432 N Norton Ave Los Angeles, CA 90004

$--

8 Beds
8 Baths
7,466 Sq.Ft.

Off Market

Map preview of 432 N Norton Ave, Los Angeles, CA 90004

Property Overview: 432 N Norton Ave Los Angeles, CA has 8 bedrooms, 8 bathrooms, 7,466 living square feet and 8,250 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

432 N Norton Ave is currently an off market home in the city of Los Angeles. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Los Angeles has a median list price of $1,236,000. The median price per/sqft for Los Angeles is $775. With those numbers in mind, if you are looking to purchase a median priced home in Los Angeles, CA and put 20% down you will need to save up $247,200 for the down payment and will need roughly $24,720 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Los Angeles the commission could be as much as $56,500. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

Refinance your Current Mortgage and Save Save $

You could be saving money by taking advantage of a lower rate and reducing your monthly payment. See what current rates are at and get a free no-obligation quote on today's refinance rates.

Get Free Quote

Local Los Angeles Agent

Sale History for 432 N Norton Ave

View property's historical transactions

June, 2024
Jun 10, 2024

Date

Hold

CRMLS: 24373903

$3,000,000

Price
Mar 28, 2024

Date

Active

CRMLS: 24373903

$3,000,000

Price
Listing provided courtesy of CRMLS

We are pleased to present a rare 8-unit investment opportunity in the desirable Larchmont area of Los Angeles, Adjacent to Hancock Park. This amazing property is being offered for sale for the first time in 36 years! Such an attractive 1920's Art Deco Architecture with oversized 1 Bedroom + 1 Bathroom in all Units (and an average unit size of approx. 836 square feet each). As a distinct & well-regarded neighborhood, these units are situated near Shopping & Dining in the busy Larchmont Village, and yet not too far from Melrose Ave & Beverly Blvd. Potential income opportunity awaits with realistic rental upside since units currently qualify for a rent increase (subject to City of Los Angeles' Rent Stabilization Ordinance RSO). Tenants enjoy the short commute to the famous Paramount Pictures, Sunset-Gower Studios and the Wilshire Country Club. Exploring even more adventurous entertainment brings the tenants to The Grove, Hollywood Walk Of Fame, Downtown Los Angeles and Century City. There are some on-site Garage Parking for Select Tenants but all units have Laundry Hookups. The new investor can appreciate its minimal expense as this property is separately metered for Gas and Electricity. A well maintained and managed investment with upgraded electrical is just another appealing highlight for any buyer. We kindly ask all interested parties, please do not walk on the property and do not engage with tenants, they are not aware of the sale, direct all question to the listing agent.

Continue Reading

Tax History for 432 N Norton Ave

Assessed Value (2020): $815,264

Year	Land Value	Improved Value	Assessed Value
2020	$489,022	$326,242	$815,264

About 432 N Norton Ave

Detailed summary of property

432 N Norton Ave is categorized with a use code of Apartment House (5+ Units) in Los Angeles, CA 90004 and is currently off market. This property has 8 bedrooms, 8 bathrooms, roughly 7,466 living square feet, and sits on an approximately 8,250 square foot lot. Homes in Los Angeles are selling for a median price of $1,130,000 and a median price per square foot of $754. Local nearby listings include 146 S Norton Ave, 109 S St Andrews Pl #5 and 918-1 N Ridgewood Pl. The average home in Los Angeles, CA is selling in 99 days. There are currently 3982 homes for sale in the Los Angeles real estate market and 2673 of them are single family homes while 1195 of them are condos and 107 are townhomes. If you are the homeowner and looking to sell the home at 432 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 432 N Norton Ave

Public county record property details

Beds: 8
Baths: 8
Year built: 1925
Sq. Ft.: 7,466
Lot Size: 8,250
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 157
APN: 5522-022-010

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

$1,300,000

Median List Price/Sq.Ft.

$764

Median Sold Price

$1,075,000

Median Sold Price/Sq.Ft.

$764

Total Inventory

Median Sale to List Price %

93.56%

Avg Days on Market

Loan Type

Conventional (14.29%), FHA (0%), VA (0%), Cash (14.29%), Other (28.57%)

Thinking of Selling?

Is this your property?
Thinking of Selling?
Call, Text or Message

(714) 706-1823

Refinance your Current Mortgage and Save Save $

You could be saving money by taking advantage of a lower rate and reducing your monthly payment. See what current rates are at and get a free no-obligation quote on today's refinance rates.

Get Free Quote