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

$1,600,000 Sold Price as of 10/13/2021
  • -- Beds
  • -- Baths
  • -- Sq.Ft.
Sold
$1,600,000 Sold Price as of 10/13/2021 Refinance Your Mortgage
Map preview of 432 N Normandie Ave, Los Angeles, CA 90004

Property Overview: 432 N Normandie Ave Los Angeles, CA has -- bedrooms, -- bathrooms, -- living square feet and 5,827 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Start Construction Today, Shovel Ready NOW! 14-unit May be Condo Mapped During construction. (RTI) Ready to Issue Permits, with On Grade Parking (no subterranean parking) Located in a Qualified Opportunity Zone. 14-unit development opportunity located in the 90004 Zip Code of Koreatown (89 Walk Score). Type III B residential and Type I A parking with Roof Deck. All units include a Washer/Dryer and Balcony.

Listed by Jon Emrani | BRE #01427038 | Marcus & Millichap
Last checked: 4 minutes ago | Last updated: June 5th, 2023 | Source CRMLS | DOM: 444

Home details

Lot Sq. Ft
5,827
HOA Dues
$0/mo
Year built
--
Garage
--
Property Type:
Land
Status
Sold
MLS#
20603868
City
Los Angeles
County
Los Angeles
Time on Site
1206 days

Property Details for 432 N Normandie Ave

Lot Details / Garage and Parking
Property Information
  • No View
  • View: None
  • Parcel Number: 5520014013
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: NE of Beverly Blvd and Normandie Ave
View more facts & features

Local Los Angeles Agent

Sale History for 432 N Normandie Ave

Last sold for $1,600,000 on October 13th, 2021

  • August, 2021

  • Aug 31, 2021

    Date

    Active

    CRMLS: 20603868

    $1,695,000

    Price

  • Aug 5, 2021

    Date

    Active Under Contract

    CRMLS: 20603868

    $1,695,000

    Price

  • Nov 10, 2020

    Date

    Pending

    CRMLS: 20603868

    $1,695,000

    Price

  • Nov 2, 2020

    Date

    Price Change

    CRMLS: 20603868

    $1,695,000

    Price

  • Jul 14, 2020

    Date

    Active

    CRMLS: 20603868

    $1,625,000

    Price

  • May, 2020

  • May 14, 2020

    Date

    Expired

    CRMLS: 20560512

    $2,500,000

    Price

  • Apr 13, 2020

    Date

    Active

    CRMLS: 20560512

    $2,500,000

    Price

  • Apr 5, 2020

    Date

    Expired

    CRMLS: 20560512

    $2,500,000

    Price

  • Mar 24, 2020

    Date

    Active

    CRMLS: 20560512

    $2,500,000

    Price

  • Mar 14, 2020

    Date

    Pending

    CRMLS: 20560512

    $2,500,000

    Price

  • Mar 4, 2020

    Date

    Active

    CRMLS: 20560512

    $2,500,000

    Price

  • Listing provided courtesy of CRMLS

    OWNER MAY CARRY PROPERTY OVERVIEW QUALIFIED OPPORTUNITY ZONE: DELIVERED FULLY RTI, WITH CONDO MAPPING! "NO UNDERGROUND CONSTRUCTION"! 14 unit development opportunity straddling the prime Korea town, Downtown and Hollywood areas of Los Angeles. BUY AND BUILD! Proposed project consists of 1 level of Parking at grade (no subterranean excavation), plus 4 levels of residential plus roof deck. Class A project .. Max height 45', Type III B residential and Type I A Parking construction. Asking rents and increases in this burgeoning pocket area are holding strong and consistent year over year. PROPERTY HIGHLIGHTS * DELIVERED WITH CONDO MAPPING IN PLACE. * All units have Balconies & Washer/Dryer. * 0.5 Miles from METRO main station, 0.8 miles from LA City College, 1 mile from Paramount Studios, 4.5 miles from Downtown Los Angeles. * All construction above grade! No excavation, much faster completion. * Highly efficient design, Class A project in a highly coveted area of Los Angeles that is rapi

