4245 Normal Ave, Los Angeles, CA 90029
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4245 Normal Ave Los Angeles, CA 90029

$1,262,000 Sold Price as of 06/17/2019
  • 6 Beds
  • 5 Baths
  • 2,678 Sq.Ft.
Sold
$1,262,000 Sold Price as of 06/17/2019 Refinance Your Mortgage

Map preview of 4245 Normal Ave, Los Angeles, CA 90029

Property Overview: 4245 Normal Ave Los Angeles, CA has 6 bedrooms, 5 bathrooms, 2,678 living square feet and 7,750 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Fantastic well-maintained bread and butter triplex in red hot Virgil Village/East Hollywood neighborhood. One unit delivered vacant and freshly painted to move right into or take advantage of top rents; other two units occupied by solid tenants at/near market rates - you don't have to wait for "upside" on this one. Excellent rental history with very low turnover and high occupancy. Side by side duplex in front: 1st unit with two bedrooms, one bath; 2nd (available unit) with two bedrooms, TWO bathrooms. Standalone rear house with two bedrooms, TWO bathrooms. All units have been renovated with updated kitchens and bathrooms, in-unit laundry. Separate, detached three car garage provides each unit with TWO dedicated parking spaces - six off-street spaces total. Each unit has own private, fenced outside yard space, with mature fruit trees. Recently updated features include newly painted exterior, newer garage doors, newer roofs, fresh landscaping. Easily walkable to LA City College, Red Line station, Sunset Junction in Silver Lake, all the new restaurants and shops on Virgil, and more. Take advantage of "Opportunity Zone" and "Transit Oriented Communities" incentives and benefits. Great location in a rapidly appreciating neighborhood with great rents, tenants, parking, yards, etc. This is a super desirable, easily managed, small multi-family residential income property, for investors, landlords and tenants alike, which will provide for years to come - you don't want to miss out!

Listed by Casimira Kneebone | BRE #01955896 | Truth Realty
Last checked: 2 minutes ago | Last updated: March 25th, 2022 | Source CRMLS | DOM: 4

Home details

Lot Sq. Ft
7,750
HOA Dues
$0/mo
Year built
1924
Garage
3 Car
Property Type:
Triplex
Status
Sold
MLS#
DW19110533
City
Los Angeles
County
Los Angeles
Time on Site
1220 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 3
  • # of Leased Units: 2
  • # of Electric Meters: 3
  • # of Gas Meters: 3
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,369
  • Total Rent: $2,369
  • Pro Forma/Market Rent: $3,000
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,800
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,265
  • Total Rent: $2,265
  • Pro Forma/Market Rent: $2,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.2%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $89,208
  • Net Operating Income: $67,308
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $21,900
  • Licenses: $203
  • New Taxes: $16,187
  • Trash: $0
  • Gardener: $1,500
  • Insurance: $1,740
  • Maintenance: $600
  • Water/Sewer: $1,320

Property Details for 4245 Normal Ave

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Inside
Room Information
  • Flooring: Laminate, Wood
Interior Features
  • Levels: One
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 3
  • # of Parking Spaces: 6
  • Has Parking
  • Parking Features: Assigned
Lot Information
  • Lot Features: Landscaped, Near Public Transit, Yard
  • Lot Size Source: Assessor
Property Information
  • Common Walls: 1 Common Wall, No One Above
  • Total # of Units: 3
  • Parcel Number: 5539011022
  • Year Built Source: Public Records
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Major cross streets are Virgil & Vermont
Neighborhood Information
  • Community Features: Sidewalks, Urban
View more facts & features

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Sale History for 4245 Normal Ave

Last sold on July 3rd, 2019
  • July, 2019

  • Jul 3, 2019

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • June, 2019

  • Jun 17, 2019

    Date

    Sold

    CRMLS: DW19110533

    $1,262,000

    Price

  • Jun 6, 2019

    Date

    Pending

    CRMLS: DW19110533

    $1,295,000

    Price

  • May 20, 2019

    Date

    Active Under Contract

    CRMLS: DW19110533

    $1,295,000

    Price

  • May 15, 2019

    Date

    Active

    CRMLS: DW19110533

    $1,295,000

    Price

  • June, 2019

  • Jun 17, 2019

    Date

    Sold (Public Records)

    Public Records

    $1,262,000

    Price

  • November, 2007

  • Nov 17, 2007

    Date

    Expired

    CRMLS: 12092411

    $799,000

    Price

  • May 17, 2007

    Date

    Active

    CRMLS: 12092411

    $799,000

    Price

  • Listing provided courtesy of CRMLS

    Situated in high rental demand area, never a vacancy. Potential to build multiple units. Walk to Los Angeles City College,public transportation and many commercial establishment. 3-bedroom house in rear, 1-bedroom duplex in front-both witrh formal dining room.

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Tax History for 4245 Normal Ave

Assessed Value (2020): $1,287,240
Year Land Value Improved Value Assessed Value
2020 $879,240 $408,000 $1,287,240

Home Value Compared to the Market

This property vs the competition

4245 Normal Ave sold on June 17, 2019 for 8.82% 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 $483.57 per/sqft which puts the price per square foot 35.95% lower than the current median sale per square foot for the city of Los Angeles.

About 4245 Normal Ave

Detailed summary of property

4245 Normal Ave is a triplex that recently sold in Los Angeles, CA 90029. This triplex offered 6 bedrooms, 5 bathrooms, roughly 2,678 living square feet, and sits on an approximately 7,750 square foot lot. 4245 Normal Ave was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $1,262,000. 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 8.82% higher than the current median priced home. Local homes that are currently for sale include 1150 N Kingsley Dr, 4101 Clayton Ave and 4500 Gilbert Pl. While the average home in Los Angeles, CA is selling in 94 days, 4245 Normal Ave has a days on market of 4 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 4245 Normal Ave Los Angeles, CA 90029 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 4245 Normal Ave

Public county record property details
Beds
5
Baths
5
Year built
1924
Sq. Ft.
2,678
Lot Size
7,750
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
242,244
APN
5539-011-022

The source for these homes facts are from public records.

90029 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,200,000
Median List Price/Sq.Ft.
$794
Median Sold Price
$1,049,000
Median Sold Price/Sq.Ft.
$1,042
Total Inventory
35
Median Sale to List Price %
95.36%
Avg Days on Market
38
Loan Type
Conventional (60%), FHA (0%), VA (0%), Cash (0%), Other (0%)

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Related Resources to 4245 Normal 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.