4351 Normal Ave, Los Angeles, CA 90029
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4351 Normal Ave Los Angeles, CA 90029

$2,450,000
  • 12 Beds
  • 12 Baths
  • 9,544 Sq.Ft.
Pending
$2,450,000 Get Pre-Qualified

Map preview of 4351 Normal Ave, Los Angeles, CA 90029

Property Overview: 4351 Normal Ave Los Angeles, CA has 12 bedrooms, 12 bathrooms, 9,544 living square feet and 9,303 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: Great opportunity to buy a 12 unit apartment building in Virgil Village with upside potential. This is a renovated apartment building in a prime location. Ten of the apartments have been updated as well as the common areas. There has been work done to the major systems including bolting the foundation and the exterior was just painted. The property features an excellent unit mix and is located in one of the most dynamic neighborhoods in Los Angeles. Close to Sqirl, Courage bagels, and all of the hotspots on the Eastside.

Listed by Thomas Hilal | BRE #01354379 | Nourmand & Associates-BH
Co-listed by Michael Nourmand | BRE #01281017 | Nourmand & Associates-BH
Last checked: 15 minutes ago | Last updated: July 1st, 2024 | Source CRMLS | DOM: 103
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Home details

Lot Sq. Ft
9,303
HOA Dues
$0/mo
Year built
1918
Garage
--
Property Type:
Multi Family
Status
Pending
MLS#
24347747
City
Los Angeles
County
Los Angeles
Time on Site
189 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 12
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 4
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,744
  • Total Rent: $7,264
  • Pro Forma/Market Rent: $6,975
Unit Breakdown 2
  • # of Units: 4
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $907
  • Total Rent: $3,648
  • Pro Forma/Market Rent: $3,630
Unit Breakdown 3
  • # of Units: 4
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,053
  • Total Rent: $8,549
  • Pro Forma/Market Rent: $8,210
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 10.49
  • Gross Scheduled Income: --
  • Net Operating Income: $0
  • Gross Operating Income: $0
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 4351 Normal Ave

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace
Kitchen Information
  • Has Appliances
  • Refrigerator
Interior Features
  • Levels: Two
Lot Details / Garage and Parking
Parking/Garage Information
  • No
  • Parking Features: None
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 12
  • Parcel Number: 5539010016
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: North of Melrose, South of Santa Monica Blvd, West of Virgil, East of Vermont
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Sale History for 4351 Normal Ave

Last sold for $2,395,000 on May 6th, 2016
  • May, 2024

  • May 15, 2024

    Date

    Pending

    CRMLS: 24347747

    $2,450,000

    Price

  • Jan 15, 2024

    Date

    Active

    CRMLS: 24347747

    $2,595,000

    Price

  • January, 2024

  • Jan 4, 2024

    Date

    Canceled

    CRMLS: 23298889

    $2,595,000

    Price

  • Aug 9, 2023

    Date

    Active

    CRMLS: 23298889

    $2,950,000

    Price

  • Listing provided courtesy of CRMLS

    Great opportunity to buy a 12 unit apartment building in Virgil Village with upside potential. This is an extensively renovated apartment building in a prime location. Ten of the apartments have been remodeled as well as the common areas. There has been work done to the major systems including bolting the foundation and the exterior was just painted. The property features an excellent unit mix and is located in one of the most dynamic neighborhoods in Los Angeles. Close to Sqirl, Courage bagels, and all of the hotspots on the Eastside.

  • May, 2016

  • May 3, 2016

    Date

    Sold (Public Records)

    Public Records

    $2,395,000

    Price

  • March, 2016

  • Mar 5, 2016

    Date

    Price Change

    CRMLS: 16969881

    $2,395,000

    Price

  • Feb 10, 2016

    Date

    Price Change

    CRMLS: 16969881

    $2,495,000

    Price

  • Jan 27, 2016

    Date

    Price Change

    CRMLS: 16969881

    $2,550,000

    Price

  • Jan 8, 2016

    Date

    Price Change

    CRMLS: 16969881

    $2,850,000

    Price

  • Listing provided courtesy of CRMLS

    This is an extensively renovated apartment building in a great location. Ten of the apartments have been completely remodeled, as well as the common areas, systems and exterior. The property features an excellent unit mix and is currently fully occupied.

  • October, 2014

  • Oct 21, 2014

    Date

    Sold (Public Records)

    Public Records

    $1,300,000

    Price

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Tax History for 4351 Normal Ave

Assessed Value (2020): $2,593,383
Year Land Value Improved Value Assessed Value
2020 $1,688,593 $904,790 $2,593,383

Home Value Compared to the Market

This property vs the competition

4351 Normal Ave is listed 104.17% higher than the median list price for the city of Los Angeles which has a median list price of $1,199,999. The median price per/sqft for Los Angeles is $771 and this home is listed at $256.71 per/sqft which puts the price per square foot 66.7% lower than the median price per square foot for the city of Los Angeles.

About 4351 Normal Ave

Detailed summary of property

4351 Normal Ave is a multi family located in Los Angeles, CA 90029 and is currently in escrow to be sold. This multi family property offers 12 bedrooms, 12 bathrooms, roughly 9,544 living square feet, and sits on an approximately 9,303 square foot lot. 4351 Normal Ave was first listed on ArdentRealEstateGroup.com on January 15, 2024. The homeowner is currently asking $2,450,000 and was originally asking $2,595,000. The median priced home in Los Angeles is $1,199,999 with a median price per square foot of $771. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 104.17% higher than the median priced home. Local competing homes currently for sale include 1425 N Normandie Ave, 4534 Kingswell Ave and 1545 Murray Dr. While the average home in Los Angeles, CA is selling in 102 days, 4351 Normal Ave has a days on market of 103 days. There are currently 4091 homes for sale in the Los Angeles real estate market and 2731 of them are single family homes while 1235 of them are condos and 119 are townhomes. For more information on this home for sale at 4351 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 4351 Normal Ave

Public county record property details
Beds
15
Baths
12
Year built
1918
Sq. Ft.
9,544
Lot Size
9,300
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
266
APN
5539-010-016

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
$970,000
Median List Price/Sq.Ft.
$700
Median Sold Price
$1,595,000
Median Sold Price/Sq.Ft.
$842
Total Inventory
29
Median Sale to List Price %
100%
Avg Days on Market
26
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (14.29%), 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.