  • November, 2019

  • Nov 29, 2019

    Date

    Expired

    CRMLS: 19460228

    $1,950,000

    Price

  • Jul 25, 2019

    Date

    Withdrawn

    CRMLS: 19460228

    $1,950,000

    Price

  • Apr 29, 2019

    Date

    Active

    CRMLS: 19460228

    $1,950,000

    Price

  • Listing provided courtesy of CRMLS

    DEVELOPMENT "BUY AND BULD"- QUALIFIED OPPORTUNITY ZONE: DELIVERED FULLY RTI, WITH CONDO MAPPING! "NO UNDERGROUND CONSTRUCTION"! 14 unit development opportunity straddling the prime Koreatown, Downtown and Hollywood areas of Los Angeles. BUY AND BUILD! Proposed project consists of 1 level of Parking at grade (no subterranean excavation), plus 4 levels of residential plus roof deck. Class A project expected for RTI delivery in September 2019. Max height 45', Type III B residential and Type I A Parking construction. Asking rents and increases inthis burgeoning pocket area are holding strong and consistent year over year. Unit Mix: 4 units: 1bed/1bath; 8 units: 2beds/2bath; 2 units: 3bed/2bath.

  • November, 2019

  • Nov 2, 2019

    Date

    Expired

    CRMLS: 19458166

    $1,950,000

    Price

  • Jul 25, 2019

    Date

    Withdrawn

    CRMLS: 19458166

    $1,950,000

    Price

  • Apr 23, 2019

    Date

    Active

    CRMLS: 19458166

    $1,950,000

    Price

  • Listing provided courtesy of CRMLS

  • November, 2018

  • Nov 19, 2018

    Date

    Sold

    CRMLS: 18380146

    $890,000

    Price

  • Sep 14, 2018

    Date

    Active Under Contract

    CRMLS: 18380146

    $900,000

    Price

  • Aug 28, 2018

    Date

    Active

    CRMLS: 18380146

    $900,000

    Price

  • Listing provided courtesy of CRMLS

    We are pleased to present a 5,826 square foot rare development opportunity in Mid-Wilshire, Los Angeles. Located at 432 North Normandie Avenue, the property sits on a residential neighborhood adjacent to single-family homes and other multifamily properties. Tenants enjoy proximity to the 101 Freeway, and access to amenities on Santa Monica Boulevard, as well as Wilshire Boulevard. Currently the lot features a cash flowing duplex. The property has LAR3-1 zoning which allows for multifamily, and residential developments. This particular zoning has no Q Conditions. The unentitled offering has a potential to allow for a development of 7 units by right, and 12 units with the Tier 3 Transit-Oriented Community (TOC) density bonus. Seller has agreed to carry paper at an interest rate of 3.75%. The property presents an exciting opportunity for any investor to develop in the Mid-Wilshire market while benefiting from LAR3 Zoning in a Tier 3 TOC.

  • November, 2018

  • Nov 5, 2018

    Date

    Sold (Public Records)

    Public Records

    $890,000

    Price

  • February, 1995

  • Feb 1, 1995

    Date

    Sold (Public Records)

    Public Records

    $126,000

    Price

Show More

Tax History for 432 N Normandie Ave

Assessed Value (2020): $907,800
Year Land Value Improved Value Assessed Value
2020 $703,800 $204,000 $907,800

Home Value Compared to the Market

This property vs the competition

432 N Normandie Ave sold on October 13, 2021 for 42.44% higher than the current median sold price for the city of Los Angeles which is $1,190,000.

About 432 N Normandie Ave

Detailed summary of property

432 N Normandie Ave is a land that recently sold in Los Angeles, CA 90004. This land offered -- bedrooms, -- bathrooms, roughly -- living square feet, and sits on an approximately 5,827 square foot lot. 432 N Normandie Ave was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $1,600,000. 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 42.44% higher than the current median priced home. Local homes that are currently for sale include 1932 Park Ave, 1357 N Las Palmas Ave and 2051 S La Salle Ave. While the average home in Los Angeles, CA is selling in 96 days, 432 N Normandie Ave has a days on market of 444 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 432 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 432 N Normandie Ave

Public county record property details
Beds
5
Baths
2
Year built
1923
Sq. Ft.
2,204
Lot Size
5,826
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
54
APN
5520-014-013

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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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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