front building. The rear unit, built by previous owners in the 1980s and seemingly permitted as a workshop, is a true standout. Its exceptional layout boasts soaring ceilings, multi-level living spaces, and an awe-inspiring roof deck with views across the city. The roof deck, Private courtyard, front patio and balcony provide outdoor retreats that contribute to the property's unique appeal, providing residents with areas to relax and entertain. The lush, mature landscaping enveloping the property ensures privacy and offers refreshing shade. The lower 2-bedroom, 2-bathroom unit will be delivered vacant, presenting an excellent opportunity for customization or immediate rental. The possibilities are endless, whether you choose to upgrade this unit for personal use or maximize your rental income potential. The property was measured by CubiCasa: Lower unit (2/2) 1,288 sf, upper unit (2/1) 1,458 sf and 874 sf back loft/workshop. Measurements and floorplans are presumed to be accurate but are not guaranteed and do not align with assessor's records. To respect the privacy of residents, only the vacant unit will be shown prior to accepting an offer. Photos are available of the leased units for serious inquiries.

Listed by Sharlotte Blake | BRE #02035876 | Keller Williams Larchmont
Last checked: 13 minutes ago | Last updated: January 27th, 2024 | Source CRMLS | DOM: 52

Home details

Lot Sq. Ft
3,801
HOA Dues
$0/mo
Year built
1925
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
23328693
City
Los Angeles
County
Los Angeles
Time on Site
320 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: 2
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $4,000
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $3,155
  • Total Rent: $3,155
  • Pro Forma/Market Rent: $3,281
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,775
  • Total Rent: $2,775
  • Pro Forma/Market Rent: $2,886
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 12.29
  • Gross Scheduled Income: --
  • Net Operating Income: $98,613
  • Gross Operating Income: $123,188
Annual Expense Breakdown
  • Total Operating Expense: --
  • New Taxes: $12,242
  • Gardener: $1,200
  • Insurance: $1,327
  • Maintenance: $8,000

Property Details for 409 N Norton Ave

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Forced Air, Wall Furnace
Laundry Information
  • Has Laundry
  • Washer Included, Dryer Included, Inside
Fireplace Information
  • Has Fireplace
  • Decorative
Room Information
  • Flooring: Wood, Tile
  • Loft, Walk-In Closet, Utility Room
Kitchen Information
  • Has Appliances
  • Refrigerator
Interior Features
  • Levels: Two
  • Window Features: French/Mullioned, Garden Window(s), Screens, Drapes
  • Security Features: Smoke Detector(s), Window Bars, Gated Community
  • Door Features: French Doors
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 3
  • Has Parking
  • Parking Features: Driveway, Tandem Garage
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Has View
  • View: Courtyard, City Lights
  • Total # of Units: 3
  • Parcel Number: 5522025001
  • Architectural Style: Spanish
  • Foundation Details: Raised, Slab
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Other
  • Water Source: Public
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: North of Beverly, West of Van Ness
View more facts & features

Local Los Angeles Agent

Sale History for 409 N Norton Ave

Last sold for $1,515,000 on January 26th, 2024

  • January, 2024

  • Jan 26, 2024

    Date

    Sold

    CRMLS: 23328693

    $1,515,000

    Price

  • Nov 9, 2023

    Date

    Active

    CRMLS: 23328693

    $1,750,000

    Price

  • January, 2024

  • Jan 26, 2024

    Date

    Sold

    CRMLS: 23332425

    $1,515,000

    Price

  • Nov 15, 2023

    Date

    Active

    CRMLS: 23332425

    $1,750,000

    Price

  • Listing provided courtesy of CRMLS

    MAJOR PRICE REDUCTION. SELLER IS READY TO SELL! Create your own custom single family home in coveted Larchmont Village for an amazing price! This property is currently a charming spanish duplex with a studio/ workshop in the back but could be converted into a single family home with some ingenuity. The entryways to the upper and lower unit are right next to each other. Enclose that area and you've put the stairwell inside the house! Renovate away and create a home with almost 3000 sf in the main building for 1/2 the price you would otherwise pay in this upscale neighborhood. Work from home? The studio/ workshop out back would make a fabulous art studio, workshop, a great spot for guests or a spacious home office. The lower 2 bed/ 2 bath unit (in photos) will be delivered vacant to the buyer. Collect great rents on the upper 2 bed/ 1 bath ($3250) and the studio/ workshop ($2795) while you finalize your plans for your new home. Photos and floorplans are available for the tenant occupied units to serious buyers. They can only be shown in person with an accepted offer. Buyer to do their own due diligence on feasibility for conversion of the property and all other matters. 874 sf (measured by Cubi Casa) of the total square footage is the back workshop/ studio building.

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Tax History for 409 N Norton Ave

Assessed Value (2020): $942,524
Year Land Value Improved Value Assessed Value
2020 $520,015 $422,509 $942,524

Home Value Compared to the Market

This property vs the competition

409 N Norton Ave sold on January 26, 2024 for 33.93% higher than the current median sold price for the city of Los Angeles which is $1,120,000. The median sold price per/sqft for Los Angeles is $724 and this home is sold at $414.36 per/sqft which puts the price per square foot 42.77% lower than the current median sale per square foot for the city of Los Angeles.

About 409 N Norton Ave

Detailed summary of property

409 N Norton Ave is a multi family that recently sold in Los Angeles, CA 90004. This multi family property offered 4 bedrooms, 4 bathrooms, roughly 3,620 living square feet, and sits on an approximately 3,801 square foot lot. 409 N Norton Ave was first listed on ArdentRealEstateGroup.com on November 4, 2023. The homeowner sold the property for $1,515,000. Home in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 33.93% higher than the current median priced home. Local homes that are currently for sale include 1239 Gordon St, 6239 Banner Ave and 4118 W 2nd St. While the average home in Los Angeles, CA is selling in 106 days, 409 N Norton Ave has a days on market of 52 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 409 N Norton 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 409 N Norton Ave

Public county record property details
Beds
4
Baths
2
Year built
1925
Sq. Ft.
2,868
Lot Size
3,800
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
135,136
APN
5522-025-001

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.
$808
Median Sold Price
$790,000
Median Sold Price/Sq.Ft.
$601
Total Inventory
79
Median Sale to List Price %
95.18%
Avg Days on Market
39
Loan Type
Conventional (11.11%), FHA (0%), VA (0%), Cash (0%), Other (22.22%)

Thinking of Selling?

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(714) 706-1823

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Recently Sold Homes Near 409 N Norton Ave

407 N Norton Ave, Los Angeles, CA 90004
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407 N Norton Ave
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432 N Norton Ave, Los Angeles, CA 90004
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432 N Norton Ave
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438 N Norton Ave, Los Angeles, CA 90004
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526 N Bronson 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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